Our weekly crypto derivatives analytics report dives into macro events, the current state of crypto and trading signals from spot trading volume and futures, options and perpetual contracts.

The U.S. presidential election is creating a volatility premium for options expiring after Nov 5, 2024. While longer-term volatility smiles have consistently favored out-of-the-money (OTM) calls, short-term options have recently mirrored this trend. This suggests that the decline in spot prices at the end of September hasn’t significantly dampened sentiment in the derivatives markets.

Please check out some of the report’s highlights.

Futures Activities Subdued After Month-End Expiration

Spot price volatility leading up to the Sep 27, 2024 futures expiration resulted in the highest trading volumes in futures contracts in over a month. This surge was primarily focused on BTC contracts, reflecting a trend we've seen throughout much of the market's recent history. The expiration of a substantial quarterly contract at the end of September caused a decline in open interest, as not all traders opted to roll their positions into later expirations. Consequently, futures activity is currently much lower compared to that in perpetual swap markets.

While the expiration of the September contract led to a significant drop in futures open interest, the effect on perpetual swap contract markets was comparatively mild. Although we observed a decline in perpetual open interest at the end of the month, this was likely due to the closure of long positions as spot prices retreated toward the lower end of their recent range. 

This shift halts an upward trend in open interest that had been approaching all-time highs, but it doesn’t indicate a major decline — especially considering the high trading volumes recorded over the last two days of the month.

BTC ATM Implied Volatility Falls Sharply Since Fed Rate Cut

Positioning in BTC options markets continues to be heavily influenced by the U.S. election narrative. This is most evident in the term structure, which indicates significantly higher volatility expectations following the election, while short-term options are trading at much lower levels. The rise in implied volatility for these shorter tenors contrasts with the recent decline in actual volatility, which has reached lows for the month as spot prices remain relatively stable. 

Over the past week, trade volumes have mirrored this shifting sentiment, showing similar activity in both puts and calls. However, neither trade volumes nor open interest levels have surpassed recent figures, reflecting the range-bound nature of BTC spot prices, which remain influenced by broader macroeconomic factors.

Advanced

BlockSholves X Bybit Tech Report

Bybit X Block Scholes Crypto Derivatives Analytics Report (Oct 2, 2024): Positive Sentiment Persists Following Recent Decline in Spot Prices

Sui has made history as the first blockchain to adopt SCION, a secure alternative to the Border Gateway Protocol (BGP), which protects against Internet routing attacks.

The SPX index was up by 0.01%, with energy, technology, and financial sectors performing well, while consumer discretionary, staples, and communication services lagging. Geopolitical tensions in the Middle East also remained in focus. Coindesk Indices, an index measuring broader cryptocurrency market performance was down by 1.56%, with Bitcoin and Ether dropping by 2.48% and by 2.65%, respectively in the past 24 hours.

Today's top performer is W, which surged 10.1% following the launch of Wormholescan v2, featuring enhanced multichain data and developer tools.

Wormhole (W), launched in 2020, is a cross-chain protocol that facilitates communication and token transfers across over 30 blockchain networks. Originally a crypto bridge between Solana and Ethereum, it has expanded to include features like the Portal token bridge and messaging protocols, serving as a comprehensive platform for cross-chain interactions. 

, providing enhanced real-time multichain data for the Wormhole ecosystem. New features include token, chain, and protocol analysis, a governor dashboard, a dedicated analytics page, and a developer section with a VAA parser. Users can explore these updates at 

Check Out the Latest Prices, Charts, and Data of 

Sui has made history as the first blockchain to adopt SCION, a secure alternative to the Border Gateway Protocol (BGP), which protects against Internet routing attacks. SCION addresses security flaws in BGP that have led to significant problems on other networks by preventing malicious traffic rerouting. With SCION, Sui enhances network resilience, safeguards validators from hijacking and DDoS attacks, and boosts performance with reduced latency. This integration solidifies Sui's position as a top blockchain for secure, critical infrastructure applications, maintaining 100% uptime since launching its mainnet.

Yesterday, the total flow for BTC spot ETFs was -$39.2 million, with no flow for GBTC and a negative flow of $39.2 million for non-GBTC ETFs.

, allowing users to earn test XTM and Gems. To participate, users need to download the app via the provided link, install it, and mine tXTM to earn 25 Gems per 1 tXTM mined. More Gems lead to a larger Tari airdrop.

