Solana’s CME futures went live on March 17 with a trading volume of $12.1 million on the first day, significantly lower than that of Bitcoin and Ethereum. Despite this, analysts are hesitant to label it a failure. When adjusting the trading volumes relative to market capitalization, Solana's performance appears closer to Ethereum's than it does to Bitcoin's. The normalized trading volume for Bitcoin was the highest at 0.0319%, followed by Ethereum at 0.0173% and Solana at 0.0166%. The lack of a significant price movement following the launch may indicate diminished investor excitement, contrasting with past performance of BTC and ETH following their respective CME futures introductions. Historically, Bitcoin experienced a market correction while Ethereum saw substantial gains post-launch. Long-term, Solana’s inclusion in the CME could enhance its liquidity and attract institutional interest as favorable market conditions evolve, potentially improving its trading dynamics over time.

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