Solana Futures Hit Record High: Open Interest Surges Over $5 Billion

Solana futures markets have experienced a significant surge in open interest, reaching an unprecedented high of over $5.75 billion as of April 30. This growth signifies increased investor leverage and speculation on the future price trajectory of SOL. The high level of open interest reflects growing institutional investment in Solana, with its position as the third most traded asset in the crypto derivatives market surpassing even XRP derivatives.