Beginner

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Sui Integrates SCION to Pioneer Blockchain Security Against Internet Routing Attacks

Eigenpie (EGP) is the ETH liquid restaking platform on EigenLayer enabling ETH and LST holders to earn rewards from multiple protocols while maintaining liquidity through liquid restaking tokens (LRTs).

, token holders are required to lock away their tokens for a long time through the 

 (PoS) consensus mechanism on the platform. While this structure helps keep the network liquid and secure, it’s a bit rigid regarding capital efficiency.

To counter this limitation, liquid staking protocols such as 

, which allows staked ETH to be used for other 

 (DeFi) activities, earning token holders extra rewards by issuing liquid staking tokens (LSTs).

However, liquid staking only allows assets to be staked in a single PoS blockchain. This limitation has led to the development of 

. It allows you to use staked assets to secure and earn rewards from multiple protocols through the use of 

One of the liquid restaking protocols operating on EigenLayer is Eigenpie, which lets you stake your staked assets to node operators in exchange for LRTs so you can earn rewards.

Let's examine Eigenpie more closely to see how it’s shaping the liquid restacking narrative in the DeFi ecosystem.

Eigenpie is a liquid restaking protocol within the EigenLayer ecosystem that allows you to earn passive income from both Ethereum staking and EigenLayer restaking while maintaining your assets’ liquidity through the use of LRTs. 

 ecosystem, Eigenpie aims to provide more utility for ETH holders in line with the broader vision of EigenLayer via liquid restaking.

As a native ETH holder or liquid staking participant, you can deposit your assets on Eigenpie, which then restakes them to node validators on EigenLayer. The node validators will then use these assets to power new 

 (AVS) on EigenLayer, allowing you as a token holder to earn extra rewards while maintaining liquid positions. Eigenpie has integrated with various DeFi platforms that let you use your LRTs to explore other yield-earning DeFi opportunities while accumulating Eigenpie points that qualify you for the EGP 

EigenLayer is an Ethereum restaking protocol designed to enhance the capital efficiency of your staked ETH by restaking it across different protocols. As a support layer for the Ethereum network, EigenLayer has a set of node validators who temporarily stake assets and verify transactions securely. Users who delegate their tokens to these node validators receive LRTs, which earn them rewards without unlocking their staked positions.

EigenLayer operates a system of AVS that allows projects such as sidechains, 

 to connect to its liquid restaking token protocols in order to secure their platforms without running full nodes.

As a novel isolated liquid restaking platform of EigenLayer, Eigenpie’s distinctive features include the following.

Eigenpie offers an innovative approach to liquid restaking by offering isolated liquid restaking tokens exclusive to a particular ETH LST. This isolates the risk to only the specific token staked on Eigenpie, and not any other ETH LST’s performance. This feature not only ensures that liquid restaking on Eigenpie is security-focused, but also offers an optimal restaking experience, especially to risk-averse LST holders. Below is a chart with the isolated liquid restaking tokens available on Eigenpie.

Eigenpie also offers isolated native restaking in collaboration with 

, an open-source ETH staking network that uses 

 (SSV) technology to create a decentralized and secure environment for ETH staking by splitting a validator key into several keyshares, which are distributed to multiple nodes. The isolated native restaking feature on Eigenpie allows ETH holders to connect their ETH to the website and restake it through a simple user interface. Once it’s restaked, ETH holders receive egETH tokens that earn them 2x Eigenpie points, resulting in better yields over time.

Eigenpie Enterprise, a restaking feature on Eigenpie designed for institutional grade investors, 

 that are designed to accommodate different enterprises, depending upon their needs.

The first version allows enterprises to participate in native restaking, liquid restaking and DeFi protocols only within the Eigenpie ecosystem in order to reduce their risk of bad debt. Meanwhile, the second version enables institutions to expand their positions from their existing EigenLayer holdings into the Eigenpie Institution Node Delegator, which opens them to more DeFi opportunities since they can deposit their LRTs in their preferred DeFi platform.

Eigenpie Token (EGP) is the governance and reward-earning 

 on Eigenpie. It's designed to ensure the sustainability and long-term success of Eigenpie as a restaking platform. As an EGP holder, you can lock your tokens to receive vlEGP tokens (at a 1:1 ratio) that can then be used to participate in Eigenpie's governance, and to earn rewards for active participation in the ecosystem. 

 EGP has a total supply of 10 million tokens, distributed as shown below:

Eigenpie's airdrop is reserved for holders who accumulate Eigenpie points through user engagement, and for 

 users from Binance and OKX. To accumulate Eigenpie points, users need to remain active on the platform by depositing LSTs. In short, 1 ETH worth of LST deposits on the platform earns you one point per hour. You can also earn points through referral, whereby your additional points are proportionate to the points earned by your referee.

