XRP Futures Volume Overtakes Solana on Kraken for First Time Amid Price Surge to Record High
XRP just flipped the script—futures trading volume on Kraken surged past Solana's for the first time ever as its price smashed through all-time highs. Traders are piling in, and the charts look like a rocket launch trajectory.
Why the sudden frenzy? Speculation's running wild—maybe it's the regulatory clarity (finally), or just the market chasing the next big momentum play. Either way, XRP's stealing Solana's thunder, at least for now.
Meanwhile, the usual suspects—whales and algo traders—are probably front-running retail. Classic crypto. One thing's clear: when volume talks, the market listens. But will this rally hold, or is it just another pump before the inevitable dump?
Solana rules in open interest
XRP has consistently been larger than SOL in terms of market capitalization. Currently, XRP boasts a market value of $184 billion, almost double SOL's $97 billion.
Still, open interest in XRP futures remains smaller than SOL, suggesting a dominance of holders in the XRP market and more speculation in SOL. Open interest refers to the number of active or open contracts at a given time.
As of the time of writing, cumulative open interest in Kraken-listed SOL/USDT and SOL/USD pairs was roughly $55 million versus XRP's $34 million, according to data source Coinglass.
The global open interest in XRP was $8.53 billion, trailing SOL's $10.69 billion. Bitcoin and ether were market leaders, with $83 billion and $55 billion in open interest.
