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

At the start of the week, Bitcoin showed signs of decoupling from US equities. However, US president Trump's positive remarks about the US-China trade war (which had included a 145% tariff on Chinese goods) triggered a relief rally across markets. As a result, BTC has resumed moving up with US equities. 

This rally has led to a rise in short-tenor implied volatility and a recovery in BTC’s put-call skew, indicating that traders are seeking upside exposure.

Please check out the report’s highlights.

Perp open interest rises across the board

Perpetual open interest increased significantly this week across various tokens, especially ETH. Perpetual trading volumes also rose. Notably, Ap 7, 2025 recorded the highest trade volume of the month, following Trump's comment, "Forget markets for a second, we have all the advantages."

BTC option open interest shows a mixed picture; put-call skew in short tenor sends positive signals

President Trump’s recent willingness to negotiate a trade deal with China’s President Xi triggered a relief rally across asset classes, including crypto. Bitcoin had already risen 7% since Apr 21, 2025, prior to Trump's comments. Despite this rally, open interest in puts has outpaced calls, with options volume remaining relatively balanced. 

It's unclear if the demand for puts reflects a hedge against downside risks, or a bet against the upward movement. Meanwhile, perpetual funding rates are providing limited insight into sentiment. However, the recovery of the put-call skew at short tenors indicates that traders are seeking upside exposure to the rally — and are willing to pay for it.

ETH unexpectedly outperforms BTC in this relief rally

ETH's response to the recent crypto market recovery has diverged from previous trends: it outperformed BTC in spot prices, a rarity in past rallies, and open interest in calls exceeds that in puts — opposite to BTC's trend. In addition, ETH call open interest is nearly double that of puts, with calls dominating options volumes. This suggests traders anticipate ETH will reduce its significant underperformance against both BTC and other “ETH killers” like SUI and SOL. Additionally, the spot rally has led to another term structure inversion for ETH.

Advanced

block-scholes-x-bybit-report.jpeg

Bybit X Block Scholes crypto derivatives analytics report (Apr 24, 2025): Put-call skew recovers at short tenors, showing reviving sentiment

Explore all the hottest Bybit events happening during the week of TOKEN2049 Dubai in this article.

It’s that time of year again — TOKEN2049 Dubai is back, and the city is buzzing with excitement. As one of the most anticipated events on the crypto calendar, it’s not just about the main conference; it’s about everything happening around it, too. From side events and workshops to exclusive mixers and demo days, Bybit is showing up in full force this year. Here's your inside look at what to expect during this action-packed week.

The heart of TOKEN2049 Week, TOKEN2049 Dubai promises two full days of future-facing discussions and innovation in the world of crypto. At the center of it all is Bybit’s immersive booth experience, built on the theme 

. It’s not just a theme — it’s a vibe. Picture claw machines, 

If you’re heading to TOKEN2049 Dubai, be sure to drop by the Bybit booth (located at P33) and chat with our extraordinary Bybit team! And don’t miss your chance to grab a gacha token by scanning our QR code with Bybit Pay. You could walk away with exclusive Bybit merch! 

DMCC x VARA: Crypto regulations and business growth

Policy meets progress at this exclusive evening event co-hosted by DMCC and VARA. This gathering brings together regulators and industry leaders for an open discussion on the future of digital asset compliance and business growth in the region.

You can expect sharp insights, candid perspectives and forward-thinking dialogue about what it really takes to scale a crypto business in a regulated environment. If you care about the future of web3 in the UAE, this is one event to mark on your calendar.

Bybit After Hours: Exclusive Insights & Networking 

 is a private cocktail evening for top-tier traders and long-time supporters of Bybit. This event is equal parts networking, knowledge sharing and celebration.

 to strategic conversations with the Bybit team, this night is tailored to those who trade big and think bigger. With an invite-only guest list, it’s set to be one of the most exclusive experiences of the week.

The Crypto Hub x Bybit Crypto Ark Demo Day

 is all about bringing hands-on energy to the web3 scene. Hosted at the Crypto Ark inside Bybit’s office, this event welcomes founders, devs and crypto creatives for a casual evening of product showcases, idea exchange and light networking.

While Bybit provides the space, the real spotlight is on the community — those shaping the next wave of innovation in web3.

 from across the CIS region are gathering for a deep dive into the tools, tips and strategies that drive growth at Bybit. This meetup goes beyond surface-level sharing — expect actionable workshops covering our Bybit Affiliate program and affiliate best practices.

It’s also a chance to hear directly from Bybit product leads and regional managers, share success stories and walk away with fresh ideas to maximize conversions. 

Wunderbit x Bybit: “Hey, Trading Bot, where is my profit?”

 are here to stay — and this event is going deep into what makes them tick. Co-hosted by Wunderbit and Bybit, the evening workshop blends honest stories from real traders with expert insights on how to avoid common automation pitfalls.

From bot setups that work to the ones that quietly drain your profits, this is your chance to ask the tough questions, hear unfiltered answers — and maybe rethink how you’re running your own bot strategy.

