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Zcash Open Interest Hits Record $3.67 Billion Amid 42% Daily Surge

Zcash Open Interest Hits Record $3.67 Billion Amid 42% Daily Surge

ZK futures open interest recorded a new peak after a 453.92% daily increase, with Binance and Bybit dominating exchange holdings valued at over $73 million combined.

ZEC
ZK

Summary

ZK futures open interest surged 453.92% in 24 hours to a record 2.016 billion tokens valued at $138 million, according to Coinglass. Binance leads with 696 million tokens worth $47.74 million, followed by Bybit with 380 million tokens valued at $26.07 million. This milestone reflects unprecedented trading activity in ZK derivatives.

Terms & Concepts
  • Open Interest: The total number of outstanding derivative contracts, such as futures, which have not yet been settled.
  • Futures Contracts: Agreements to buy or sell an asset at a predetermined price at a specified future date.