Crypto
$1.8B Leverage Trap Builds on Solana as Traders Pay Highest Rate in 11 Months
A significant amount of leverage is building on Solana as traders pay an 11-month high rate to defend $78.
The aggregated funding on SOL perpetual futures has climbed to its highest level since September 2025, according to Velo data.
Solana's futures open interest sits near $1.8 billion, equal to roughly 23.1 million SOL in notional exposure at current prices.
Most major venues, including Binance, Bybit, Hyperliquid and OKX, show positive funding near 0.01% every eight hours.