Solana Emerges Victorious Over Ethereum in Stablecoin Volume and Online Interest
Solana, the Layer 1 blockchain, recently achieved significant milestones, grabbing the attention of the crypto community.
Xu LinSolana, the Layer 1 blockchain, recently achieved significant milestones, grabbing the attention of the crypto community.
Xu LinAltcoins, led by Solana, XRP, and Dogecoin, have surpassed Bitcoin in open interest, marking a significant shift in the derivative market. Altcoins now command 41% of the market's open interest, totaling $12.22 billion, while Bitcoin's dominance has decreased to 39%. Ethereum also trails behind, despite increased funds in its futures market. The altcoin market, with a 66% volume dominance, is reshaping investor portfolios, showcasing a paradigm shift in cryptocurrency dynamics.
BerniceGolden Weekly is a weekly blockchain industry summary column launched by Golden Finance. The content covers key news of the week, market and contract data, mining information, project trends, technology progress and other industry trends.
JinseFinanceShiba Inu's open interest has diverged from the general crypto market trends, potentially impacting its price dynamics. The altcoin's struggle to match the open interest highs seen in other cryptocurrencies suggests a unique market position. While a drop in open interest may not spell disaster for SHIB's price, its close correlation with Bitcoin's recovery emphasizes the need for vigilant monitoring amid BTC price fluctuations.
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BitcoinistBitcoin open interest has been on a downtrend recently. This is not surprising given that the price of the digital ...
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