Solana Derivatives Market Signals Strong Bullish Momentum Despite Price Lag
Solana’s derivatives market has shown remarkable resilience and bullish sentiment, maintaining an 83-day streak of net long positioning—the longest such stretch since its 2021 rally. This sustained Optimism in the derivatives space contrasts with the lagging spot prices, highlighting a potential divergence that could signal future price movements. The 90-day cumulative volume delta (CVD) has swung dramatically from -261.75 in January to +183.8 by May 13, marking a 445.5-point reversal that nearly erased the risk-off sentiment seen earlier in 2024. This shift underscores the growing influence of futures contracts in driving price discovery for Solana. Despite the enthusiasm in derivatives, the spot price of SOL has yet to catch up, currently trading at 169.15000000 USDT. This discrepancy between derivatives and spot markets may present opportunities for traders and investors as the market continues to evolve.
Solana Derivatives Show Sustained Bullish Sentiment Despite Price Lag
Solana’s derivatives market has maintained an 83-day streak of net long positioning, the longest bullish stretch since its 2021 rally. Futures contracts are now driving price discovery, with the 90-day cumulative volume delta (CVD) swinging from -261.75 in January to +183.8 by May 13—a 445.5 point reversal that nearly erased 2024’s earlier risk-off sentiment.
Spot prices haven’t mirrored derivatives’ enthusiasm. SOL trades at $183, still 30% below its peak, creating a notable divergence between paper and physical markets. The persistent futures demand suggests institutional traders are rebuilding exposure, potentially foreshadowing a catch-up rally.
Solaxy Raises $35M in Presale Amid Solana’s Price Surge
Solana’s native token has surged 35% month-over-month to trade NEAR $180, reflecting renewed institutional interest as macroeconomic pressures ease. The network solidifies its position as a hub for decentralized applications and real-world asset tokenization.
Solaxy, a Layer-2 scaling solution for Solana, capitalizes on this momentum with $35 million raised in its ongoing presale. The project attracted $500,000 in the past 24 hours alone, signaling strong market confidence in Solana’s ecosystem expansion.
Sygnum Bank Now Accepts Staked SOL as Collateral for Fiat Loans
Sygnum Bank, a Swiss digital asset-focused institution, has expanded its crypto-backed lending services by accepting staked solana (SOL) as collateral for multi-currency loans. Clients can now borrow in Swiss francs, euros, Singapore dollars, or U.S. dollars while continuing to earn staking rewards on their SOL holdings.
The move capitalizes on growing institutional demand, which has driven a 100% increase in Sygnum’s crypto lending volume. "This creates dual-income potential from a single crypto asset," the bank noted, framing the product as a liquidity solution for long-term holders.
Lombard loans with staked SOL collateral represent the latest innovation in Switzerland’s progressive crypto banking landscape. Sygnum’s offering mirrors broader industry trends where staked assets increasingly function as productive capital rather than idle holdings.
TassHub Launches Beta Web3 Marketplace on Solana, Empowering Creators with Crypto Monetization
TassHub, a creator-centric Web3 platform, is set to launch its beta marketplace on May 23rd, offering a censorship-resistant alternative to traditional Web2 platforms. The platform leverages Solana’s high-speed blockchain and its native $TASSHUB token to enable artists, freelancers, and influencers to monetize content while retaining control over their audience and revenue streams.
Unlike conventional platforms plagued by high fees and arbitrary censorship, TassHub promises a decentralized solution tailored for diverse creators, including adult content producers. The MOVE highlights the growing demand for blockchain-based alternatives in the digital content economy.
