SkyAI Token Jumps 70% as Open Interest Rises to 537 Million
Coinglass data shows SKYAI contract open interest increased sharply within 24 hours, with Binance holding 54.39% of the total, pointing to concentrated derivatives activity.
Summary
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Terms & Concepts
Open interest: The total number of outstanding derivatives contracts that remain active and have not been closed or settled.
Derivatives contract: A financial agreement whose value is linked to an underlying asset such as a cryptocurrency token.
Binance: A major cryptocurrency exchange that can account for a large share of trading and derivatives activity in specific tokens.