Dogecoin has overtaken Bitcoin, Ethereum, and XRP in futures market activity, according to the latest CoinGlass data.

Open interest in Dogecoin futures rose 5.09% over the past 24 hours. Open interest measures the total value of active derivatives contracts and is often used to track trader conviction and short-term market momentum.

DOGE Leads the Futures Market

Dogecoin’s futures open interest reached $1.79 billion, while daily futures volume climbed to $3.99 billion. That marks an 81.62% increase over the same period.

The contrast with the rest of the market is clear.

Bitcoin’s open interest fell 0.36%, while Ethereum’s rose only…