BNB Chain Outperforms DOGE, XRP With 35% Open Interest Surge

The increase comes as traders position themselves for potential volatility and price movement, with BNB posting significant gains among the top 10 cryptos.

Tomiwabold Olajide · 31 May 2026 · 4 min read

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BNB Chain Outperforms DOGE, XRP With 35% Open Interest Surge

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Tomiwabold Olajide

Sun, 31/05/2026 – 13:01

The increase comes as traders position themselves for potential volatility and price movement, with BNB posting significant gains among the top 10 cryptos.

BNB Chain Outperforms DOGE, XRP With 35% Open Interest Surge

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Traders have been adding to positions in the native token of BNB Chain, which has seen open interest climb as much as 35%.

According to CoinGlass data, BNB’s open interest is up 35% in the last 24 hours to $1.43 billion. The open interest surge outperforms that of major cryptocurrencies Dogecoin (DOGE) and XRP in terms of percentage increase. The latter were unchanged in their open interest over the last 24 hours. Dogecoin’s open interest was down 0.01% while XRP fell 0.56% in the same metric.

The surge in open interest for BNB also coincides with a spike in derivatives market activity even as other major cryptocurrencies saw their trading volumes fall. BNB’s volume in the derivatives market rose 270% in the last 24 hours to $5.18 billion, according to CoinGlass data.

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BNB gains attention

The increase in open interest for BNB signals an increase in inflow of capital into BNB-linked futures and perpetual contracts. This coincides with a BNB price increase in the last 24 hours, with the cryptocurrency outperforming the top 5 in daily and weekly gains.