Solana’s Volatile Ride: Derivatives Demand Ignites a Surge in Trading

Solana (SOL) has been lagging behind Bitcoin and Ethereum in recent bullish activity, but its volatility this week sparked renewed interest from traders. Price surged to over $209 on Thursday before retracing by 20%, reaching $187 within just two days. This rollercoaster ride was fueled by a surge in derivatives trading, where Solana’s perpetual futures volume briefly surpassed Ethereum’s.