All of the top five exchanges in RootData’s latest derivatives exchange ranking recorded lower 24-hour trading volumes. Binance processed about $21.033 billion, down 31.04%, followed by OKX at about $4.7 billion, down 41.39%; Hyperliquid recorded $3.681 billion, down 31.01%; Gate handled $2.805 billion, down 43.16%; and Bitget recorded about $2.2 billion, down 26.92%. At the same time, open interest (the value of outstanding contracts) in crypto-native derivatives increased. Coinglass data showed total Bitcoin futures open interest at about 734,900 BTC, worth roughly $54.967 billion, up 5.65% over 24 hours, while Ether futures open interest reached about 13.1407 million ETH, worth approximately $30.917 billion, up 5.17%.