PANews reported on March 18 that according to Cointelegraph, Solana futures were traded for the first time on the Chicago Mercantile Exchange (CME) Group's U.S. derivatives exchange on March 17. According to preliminary data on the CME website, on March 17, the first trading day of the contract, SOL futures representing a notional value of nearly 40,000 SOLs changed hands on the exchange, which is close to $5 million at current prices.

Early pricing data suggests traders may be bearish on SOL. CME does not release final data on daily trading volume until the next business day. CME data shows that the April futures contract is trading at $127 per SOL - $2 per token lower than the March expiration contract.

On March 16, trading companies FalconX and StoneX said they completed the first SOL futures transaction on CME. Earlier in February, CME planned to list two types of SOL futures contracts: a standard contract representing 500 SOLs and a retail-friendly "micro" contract representing 25 SOLs.