The total contract trading volume and open interest across the network are still 70.5% and 6% below the annual highs of January and February

According to Coinglass data, as of May 19, the total trading volume of contracts across the network was $305.47 billion; the total open interest of contracts was $142.036 billion. In comparison, on January 19 of this year, the peak total open interest across the network was $150.615 billion; on February 4 of this year, the peak total trading volume across the network was $563.018 billion.