{"id":39510,"date":"2025-07-30T10:17:10","date_gmt":"2025-07-30T10:17:10","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=39510"},"modified":"2025-07-30T10:17:10","modified_gmt":"2025-07-30T10:17:10","slug":"xrp-futures-volume-on-kraken-eclipses-sol-for-1st-time-as-price-soars-to-record","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=39510","title":{"rendered":"XRP Futures Volume on Kraken Eclipses Sol for 1st Time as Price Soars to Record"},"content":{"rendered":"
\n

XRP (XRP) perpetual futures listed on the U.S.-based Kraken exchange have become more popular than their sol (SOL) counterparts for the first time.<\/p>\n

Trading volumes on Kraken-listed XRP perpetuals have topped $3.48 billion this month, outpacing the Solana token’s tally of $3.23 billion, Kraken told CoinDesk. The exchange listed the XRP perpetual futures in 2022.<\/p>\n

XRP has also stolen the show in terms of price performance. The payments-focused cryptocurrency’s price has surged over 40% this month, hitting a record high of $3.66. Meanwhile, programmable blockchain Solana’s SOL has risen only 17% to $181, CoinDesk data show.<\/p>\n

Commenting on the volume, Alexia Theodorou, the head of derivatives at Kraken, said that it’s a clear reflection of renewed optimism around XRP.<\/p>\n

“It’s driven by growing market confidence following the SEC lawsuit resolution and reinforced by the election of a more crypto-friendly administration,” Theodorou told CoinDesk. “XRP has been one of the biggest beneficiaries of the pro-crypto momentum shift in the U.S., with the spot price climbing from around $0.50 right before the election to a new ATH.” <\/p>\n

He added that XRP has become a key focal point for traders speculating on the trajectory of the broader crypto market.<\/p>\n

Solana rules in open interest<\/h2>\n

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.<\/p>\n

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. <\/p>\n

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. <\/p>\n

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.<\/p>\n

Read: Ripple Applies for Federal Bank Charter, XRP Jumps 3%<\/a><\/em><\/strong><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

XRP (XRP) perpetual futures listed on the U.S.-based Kraken exchange have become more popular than their sol (SOL) counterparts for the first time. Trading volumes on Kraken-listed XRP perpetuals have topped $3.48 billion this month, outpacing the Solana token’s tally of $3.23 billion, Kraken told CoinDesk. The exchange listed the XRP perpetual futures in 2022. […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-39510","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/39510","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=39510"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/39510\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=39510"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=39510"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=39510"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}