ENA Contract Surges on CEXs, Reaching Maximum Negative Fee Rate

The ENA contract on major centralized exchanges (CEXs) has reached the maximum negative fee rate, with a 195.74% increase in the total network contract trading volume. According to data from Coinglass, the mainstream CEXs have reached the limit negative fee rate on the ENA contract, including:

· Binance: -0.2199%

· Bybit: -0.3646%

· Bitget: -0.221%

· Gate: -0.2707%

In addition, the total trading volume of ENA contracts on the entire network is currently reported at $14.13 billion in the past 24 hours, with a 24-hour increase of 195.74%. The total open interest of ENA contracts on the entire network has reached $357 million. It is worth noting that despite the significant increase in contract trading, the 24-hour liquidation amount is only $4.41 million (both long and short positions liquidated).

The surge in ENA contract trading volume and open interest suggests an increased interest and participation in the ENA market. However, the relatively low liquidation amount indicates that the market remains stable despite the high trading activity. As the ENA contract continues to gain traction on major CEXs, it will be important to monitor the market's performance and any potential changes in trading dynamics.