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Solana CME futures volumes reach $12.1M: Was the launch a dud, or is more to come?

Solana’s CME futures trading volume was well below the BTC and ETH day one launches, but analysts are reluctant to label it a failure.

Throughout the current bull market, spot ETF approvals and CME futures contract launches have consistently boosted investor sentiment and put wind behind the sails of various cryptocurrencies. Comparing the normalized volumes adjusted for the market cap differences of BTC, ETH and SOL on their first CME futures trading day provides a fairer comparative analysis.

Normalized volume measures trading activity relative to a crypto asset’s market cap, offering a transparent evaluation across different cryptocurrencies. This metric is valuable since it allows an understanding of institutional engagement with respect to a crypto asset’s market cap.

https://cointelegraph.com/news/solana-cme-futures-volumes-reach-12-1-m-was-the-launch-a-dud-or-is-more-to-come