Solana Futures Open Interest Tops $500 Million After Network Upgrade Spurs Activity

Solana (SOL) is back in the spotlight as derivatives activity accelerates following a major network upgrade, a combination that markets often interpret as a sign of returning risk appetite and renewed attention to the chain’s fundamentals.

Per recent market data, SOL’s perpetual futures open interest pushed above $500 million, marking its highest level in roughly nine months after a surge in trading activity that followed the July 29 network upgrade (Tuesday ET). Spot pricing has hovered around $73.64, with 24-hour trading volume reported at about $1.59 billion. Solana’s market…  Read more

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