Solana Futures Trading Hits Record High on CME, Institutional Interest Surges

Solana's latest price was $143.07, down 1.663% in the last 24 hours. Invesco Ltd. and Galaxy Digital LP have filed to launch a spot ETF focused on Solana, aiming to offer expanded crypto investment products in the U.S. This strategic collaboration holds weight due to its potential to introduce the first U.S. Solana spot ETF. Market observers anticipate potential new institutional engagement. Invesco Ltd., a global asset manager, and Galaxy Digital LP, a crypto specialist, have united to file for a U.S. spot ETF focused on Solana. The move builds on their experience with crypto ETPs. The partnership enhances ETF capabilities by combining Invesco's expertise with Galaxy's digital asset solutions. This convergence aims to democratize crypto investment, bringing new products like Solana ETFs to U.S. markets. John Hoffman, Head of Americas ETFs & Indexed Strategies at Invesco, commented: "Invesco has a long history of using ETFs to democratize investor access to disruptive, innovative asset classes. Now, through our partnership with market leader Galaxy Digital, we are able to incorporate their expertise of blockchain technology, digital assets and cryptocurrency into our product capabilities. This combination of complementary strengths will help clients safely and prudently navigate this exciting new asset class to help meet their desired investment outcomes." Spot ETFs historically boost price and trading volume of underlying assets. The initiatives by Invesco and Galaxy Digital provide new U.S. market access to Solana, potentially increasing demand. Financial implications include anticipated institutional inflows if the ETFs are approved. The filings represent a calculated effort amid evolving U.S. regulatory landscapes. Regulatory clarity and acceptance are anticipated crucial in determining product launch timelines. Both firms have positioned themselves as early movers in this space. The joint expertise of Invesco and Galaxy Digital in crypto-ETF management positions them well to respond to emerging financial opportunities and regulatory changes. The proposal signals continued interest in broadening digital asset exposure.

Fiserv, a payments company, has officially announced the launch of its FIUSD stablecoin on the Solana blockchain, targeting over 10,000 banks and 6 million merchants. This move marks a major endorsement of Solana’s scalability and speed. The partnership with Circle, the issuer of USDC, adds another layer of utility, reinforcing Solana’s role in the future of digital payments. Institutional demand is clear. CME’s Solana futures reached a record 1.75 million contracts traded in a single day, while open interest surged to $6.14 billion. Traders are actively pricing in higher volatility and upside. Meanwhile, the Fear & Greed Index remains neutral at 48, creating an environment where altcoins like SOL can rally independently of Bitcoin’s price. As resistance builds near the 23.6% Fibonacci level at $166.85, many believe the right trigger, such as regulatory clarity or more enterprise deals, could send SOL past $250 in the coming months.

On June 24, 2025, trading activity for Solana (SOL) futures reached a record high on the Chicago Mercantile Exchange (CME). The future was transacted 1.75 million contracts, or the largest volume ever seen on the platform in the SOL futures. The sudden increase in volume indicates expanding participation from institutional investors. CME contracts are structured to serve the needs of professional market participants, including hedge funds and asset managers. This jump in trading points to rising interest in Solana from major financial institutions. The volume of trading in futures has increased along with the price of Solana reaching $145. This price action followed a spell of price volatility, and this could mean that the tide may change in sentiment in the market. A chart released by Glassnode illustrates the noticeable jump in both price and futures activity through June. Earlier in the month, volumes were lower despite price fluctuations. The sharp increase in trading activity occurred as SOL approached the $145 mark, signaling greater confidence among investors. This inducement of increased futures market volume has the potential of increasing price variation since futures trading is a leveraged trade. The more leverage is used, the greater the gains and losses will be. Position liquidations that could occur due to the quick movement of markets might cause more price volatility. This latest milestone underscores Solana’s growing recognition in the broader digital asset market. The scale of institutional involvement was less evident a year ago. Today, Solana futures are drawing attention alongside Bitcoin and Ethereum in regulated financial markets. The fact that CME futures reached a new peak volume proves that the Solana platform has successfully acquired a solid position among institutional investors. As the number of people increases and the markets of futures trading expand, Solana is gradually gaining its strength in the global infrastructure of the crypto market.

The Solana blockchain network is accelerating at an incredible pace, and as a result, the network has experienced significant growth while hitting some notable milestones. In a recent report, Solana detailed the network development cycles observed over the past few months, which have resulted in massive network growth for different substructures within the Solana ecosystem. A remarkable feat attained this year is reflected in Solana’s network performance, according to the updated network performance status recorded since the last report. On certain occasions, Solana recorded 200 million daily transactions, while daily DEX volume hit $398 billion. Liquidity inflows soared to $200 million, and new wallet downloads crossed 400,000. The network has remarkably maintained 100% uptime for more than 15 months. Solana’s app revenue has displayed a thriving ecosystem, indicating a rise in funding and economic incentives. A chart depicting revenue growth shows that app revenue for the network has soared consistently since the third quarter of 2023, with the past two quarters displaying a major increase, as app revenue crossed the $1 billion mark. Due to the stress test established due to the high network activity recorded over the past months, the report revealed that several improvement opportunities had been spotted and subsequently strengthened. Fee throughput was boosted by 80% courtesy of a new scheduler. Lastly, developer momentum has drawn new users into the network, further indicating that network strength has been heightened over time. Notably, developers are a key part of network growth, as they are responsible for building network applications designed to attract new users and draw in new developers. The report revealed that Solana had emerged as the number 1 blockchain ecosystem for new developers joining the network, with more than 3,200 monthly active developers and more than 83% year-over-year growth, with 7,625—the highest developer count exploring the network in the previous year.