Solana Leads Five-Coin Futures Markets With an 8.72% Open-Interest Drop

Solana (SOL) had the steepest 24-hour open-interest decline among five crypto perpetual-futures markets in a Nov. 13 snapshot, while Dogecoin (DOGE) posted the highest funding rate. Open interest fell for all five assets, but every funding rate remained positive. At 6:02 p.m. ET, SOL open interest stood at $718.0 million, down 8.72% over 24 hours. Open interest measures the dollar value of derivatives positions that remain open, so the reading tracks the value of outstanding positions rather than trading volume. Positive funding means traders holding long positions pay those holding short positions.