Key Points
- Binance Futures will launch LUMIAUSDT Perpetual Contract at 11:30 as we speak.
- LUMIA’s market cap spiked by over $12 million following Binance’s announcement.
Binance introduced the launch of one other futures contract as we speak – Lumia (LUMIA).
Binance Futures revealed that it’s going to launch the LUMIAUSDT Perpetual Contarct with as much as 75x leverage at 13:00 (UTC).
The trade continues to launch futures contracts to develop buying and selling decisions for customers and improve their total expertise on the platform.
Following Binance’s announcement, LUMIA’s value recorded a spike.
LUMIA’s Market Cap Spiked by Over $12 Million
Ahead of Binance’s futures itemizing announcement, LUMIA had a market cap of round $160 million and it spiked above $172 million after the trade introduced the itemizing of the LUMIAUSDT Perpetual Contract.
At the second of writing this text, LUMIA is buying and selling at $1.84, after reaching a value above $1.94 earlier. Now, the coin has a market cap of over $163 million.
Since December 17, when LUMIA traded at round $2.12, the coin had a descendant trajectory, besides its value spike triggered by Binance’s announcement.
$1 Billion in Tokenized Real Estate is Coming to Lumia
Yesterday, the crew behind the mission introduced through a publish on X that over $1 billion in tokenized actual property is coming to Lumia. The crew instructed followers that final week they voted and so they have been heard, and now it’s time to meet their request.
Tokenized industrial and residential properties over a number of continents, particularly for Lumians, are on their approach, the crew at Lumia wrote on X.
They continued and said that by onboarding belongings from Prop Chain Global (a series with digitally empowered actual property), Lumia provides the market calls for and proves that it’s a frontrunner in RWA.
Lumia’s scalability, liquidity, and innovation are making it doable to realize new tiers in the true property market and RWAs are actually one step nearer to $10 trillion.
What is Lumia (LUMIA)?
Lumia is a blockchain that gives an answer throughout your complete life-cycle of RWAs from asset tokenization, to liquidity aggregation and connective to tens of millions of DeFi and Web3 customers, in keeping with the mission’s crew.
Lumia might be damaged down into two segments:
- Lumia Chain – Engineered for RWAs
- Lumia Stream – Designed to convey liquidity to illiquid RWAs
LUMIA is the utility token that powers the Lumia ecosystem.
