Solana’s $7 Billion Open Interest: Are Investors Getting Too Excited? 🤔
According to the on-chain analytics team at Glassnode (who probably spend more time with numbers than we do with our own families), Solana’s Open Interest has been climbing as the price of SOL continues to be one of the few shining stars in a galaxy full of market chaos. Basically, Open Interest tracks the total amount of perpetual futures positions tied to SOL that are currently open. Yes, it includes both short and long contracts, because we can’t have just one side of the story. 🙄