You can buy EGP on Bybit's Spot trading platform. The token is listed as the 

 trading pair. Trading EGP on Bybit's user-friendly terminal is fast and efficient, and comes with 24-hour multilingual customer support.

The liquid restaking concept in cryptocurrency continues to proliferate, since it provides capital-efficient utility for ETH holders. Since Eigenpie is a top protocol on EigenLayer, ETH and LST holders can leverage its features, such as isolated liquid restaking and native restaking, to earn additional passive income from their staked assets.

Furthermore, institutional enterprises can leverage Eigenpie’s platform to access a wide range of DeFi opportunities by using their staked assets. The protocol offers liquid restaking services, and is thus timely as investors continue to explore DeFi opportunities in the crypto market.

Intermediate

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Eigenpie (EGP): ETH Liquid Restaking Powered by EigenLayer

Mumu the Bull is a meme coin built on the Solana blockchain. Learn more about how it works in this article.

 are two of the most iconic. Of the two imposing quadrupeds used to describe general market trends, almost everyone hopes for a bull market, in which prices soar. The crypto project known as Mumu the Bull has taken this classic concept and turned it into a 

. By combining internet trends from around the globe, Mumu the Bull hopes to create the next big thing. Is Mumu the Bull popular right now, and will its price increase in the future? Explore this guide to find out.

 blockchain. Its marketing ties together cartoon animal imagery, similarly to 

, with crypto memes about bull markets. This coin is also known for its competition with the Bobo the Bear meme coin.

According to Mumu the Bull’s creators, the coin’s primary goals are to unite the crypto world by including references to several beloved memes within the crypto universe, and to encourage countless users to trade its coin. In addition to references to bull and bear markets, Mumu the Bull endeavors to capitalize on familiarity with Pepe the Frog meme coins. It uses similar art and occasionally includes cartoon frogs in its memes. Eventually, 

 it will be able to use these playful references to become "the meme coin to rule them all." 

Some crypto investors also believe that Mumu the Bull can function as a market sentiment tracker. Its creators have set up Mumu the Bull to compete with Bobo the Bear. Therefore, some users hope that they’ll be able to predict a bull-vs.-bear crypto market by considering which of the two cryptos has a higher price and/or trading volume.

The Mumu the Bull meme coin project is built on the Solana blockchain. Thus, instead of running its own ledger, it uses the underlying security of Solana to validate and track each transaction. While Solana handles the back end, Mumu the Bull's team is focused on promoting the token. They’ve created multiple social media sites, and spend a lot of time generating memes and artwork surrounding the coin. This allows them to get their coin into the public consciousness, so more crypto enthusiasts will be interested in buying it.

 that automatically removes 0.25% of tokens from the liquidity pool for each sale that’s made. This has resulted in a current total supply of 2.324 trillion tokens. Of the total supply, 95% has been allocated toward liquidity. These tokens quickly ended up being bought and sold on the open market. The remaining 5% of tokens were distributed to the Mumu the Bull team to compensate them for their work.

Initially, the MUMU token struggled to gain attention after its release, trading at roughly $0.000005. However, several months after its launch, Mumu the Bull took the crypto world by storm. Prices suddenly doubled, and then doubled again. By Jul 29, 2024, MUMU had reached an all-time high (ATH) of $0.00012. 

Despite a drop in price from its ATH, Mumu the Bull has still managed to retain popularity. MUMU is currently within the 

 by market cap and among the top 500 cryptocurrencies overall. Furthermore, MUMU’s 24-hour trading volume is $9.87 million (as of Oct 2, 2024), and its price is still up, roughly 1,257% from its ATL. 

This pricing history reveals a lot about the popularity of Mumu the Bull. Instead of following the trend of many meme coins, with a brief spike in interest followed by obscurity, Mumu the Bull has experienced a slow yet steady rise in trading. This coin has gone from an underrated novelty to an iconic meme coin in the 2024 market. Particularly when the market is dealing with bull conditions, Mumu the Bull is trading very well.

MUMU tokens are primarily available through 

 (DEXs). The creators of Mumu the Bull suggest that people purchase MUMU by purchasing Solana tokens, and then swapping Solana for MUMU tokens on a DEX. 

