The total amount of DOGE open interest in the entire network rose to 16.24 billion, a record high, with a monthly increase of 48%.

Mars Finance News, on July 18, according to Coinglass data, the total open interest of standard and perpetual contracts globally has risen to a record level of 16.24 billion Doge (approximately $4 billion at current prices), with a monthly increase of 48%, surpassing the historical peak of 14.31 billion in January this year. Coindesk analyst Omkar Godbole stated that the number of open contracts reflects the active contract scale at a specific time, and its synchronous rise with price is usually viewed as a trend confirmation signal. Currently, the Doge perpetual contract funding rate remains positive, indicating strong leveraged long demand - such demand often intensifies price volatility.