Cardano has mostly flown under the radar recently, despite being one of the best-performing large-cap altcoins over the last year. Just like the ADA price, the Cardano open interest has also stealthily been on the rise and has even reached all-time high levels amid all the ruckus. Even with the market correction, the open interest has continued to trend high, and with this heightened participation, it could trigger another wave of uptrend for the cryptocurrency.

How High Is Cardano Open Interest?

According to data from Coinglass, the Cardano open interest has already beaten its previous all-time high that was set back in January 2025. On August 18, the open interest had risen to $1.87 billion, recording the highest point so far.

This new all-time high had come after weeks of steady

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