BLZ and LPT Future Contracts Experience Over 2 Billion Dollars in Trading Volume

Crypto News– Notably, these statistics establish new historical records. Both Binance and Bitget declared an extraordinary annualized negative fee rate of 2,700% for BLZ, accentuating the intense enthusiasm surrounding the token. Concurrently, over a 24-hour period, the token’s value surged an impressive 42%, triggering a remarkable short squeeze in the market.

BLZ and LPT Future Contracts Experience Over 2 Billion Dollars in Trading Volume

BLZ operates as the foundational token for the Bluzelle platform, providing specialized database storage services tailored for decentralized applications (dApps). Bluzelle introduces a dual-token structure: BLZ, an ERC-20 token available for trading on various exchanges, and BNT, an internal token designated for non-exchange transactions.

On another note, LPT futures observed a significant drop in rates, with Binance, OKX, and Bybit displaying annualized negative rates surpassing 2,000%. Following a swift price escalation of more than 50% just the previous day, LPT encountered a short squeeze, contributing to further fluctuations in the market. Impressively, LPT perpetual contracts on Binance accumulated a trading volume surpassing $4 billion, outpacing even BTC and securing the leading position.

Livepeer, a platform facilitating decentralized video streaming, employs LPT as a means of payment for live streams within its ecosystem. Similar to AIOZ, Livepeer serves as a pivotal infrastructure in this domain. LPT stakeholders actively contribute to network reinforcement, heightened security, and overall functionality.

These developments collectively underscore the pivotal roles these tokens play within their respective ecosystems, instigating noteworthy shifts in the market.