Rocket Pool (RPL) Surges 29% as Open Interest Jumps 150%

Rocket Pool (RPL), a decentralized Ethereum staking protocol, has seen a remarkable 29% price surge within a 24-hour period, breaking above the $6 mark. This significant price movement is accompanied by a 150% increase in open interest, indicating heightened trader engagement and bullish sentiment. The open interest has risen from under $9 million to over $22.5 million within days, suggesting increased liquidity and speculative interest in RPL futures contracts. Such dynamics often precede sustained price movements, highlighting the growing appeal of Rocket Pool among crypto investors.

The surge in Rocket Pool's price coincides with a broader altcoin rally, particularly among tokens related to Ethereum's ecosystem. This rally is driven by an 800% spike in daily trading volume, reflecting strong market participation and confirming the legitimacy of the price trends. The increased interest in decentralized staking solutions has positioned RPL as a favored asset for traders seeking exposure to liquid staking protocols.

One of the key catalysts behind Rocket Pool's recent performance is its integration with Chainlink, which enables seamless transfers of the liquid staking token rETH between the Ronin Network and Ethereum. This cross-chain functionality expands Rocket Pool’s utility and accessibility, allowing users to leverage their staked assets across multiple blockchain environments. According to DeFiLlama, Rocket Pool currently holds over 690,000 ETH in staking and boasts a total value locked (TVL) exceeding $1.8 billion, metrics that are likely to grow as cross-chain capabilities attract more participants.

The Chainlink-enabled interoperability not only enhances user experience but also positions Rocket Pool competitively within the decentralized finance (DeFi) landscape. Cross-chain transfers reduce friction and increase capital efficiency, factors that are critical for scaling liquid staking protocols. This development may encourage institutional and retail investors alike to increase their exposure to RPL, anticipating further appreciation as the protocol’s ecosystem matures.

From a technical perspective, Rocket Pool is currently retesting price levels last observed in mid-May. A successful breakout above the $6 resistance could pave the way for a challenge of the psychological $10 mark, a level that has not been breached since RPL’s peak at $12 in February 2025. The recent addition of RPL trading support on Coinbase Germany has provided fresh momentum, potentially catalyzing another upward leg. Traders should monitor volume trends and open interest closely, as these indicators will offer insights into the sustainability of the rally.

Rocket Pool’s price action is reflective of a broader trend among Ethereum-related tokens, which have benefited from renewed investor interest following Ethereum’s price recovery. While competitors like Lido DAO and Aave continue to dominate liquid staking and lending respectively, Rocket Pool’s unique decentralized approach and recent technological enhancements give it a distinctive edge. This competitive positioning may attract a diversified investor base seeking alternatives within the growing Ethereum staking market.

In summary, Rocket Pool’s recent 29% price surge, supported by a dramatic increase in open interest and trading volume, highlights the growing market confidence in decentralized staking protocols. The Chainlink integration for cross-chain token transfers marks a significant milestone, enhancing Rocket Pool’s functionality and appeal. As RPL approaches key technical resistance levels, investors should watch for sustained volume and open interest trends to gauge the potential for further gains. Overall, Rocket Pool is well-positioned to capitalize on the expanding Ethereum staking ecosystem, offering promising opportunities for both traders and long-term holders.