However, if you prefer a more convenient way to invest in MUMU, consider purchasing Mumu the Bull tokens as a Perpetual contract. To get started, you’ll first need to create a Bybit account, then fund it with cryptocurrency and navigate to the 

If you're looking for a diverse portfolio filled with meme coins, the MUMU token is a promising option. Its price is currently low enough that it's not overinflated, yet it's still seeing a lot of trading activity. Thanks to its proximity to the Pepe the Frog universe, Mumu the Bull seems likely to keep its audience interested for some time.

However, this probably isn't a meme coin that's going to turn anyone into a millionaire overnight. While it's performing reasonably well, nothing about the coin indicates an imminent drastic increase in value. It's likely to undergo both small price increases and decreases in the future. Due to the inherent volatility of meme coins, investors need to exercise some caution when purchasing Mumu the Bull. Never overextend yourself financially, and make sure you 

Ultimately, Mumu the Bull is a promising addition to the world of meme coins. By focusing on classic memes about market conditions, it's managed to attract an audience and increase its prices. However, Mumu the Bull has a lot of competition, so only time will tell if this token can become a top meme coin.

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Mumu the Bull (MUMU): A Symbol of the Bull Run Moovement

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Blockchain

Altcoins

Flux is a cloud-based decentralized computational network designed for building and deploying scalable, cross-platform blockchain applications.

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Blockchain technology boasts many great features, such as cryptographic security and decentralized control. However, the standard blockchain model also suffers from some drawbacks, including limited scalability and poor cross-chain compatibility. 

 (BaaS) platform designed to address these limitations with its ability to connect up to 11 major blockchains.

Flux (FLUX) is a cloud-based decentralized computational network designed for building and deploying scalable, cross-platform blockchain applications. 

Flux is based on its own Flux blockchain, and also operates on seven other chains.

Nodes on the Flux chain contribute their computing resources in exchange for crypto rewards. The computing resources are utilized by 

 (DApps) within the Flux ecosystem. Thanks to the extensive network of participating nodes, Flux can offer DApp developers a highly scalable platform.

Flux is based on the BaaS concept and provides computing resources and blockchain infrastructure via a cloud-based model. In this regard, Flux is similar to cloud service providers such as Amazon Web Services (AWS) and Google Cloud. However, these cloud providers use the internet as their native environment.

In contrast, Flux’s services are based on blockchain. This allows Flux to enjoy the enhanced security and decentralization built into blockchain technology.

Flux maintains links to other blockchains using so-called 

, which are tokens native to the other blockchains that form part of the Flux ecosystem. There’s one parallel asset token for each blockchain on which Flux operates.

Flux is designed primarily to help developers create scalable and cross-chain–compatible DApps quickly. Currently, there are dozens of DApps built and/or operating on Flux.

Some of the well-known applications that have a presence on Flux include 

 (AAVE) and Minecraft servers. The first two are category-leading DeFi apps, with Yearn Finance being the largest yield aggregator, and Aave the largest lending and borrowing protocol. Minecraft servers provide gaming server environments for one of the world’s most popular video games, 

 (BTC). At its launch, the project was called Zelcash (ZEL). In March 2021, Zelcash rebranded to Flux, with the ZEL coin rebranding to FLUX.

The new coin ticker, FLUX, has caused some confusion, as two other crypto projects are also using the same ticker — Datamine Flux (FLUX), a 

 (DeFi) protocol; and Flux Protocol (FLUX), an oracle-based service.

As a fork of Bitcoin via ZCash, Flux is a blockchain based on the 

 (PoW) block validation method. This means that some of the network nodes act as miners in order to validate transactions. There are, however, significant differences between the PoW mechanisms of Flux and its ancestor chains. In particular, Flux advocates green energy, and has come up with innovative solutions for the energy-consuming PoW model.

 (PoUW), which optimizes the current PoW mechanism by channeling energy expended in solving block puzzles to concurrently resolve real-life problems. For instance, PoUW can help with detecting 

 — a serious problem, with increasingly advanced AI technology — and aid research processes which often require heavy computational power.

Moreover, FLUX mining algorithm ZelHash is 

 (PoS) system — which can be mined with ASICs, leading to intensive energy consumption. Hence, as FLUX crypto is mined via GPUs rather than ASIC machines, less energy is consumed as a result.

Flux operates as a multi-chain cloud infrastructure provider, with the Flux blockchain at its core and 11 other blockchains with links to it. 

These chains are Ethereum (ETH), Bitcoin (BTC), BNB Chain (BNB), Base (BASE), Solana (SOL), Tron (TRX), Polygon (MATIC), Kadena (KDA), Avalanche (AVAX), Algorand (ALGO) and Ergo (ERG). 

