On March 17, Solana futures on the CME debuted with a trading volume of $12.1 million. We compare this launch to Bitcoin and Ether futures and assess future prospects.
Launch of Solana Futures on CME
Solana's CME futures launched with a trading volume of $12.1 million on the first day, which fell short compared to Bitcoin and Ether futures.
Comparison with Bitcoin and Ether Futures
Research by Vetle Lunde at K33Research indicated that Solana's futures volume and open interest were significantly below those of Bitcoin and Ether. However, when adjusted for market cap, Solana's launch aligns closer with those competitors.
Future of Solana CME Futures
Comparing to Bitcoin and Ether futures, Solana's futures offer long-term advantages with the potential to enhance liquidity and attract institutional interest.
The initial results of Solana's CME futures show potential for the future, considering institutional interest and market conditions.
