Digital Currency

Add as a preferred source on Google

Solana (SOL) Leads Five Crypto Markets With 4.55% Open-Interest Gain

Ether (ETH) was the only decliner in the Nov. 10 reading; funding rates were above zero across all five markets.

Updated 1 min read
A comparative graphic depicts open futures positions across five cryptocurrency markets. / TokenPost.ai (mono)
A comparative graphic depicts open futures positions across five cryptocurrency markets. / TokenPost.ai (mono)

Solana (SOL) posted the sharpest 24-hour open-interest gain among five crypto perpetual-futures markets in a Nov. 10 snapshot, while Ether (ETH) was the sole decliner and funding stayed positive throughout.

At 6:01 a.m. ET (11:01 UTC) Tuesday, SOL open interest stood at $832.5 million, up 4.55%. Bitcoin (BTC) remained the largest market by that measure at $7.41 billion, a 3.06% rise. XRP gained 0.66% to $346.1 million, and Dogecoin (DOGE) added 0.18% to $168.1 million. ETH fell 0.33% to $4.75 billion.

Funding rates per eight-hour period were 0.0100% for SOL, XRP and DOGE, 0.0087% for BTC and 0.0040% for ETH. Under the snapshot’s positive rates, long accounts paid funding to short accounts.

Open interest totals the value of derivatives positions that remain open. The broad gains marked a shift from the Nov. 8 snapshot, when Dogecoin was the only one of the five markets to record a 24-hour increase.

Related articles

View all