Top 10 Cryptos by Derivatives Trading Activity: Spotlight on CORE, ONDO, Bitcoin (BTC) and Others
According to @CryptoBusy, a crypto enthusiast and analyst, several altcoins are currently experiencing high open interest rates in the derivatives market. This indicates strong trader participation and liquidity in these cryptocurrencies.
What you'll learn 👉
What is Open Interest?
Open interest refers to the number of outstanding derivative contracts, such as futures or options, that have been traded but not yet settled. A high open interest rate implies significant trading activity and interest from market participants.
@CryptoBusy explains, “High open interest typically implies good liquidity in the derivatives market, as there are many buyers and sellers active in the market.”
Top Altcoins with Highest Open Interest Rate
- $CORE: A Bitcoin-powered, EVM-compatible blockchain that combines delegated Proof-of-Work and delegated Proof-of-Stake. It offers a unique hybrid consensus mechanism.
- $ONG: The high-speed, low-cost public blockchain aims to bring decentralized identity and data solutions to Web3. It focuses on privacy and security.
- $OM: Unlocking the $16 Trillion RWA (Real-World Assets) economy with a regulation-ready blockchain. It targets tokenization of real-world assets.
- $ONT: The utility token of Ontology, a blockchain platform for decentralized identity and data exchange.
- $BLZ: Transforming decentralized data storage networks with storage nodes on user devices. Users can earn rewards for contributing storage.
- $NEO: An open network for the smart economy, enabling decentralized applications and digital assets.
- $PENDLE: A protocol that enables the tokenization and trading of future yield, allowing users to speculate on and hedge against changes in yield rates.
- $CFX: A layer-1 blockchain powered by China, focused on scalability and decentralization.
- $ONDO: A market leader in the tokenization of real-world assets (RWA), enabling fractional ownership and liquidity for illiquid assets.
- $BTC: The king of cryptocurrencies, Bitcoin, continues to dominate the market and attract significant trading interest.
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Show more +Diverse Projects, Unified Interest
These altcoins represent a diverse range of blockchain projects, from infrastructure solutions to decentralized finance (DeFi) protocols and real-world asset tokenization platforms. Their high open interest rates indicate substantial trading activity and liquidity, making them potentially attractive for traders and investors.
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