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Rocket Pool price has surged 29% in the past 24 hours to break above $6, with this coming amid a 150% spike in open interest.
As several altcoins rose alongside Ethereum ($ETH), holders of the native token of decentralized Etherum staking protocol Rocket Pool ($RPL) witnessed an impressive 29% price increase. The 24-hour gains extended the uptick from support below $5 for $RPL.
Notably, the liquid staking protocol’s gains came with a massive 800% increase in daily trading volume. Data from Coinglass also showed Rocket Pool commanding a 150% jump in open interest. OI is a metric analysts use to gauge market sentiment around a particular token, with factors such as liquidity and likely price movements also notable.
The surge in $RPL futures open interest highlights the confidence traders are showing in the altcoin. Per Coinglass, the Rocket Pool open interest stood at over $22.5 million on June 3, 2025 – up from under $9 million on May 31.
Rocket Pool’s integration with Chainlink to allow for users to transfer the liquid staking token Rocket Pool $ETH between Ronin Network and Ethereum, is also a key recent development.
According to DeFiLlama, Rocket Pool has over 690k in staked $ETH and more than $1.8 billion in total value locked. The Chainlink integration that brings cross-chain token transfers for rETH expands this capacity.
$RPL is retesting the price level last seen in mid-May, and a breakout brings the psychological $10 level into view.
As well as the rally for $ETH boosting related tokens such as Aave, Lido DAO and Arbitrum, Rocket Pool has moved higher after bears staged a comeback around $5.79.
Coinbase adding trading support for $RPL in Germany alongside other seven tokens had helped Rocket Pool price hit the resistance line. New momentum means buyers may be on the verge of another leg up above $6.
$RPL price reached highs of $12 on February 11, 2025.