Bitget App
Trade smarter
Open
HomepageSign up
Bitget>
News>
September 13 Futures Market Data

September 13 Futures Market Data

Bitget2024/09/13 06:31
By: Bitget
BTC-1.90%ETH-3.23%

LayerZero's Growth in Q2 2024: New Networks, $5B in Transfers, and ZRO Token

 
In Q2 2024, LayerZero significantly expanded its omnichain interoperability protocol, adding 12 new networks and facilitating $5 billion in crypto transfers. The average value per transfer increased by 78%, reaching over $400 per message. Ethereum saw a 26% rise in transfer volume, aided by lower gas fees from the Dencun upgrade and omnichain restaking. LayerZero also launched its ZRO token on June 20, 2024, with an airdrop to 1.28 million eligible wallets. This token grants governance control over LayerZero's fee mechanism and had a market cap of $860 million by the end of Q2.
LayerZero supports over 50,000 omnichain applications (OApps) across sectors like gaming, DeFi, AI, and cross-chain communication. Its protocol allows secure communication between 80+ blockchains through decentralized verifier networks (DVNs) and Executors, ensuring the validity and execution of cross-chain messages. Despite a drop in total message volume, the increase in transfer value per message highlights more significant use of the platform by genuine users.
 
Source: Messari

Futures Market Updates

In the past 24 hours, both BTC and ETH futures experienced declines in open interest, with BTC down 1.12% and ETH down 1.69%. Trading volumes also dropped significantly, with BTC futures volume falling by 29.27% and ETH by 39.02%. BTC liquidations were nearly balanced between long and short positions, while ETH saw higher long liquidations. The long/short ratios for both assets had a slightly higher short bias. ETH's funding rate of 0.0052% was higher than BTC's 0.0017%.
 

BTC Futures Updates

Total BTC Open Interest: $30.34B (-1.12%)
BTC Volume (24H): $50.36B (-29.27%)
BTC Liquidations (24H): $7.78M (Long)/$8.97M (Short)
Long/Short Ratio: 49.92%/50.08%
Funding Rate: 0.0017%
 

Ether Futures Updates

Total ETH Open Interest: $10.43B (-1.69%)
ETH Volume (24H): $15.97B (-39.02%)
ETH Liquidations (24H): $9.88M (Long)/$4.96M (Short)
Long/Short Ratio: 49.48%/50.52%
Funding Rate: 0.0052%
 

Top 3 OI Surges

BIGTIME: $79.97M (+139.06%)
CKB: $26.85M (+129.21%)
WEN: $2.10K (+102.91%)
 
 

 

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

Trending news

More
1
TAO Synergies Closes $11 Million Private Round for TAO Strategy
2
Enso Network launches mainnet and makes ENSO available on Ethereum and BNB

Crypto prices

More
Bitcoin
Bitcoin
BTC
$113,040.23
-2.36%
Ethereum
Ethereum
ETH
$4,115.55
-3.63%
Tether USDt
Tether USDt
USDT
$1
-0.03%
BNB
BNB
BNB
$1,221.15
-4.86%
XRP
XRP
XRP
$2.49
-5.36%
Solana
Solana
SOL
$199.94
-3.92%
USDC
USDC
USDC
$1
+0.03%
Dogecoin
Dogecoin
DOGE
$0.2034
-6.24%
TRON
TRON
TRX
$0.3161
-2.46%
Cardano
Cardano
ADA
$0.6945
-5.10%
How to sell PI
Bitget lists PI – Buy or sell PI quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now
Trade smarter