Cardano Open Interest Surges Amid Market Volatility, Reaching $940 Million

Despite market turbulence, Cardano (ADA) traders remain bullish, evident in a significant surge of open interest in the past 24 hours. CoinGlass data reveals that the ecosystem’s open interest increased by 1.98%, totaling 1.25 billion ADA or $940.70 million committed to Cardano futures markets. 📈 Binance and Bitget lead the pack, with over 41% of total open interest, followed closely by Bybit and Gate.io. Other notable contributors include OKX, MEXC, Bitunix, and WhiteBIT.