Solana price hits 2+ year high — Is a new SOL all-time high on the way?
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Solana’s native token, SOL (
SOL futures 8-hour funding rate, %. Source: Laevitas.ch
A positive funding rate indicates that long positions (buyers) are paying for leverage, which typically fluctuates between 0% and 2% per month in neutral markets. The recent surge to 5% on Nov. 10 suggested a temporary over-enthusiasm, but the latest data from Nov. 11 shows a neutral leverage cost of 1.8% monthly.
In terms of onchain and derivatives metrics, SOL appears to be on a path to achieving an all-time high, bolstered by increased network activity and no signs of excessive leverage.
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