Solana CME Futures: Unable to beat BTC, ETH’s launch, what’s ahead for SOL?

Explore the launch of Solana CME Futures with $12.1 million in volume, marking a new phase in institutional adoption.

Regulated Futures have historically led to ETF approvals; Bloomberg Intelligence gives SOL a 70% chance of ETF approval by late 2025.In comparison, Bitcoin Futures launched in December 2017 with $102.7 million in first-day volume and $20.9 million in Open Interest.

Ethereum Futures debuted in February 2021 with $31 million in trading volume and $20 million in Open Interest.Lower volumes reflect current risk-averse conditions and a broader market cooldown, probably why its Futures debut did not mirror the same explosive first-day activity as Bitcoin or Ethereum.that Solana’s Daily Active Addresses surged to 5.4 million on the 18th of March, marking its highest point in recent months.

However, this spike follows a decline in February 2025, when DAA fell to 4.4 million, despite SOL reaching its peak price of $231.65 on the 1st of February.The misalignment between price action and on-chain activity suggests that speculative trading, rather than organic network growth, may have driven the price rally earlier in the year.For example, Binance recorded $851.6 million in Open Interest and $1.81 billion in daily trading volume.

Some exchanges favor long positions, while others see stronger short activity. Historically, the launch of regulated futures contracts has paved the way for spot ETF approvals.Per the chart below by AMBCrypto, the U.S. Securities and Exchange Commission previously approved spot Bitcoin and Ethereum ETFs only after their respective Futures had established a regulated price discovery mechanism.

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