XRP and SOL open positions have reached 3 billion dollars.

Ripple (XRP) and Solana (SOL) open positions have reached a historic high of 3 billion dollars. This significant increase indicates that both institutional and individual investors are rekindling their interest in the altcoin market.

One of the largest derivatives exchanges in the world, CME Group, played a key role in surpassing the 3 billion dollars mark in open positions for XRP and SOL futures. According to CME data, there were 9,900 XRP and 15,600 SOL futures positions active on the platform on Monday. These figures show that investor interest in regulated crypto products is rapidly increasing.

Tim McCourt, President of CME Global Equity and Currency Products, stated at the Token2049 conference held in Dubai, "Regulation-compliant futures provide investors with a safe way to gain exposure to digital assets." This situation stands out as one of the underlying reasons for the trust in the markets.

Especially, Solana's futures surpassed the 1 billion dollars open position threshold within just five months after their launch in March. Similarly, XRP futures achieved the same success within just three months after their launch in July. Experts predict that this performance could herald a new revival in the altcoin market.

Institutional investors showing greater risk appetite on regulated platforms may trigger an increase in liquidity for major altcoins outside of Ethereum in the coming period. CME's impressive success raises the question of whether an altcoin season in the crypto derivatives market is about to restart.