XRP And Solana Set New $3 Billion All-Time High As Interest Explodes

XRP and Solana futures and options open interest on the CME hit a record $3 billion on Monday. This milestone indicates growing institutional interest in these cryptocurrencies. Both XRP and Solana are increasingly viewed as viable alternatives to Bitcoin and Ethereum by institutional investors. The surge in open interest signifies investor confidence and active participation in the market. The data includes approximately 9,900 XRP contracts and 17,400 Solana futures contracts. CME introduced these products less than a year ago, with Solana futures launching in March and XRP futures in May. The CME plans to offer 24/7 trading for crypto futures and options starting in early 2026, pending approval. Solana futures reached $1 billion in open interest within five months, while XRP achieved the same in three months. Options on XRP and Solana futures have also been introduced to expand the derivatives portfolio. This expansion reflects the increasing sophistication of institutional participation in these markets.