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As XRP continues to rise in 2025, another piece of good news has arrived.
XRP futures volume on Kraken has surpassed Solana trading volume for the first time, Coindesk reported.
XRP Surpasses Solana!
XRP futures trading volume on Kraken Exchange has surpassed Solana (SOL) futures volume for the first time.
According to the data, XRP futures volume reached $3.48 billion in July, surpassing Solana's volume of $3.23 billion.
Alexia Theodorou, head of derivatives at Kraken, said that the surge in XRP trading volume was due to the rally it experienced after the favorable resolution of the US SEC case and the arrival of a crypto-friendly US administration.
“While the price of XRP has increased by more than 40% this month, Solana’s increase over the same period has been only 17%.
The increase in XRP futures volume reflects renewed optimism towards XRP.
With the conclusion of the lawsuit between Ripple and the SEC, market confidence in XRP has increased.
Despite XRP's volume leadership on Kraken, Solana still dominates global futures open interest with $10.69 billion compared to XRP's $8.53 billion open interest.
*This is not investment advice.