Thanks to this multi-chain support, DApps developed on Flux feature a high degree of cross-chain interoperability. This interoperability is achieved via 

, a distributed, cloud-based virtual operating system that links all of the platforms supported by Flux. 

In addition to FluxOS, there are three other important elements within the platform’s architecture — running nodes, mining nodes and parallel assets, which we’ve touched upon briefly.

, are one of the two key types of network nodes on Flux that power FluxOS. These represent users who provide their computing resources to the network for DApps to use. In return, these nodes are rewarded with FLUX crypto for providing resources. Half of the mining block rewards generated by miner nodes (covered below) are given to the running nodes.

The running nodes are critical to the Flux network as the system’s entire scalability and efficiency depend on them. FluxNodes can be run on a virtual private server (VPS), a home PC or server, or an 

The computing resources you provide to the network will need to meet some minimum requirements. The more powerful specs your system has, the more you can earn in FLUX rewards by operating a running node. 

There are three tiers of running nodes — Cumulus, Nimbus and Stratus. Cumulus is the lowest tier, and requires relatively modest computing specs. Among its key requirements are a processor with at least 2 cores, 8 GB of RAM and 220 GB of disk space.

On the other end of the “specs spectrum” is the Stratus tier. Suitable for experienced flux node operators, this tier's requirements include an 8-core processor, 64 GB of RAM and 880 GB of disk space.

Depending on the tier you choose, you’ll also need to provide some collateral in FLUX to run your node. The level of collateral is subject to change, and it’s worth noting that the platform has changed its requirements in the past. At the moment, the Cumulus tier only requires collateral of 1,000 FLUX ($840); the middle tier, Nimbus, requires 12,500 FLUX ($10,500); and the Stratus tier has a minimum requirement of 40,000 FLUX ($33,600).

While the more advanced tiers have higher technical and financial requirements, they also let you earn more rewards. As noted above, running nodes get 50% of the block rewards generated by the mining process, which is split into 30% for Stratus nodes,12.5% for Nimbus nodes and 7.5% for Cumulus nodes.

, a shared node program for users who can’t afford the base FluxNode staking tier. Titan Node allows users to stake as little as 50 FLUX, and pool their resources to run enterprise-level hardware. Its hardware requirement is the same as Cumulus, with a minimum of 2 cores, 8 GB of RAM and 220 GB of disk space.

The three running node tiers with their technical and financial requirements

Mining nodes provide vital block validation service to the Flux blockchain. Flux has considerably lower 

 estimates as compared to Bitcoin (BTC), Dogecoin (DOGE) or other popular mineable cryptocurrencies. 

Flux also has a much shorter block time of two minutes, compared to Bitcoin’s 10-minute block frequency. This means that miners can earn rewards on Flux more frequently than on Bitcoin. Each block reward on Flux is 75 FLUX. As noted earlier, this is split 50/50 between miners and running nodes. Thus, effectively, the standard reward for miners is 37.5 FLUX per block.

Besides FLUX rewards, miners can earn additional bonus rewards in the form of parallel asset tokens, as well as bonuses 

 (Flux shared node program) claiming transactions. Essentially, for one block, miners can earn:

Similar to Bitcoin, Flux has a reward-halving mechanism. Every 2.5 years, the mining rewards are halved.

Parallel assets are a crucial part of the overall Flux architecture. 

There are 11 parallel assets from the major blockchains, including Ethereum, Solana and the latest, Bitcoin, issued on Taproot Assets, allowing for low-cost transactions on 

Each parallel asset token conforms to the native token standard of the host chain (e.g., FLUX-ETH is an 

Parallel asset tokens may easily be transferred from their host chains to Flux, and converted to the FLUX coin or another parallel asset via the 

 app, a bridging DApp specifically designed for swapping FLUX tokens.

