Solana CME futures volumes reach $12.1M: Was the launch a dud, or is more to come?
Solana’s CME futures trading volume was well below the BTC and ETH day one launches, but analysts are reluctant to label it a failure.
Solana futures (SOL) on the Chicago Mercantile Exchange (CME) went live on March 17, with a trading volume of $12.1 million on day 1, which fell short compared to Bitcoin (BTC) and Ethereum’s (ETH) CME futures debut.
CME Crypto futures comparison by Vetle Lunde. Source: X.com
Vetle Lunde, Head of Research at K33Research, compared the difference between Bitcoin (BTC), Ether (ETH) and Solana (SOL) CME futures trading performances on their launch day, and it is clear that SOL’s CME futures volume and open interest came in far below its competitors.
