Key Notes

Solana perpetual open interest has now gone above the $7 billion mark.

SOL price is currently pegged at $218.04 amid a shift in sentiments.

The market is anticipating the potential approval of the spot SOL ETF in the US.

Solana SOL $214.3 24h volatility: 0.4% Market cap: $116.25 B Vol. 24h: $9.54 B is exhibiting a strong price performance, including a surge in perpetual open interest that has now gone above $7 billion.

The Solana price has extended beyond $200, suggesting that market participation is expanding. The focus is now on the next price target for SOL.

Solana Ecosystem Records Surge in Market Participation

Solana currently has the attention of the broader cryptocurrency market as its perpetual futures open interest surged past the $7

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