Fusion is a versatile app that has other important use cases for the Flux user community. Stored with Flux’s native crypto wallet, 

, it also distributes parallel asset airdrops to FLUX holders and rewards to Flux node operators.

 is Flux’s core feature. It functions as a user-friendly gateway to the various Flux services offered to users, and as a DApp portal where users can discover new apps and manage their deployed apps all at once. The products offered in FluxCloud include a decentralized WordPress, a decentralized storage solution (FluxDrive Pro) and Flux Marketplace. FluxCloud is powered by over 13,000 nodes in 78 countries, ensuring every DApp running on Flux is constantly online and accessible to users.

 is Flux's latest offering, released in late August 2024. It’s an open-source chatbot similar to ChatGPT that utilizes large language models (LLMs) to assist users with queries. While traditional chatbots like ChatGPT use user data to train their models, Flux — thanks to its decentralized network — is able to ensure that your conversations remain 100% private.

 is a scalable, decentralized computing marketplace for resource-intensive computing applications, such as artificial intelligence (AI), machine learning (ML) and rendering. It offers a diverse range of GPUs from various manufacturers, such as NVIDIA and AMD, ensuring that all customers' needs are met at low costs. FluxEdge connects providers and consumers in a 

 manner, allowing providers to leverage FluxCore to rent out their GPUs. By connecting their GPUs to FluxCore, providers can also engage in traditional PoW mining or use their devices for PoUW via FluxEdge.

To offer added convenience to Web 2.0 users unfamiliar with crypto and blockchain, Flux has incorporated fiat payment on top of FLUX payment. Customers can choose to pay in fiat currencies, which are then converted into FLUX assets of different token standards (Flux mainnet, FLUX-ERC20, FLUX-BEP20) by third-party providers. However, customers who choose to pay in FLUX enjoy a 10% bonus on their top-up amounts.

Providers then earn their rewards through FLUX tokens, which they can claim on their preferred blockchains.

, gives users a comprehensive overview of their crypto assets, thanks to its support for imported wallets. It’s also integrated with Ledger and Trezor hardware wallets, allowing users to manage assets stored in their offline wallets.

If you're looking for a highly secure wallet to protect your funds, Flux also offers the 

, an open-source wallet-key combination with a multi-level security system, featuring industry-grade BIP48 encryption and dual signature mechanisms for a two-key authentication process. The SSP Wallet consists of the SSP Wallet itself, a Chrome extension and the “key,” a mobile application that can be downloaded from both the Apple App and Google Play Stores.

The FLUX coin is the native Flux cryptocurrency, with multiple use cases. To hold FLUX and carry out key operations (e.g., staking), you’ll need to use Zelcore.

FLUX is used to pay out rewards to miners and FluxEdge providers, and for running nodes.

 It’s also used as the platform’s governance coin. FLUX holders may participate in the decision-making process concerning all changes and developments on the Flux platform. Meanwhile, governance is carried out via the 

, a decentralized entity controlled by the FLUX coin holder community.

 to earn additional crypto rewards. You’ll need to invest at least 50 FLUX to participate in FLUX staking. In addition, the current upper limit on the amount that can be staked by a node is 20,000 FLUX.

FLUX is a supply-capped coin, with a total and max supply specified at 440 million. The coin’s current circulating supply is around 353 million FLUX (as of Sep 23, 2024). 

FLUX can be bought on Bybit as a USDT Perpetual contract with up to 25x leverage (

). You can trade FLUXUSDT via Bybit's Futures bots, such as 

The FLUX coin was launched in mid-2018, at that time under the name ZEL, initially trading at around $0.03. For the first three years on the market, the coin didn’t experience any drastic upward or downward movement, staying largely under $0.30 until September 2021.

FLUX’s price then began a strong rise, its price exceeding $3 by early 2022. In January 2022, the coin registered its all-time-high (ATH) of $3.33. Throughout 2022, FLUX has receded from these heights. W

hile it has occasionally surged over the past couple of years to exceed $1, it’s currently trading at $0.63 (as of Sep 23, 2024).

The turbulence experienced by FLUX within the past year is far from unusual for a crypto coin. While the overall cryptocurrency market is characterized by high volatility in general, the past year and a half has been marked by particularly drastic swings and crashes. As the market is now timidly recovering from this turbulent period, many promising cryptos — including FLUX — are likely to receive a boost in the mid- to long-term future.

We believe that FLUX has good future potential, thanks largely to the following factors:

Note that this is, however, not financial advice, so make sure to always 

Flux is among the rare projects capable of providing a truly scalable decentralized cloud infrastructure. Packed with great features such as cross-platform compatibility and scalable computing power renting, Flux is one of the most promising projects in the blockchain world. 

As the Flux ecosystem expands into additional chains in the future, its value to DApp developers will only increase. The rise of the decentralized internet and AI technology will also provide additional fuel for the growth of the Flux network.

Flux (FLUX): Scalable Decentralized Cloud Service

Grab Up to 5,000 USDT in Rewards

Grab Up to 5,000 USDT in Rewards