Solana (LEFT) Breaks Record! Hot Development for Solana (SOL) and Cardano (ADA)!
Interest in derivatives markets is growing among cryptocurrency investors. Delta Exchange, which can be used for derivatives trading with crypto, announced today that it has launched futures for Solana (SOL) and Cardano (ADA). Futures will be activated for different timeframes in the near future.
Delta Exchange Announces
According to the announcement, transactions can be opened on daily, weekly and monthly maturities. The platform currently allows options trading for Bitcoin (BTC), Ether (ETH), XRP (XRP), Bitcashpay (BCP), and Binance Coin ( BNB ). The stock market, which started its activities in the middle of 2020, will now make futures transactions in 7 different crypto currency options, with the announcement it made today.
Derivatives markets have grown significantly this year, especially for cryptocurrencies. Of course, the regulatory pressure didn’t let up either. Binance recently had to suspend derivatives trading for its Hong Kong clients.
The recovery of crypto money markets as of last month has also led to an increase in derivatives trading volume. Demand, which has more than doubled compared to June, shows that risk appetite has also grown. Derivatives-focused exchanges such as FTX , Bybit and Delta are expected to grow further in the market by taking their share of this demand.
Solana (LEFT) Renews ATH
SOL seems unaffected by the recent drop. The price just went up to $187. The price, which broke above its pre-fall level, reached $198. In the review article published in the evening, the possibility of continuing the rise was mentioned.
Solana ( SOL ) is using the growing interest in NFT and DeFi as fuel. Both areas have exploded in the last few months. Especially , we saw that NFTs experienced a demand explosion with the news of Visa last month . Solana (SOL) price, which was $ 20 about 50 days ago, has reached the $ 200 limit, which will increase almost 10 times today.
Continuing the uptrend, Solana (SOL) is the largest network in terms of transaction volume. Due to the high gas fees of Ethereum (ETH), the demand for alternative networks is increasing. Many dApps and DeFi use SOL network instead of ETH as it is more attractive.
Transaction fees, which go up to $200 on the ETH network, remain at just $0.025 on the Solana (SOL) network.