Despite the overall downturn in the cryptocurrency market, the derivatives market for Shiba Inu has performed strongly, with open interest rising by 3.42%, and traders settling 110.3 trillion SHIB. This reversed the decline of Bitcoin and XRP, both of which saw their open interest decrease by about 2%. The price of SHIB rose by 0.59% to $0.000007174, breaking the previous downward trend. Gate.io dominates SHIB futures trading, holding $107.17 million in open interest, accounting for 38.8% of the total open interest.