Summary
- It reported that Solana futures open interest rose by about 25% in three days.
- Solana DeFi TVL for the first time saw 8 protocols each exceed $1 billion, setting an all-time high.
- The market sees the October Solana spot ETF review and institutional asset accumulation flows as factors influencing the bullish trend.
With increased capital inflows into the Solana (SOL) market, futures open interest and DeFi (decentralized finance, DeFi) metrics have surged together. ETF approval hopes and institutional buying have combined to strengthen the bullish trend.
On the 12th, according to SolanaFloor, which specializes in virtual assets (cryptocurrencies), Solana futures open interest traded on the Chicago Mercantile Exchange (CME) rose from $1.49 billion on the 9th to $1.87 billion on the day, increasing by about 25% in three days. The market sees the Solana spot ETF review scheduled for October and accumulation flows by whales and institutions as influencing the trend.
On the same day, Solana ecosystem DeFi deposits (TVL·Total Value Locked) hit an all-time high for the first time, with 8 protocols each recording over $1 billion. Decentralized exchange Jupiter, liquid staking protocol Jito, and lending platform Kamino ranked among the top.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
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