Crypto World News reports that XBIT DEX stated that open interest on the BNB chain surged 35% in the past 24 hours, reaching $1.43 billion, surpassing the performance of major cryptocurrencies DOGE and XRP. According to Crypto World News data, DOGE's open interest decreased by 0.01%, while XRP's declined by 0.56%. The trading volume of BNB derivatives also increased by 270%, reaching $5.18 billion. Meanwhile, BNB's price rose 7.35% in the past 24 hours, currently at $722, with a weekly increase of 10%. Analysts believe that the increase in open interest indicates traders are preparing for potential market volatility.

BNB-5.29%
DOGE0.14%
XRP-0.74%
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RetroRadioWaves
· 7h ago
1.58 billion in trading volume, this liquidity is impressive.
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NeonMeltsIceCream
· 14h ago
Derivatives up 270%, spot only 7%, the bullish and bearish views are quite divided.
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NFTeaTime
· 14h ago
OI increased by 35%, that's pretty intense. What are the funds hiding?
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GateUser-f85bc167
· 14h ago
Has there been any positive news announced recently about the BNB ecosystem?
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PositionLikeACat
· 14h ago
Veteran players seeing a surge in OI first think of pin insertion or breakthrough
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FeeMarketMonk
· 14h ago
The weekly increase of 10% outperformed most mainstream assets.
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雾里看TVL
· 14h ago
This data looks like the calm before the storm.
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StargazingWithAMirroredSphere
· 14h ago
It's already 722. How long ago was the last time this price level was reached?
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