 (RWAs) are taking center stage at the RWA Gulf Summit, a high-powered event co-hosted by Qatar National Bank, Commercial Bank International and DMZ Finance. This summit brings together bank leaders, wealth funds, participants in DIFC, institutional investors and industry pioneers to explore the evolution of tokenized finance in the Middle East and beyond.

Bybit’s Head of Financial Products Jerry Li will take the stage to discuss how 

 (CEXs) can harness RWAs for enhanced yield and 

Dubai's Pinnacle Mixer: Mantle, Mirana, Bybit and Ethena

High above the city, this mixer brings together some of the biggest names in web3 — Mantle, Mirana, Bybit and Ethena. Expect an unforgettable evening of casual chats, cross-chain connections and cocktails with the minds behind some of today’s most innovative projects.

This private event is all about experiencing Bybit Pay in action. See interactive demos, grab a sneak peek at upcoming partnerships and network over bites and drinks. It’s a rare behind-the-scenes look at the way Bybit is shaping the future of crypto payments. 

Wrapping up the week is the Bybit Institutional Symposium — a full-day event dedicated to aligning strategies with institutional clients and forging new collaborations. From macro views to product deep-dives, this conference is built to spark big conversations among serious players.

The day concludes with a gala dinner, a fitting finale to a week in which ideas, connections and innovation have taken center stage.

Intermediate

Bybit Learn Highlights What to Expect at Bybit

Bybit Learn Highlights What to Expect at Bybit.png

Highlights: What to expect at Bybit (Apr 28–May 2, 2025)

Balance (EPT) is revolutionizing web3 gaming with evolving AI companions, blending blockchain, strategy, and intelligent gameplay in one powerful platform.

Artificial intelligence (AI) agents are a key growth area within the blockchain industry. Projects like Artificial Superintelligence Alliance (FET), 

 (AI16Z) and countless others have been essential components driving the overall crypto market. As of April 2025, the CoinGecko portal lists more than 500 cryptocurrencies within its category of AI Agents. These intelligent assistants are now helping individuals and businesses analyze markets, create textual and visual content, automate work processes and trade profitably.

There's a further area where AI agents on the blockchain are flourishing: the world of 

 gaming. In this sphere, bots and agents based on AI algorithms are helping users develop the best in-game strategies, succeed in the competitive world of play-to-earn (P2E) and overcome key challenges in complex gameplay.

Balance (EPT) is a blockchain gaming project that takes the use of 

 to a completely new level. The creation of the team at the world’s largest social gaming platform, E-Pal, Balance offers players AI agents that can aid them in the in-game environment and serve as their personal companions. Based on a multi-layer architecture, the platform offers some of the most cutting-edge use cases for gaming-oriented AI agents.

 (EPT) is a web3 gaming platform that allows players to easily create, own and use AI companions within the blockchain games it supports.

 Balance supports a variety of first-party (internally developed) and third-party web3 games. You can deploy your AI gaming companions and they’ll act as your assistants, friends or co-players within Balance games.

Using Balance.fun, the platform’s primary web interface, you can create your AI agents and specify various details, such as appearance, personality and functions.

Balance isn’t just another obscure crypto gaming platform. The origins of the project date back to 2020, when the E-Pal social gaming provider was launched by four young California-based technology entrepreneurs — Brian Xiong, Tung Pham, Yuzhe Norris Wang and Yuanzhe Li. E-Pal quickly became a leading force in the newly emerging social gaming field, helping players worldwide find gaming companions. By early 2024, E-Pal had become the world’s largest gaming companion platform, boasting 4.2 million users and 450,000 Epals (gaming companions).

In February 2024, the E-Pal team focused its efforts on 

 and AI technologies, starting the development work on the Balance gaming platform. In September of the same year, Balance went live.

Per the project’s documentation, the platform operates on its own chain, Balance Chain, with 

 (AA) technology used for cross-chain communication. The fungible and 

 (NFTs) held by user accounts are based on the 

A key part of the Balance ecosystem is Key Nodes — purchasable 

 that help with the processing, storage and distribution of data required in the resource-intensive environment of web3 gaming. Some applied instances are the management of real-time leaderboards and the automatic distribution of loot and in-game currency. These nodes can also support the computational requirements of training AI models. As a reward for their work in supporting the platform’s operations, Key Nodes receive a wide range of rewards and benefits, including distributions of EPT tokens, the platform’s native cryptocurrency.

As the ecosystem develops, Key Nodes are envisioned to be involved in governance, 

 launch in September 2024, Balance introduced its Points System, designed to reward early contributors to the platform. During the campaign run in September, users could earn points by completing various specified tasks in various activities, such as joining the project’s social media pages or commenting and reposting.

The 400 users with the best performance in the Points System earned a whitelist spot to receive Pioneer Badge NFTs — distinct tokens that provide owners with early access to games, future campaigns, airdrops and beta testing opportunities. Pioneer Badge NFT holders can also enjoy other benefits, such as premium NFTs and voting rights on the Balance platform.

Balance’s platform provides a set of tools to create and use intelligent companions for Balance-based games. You can design your AI companions by specifying their key traits and behaviors through custom prompts and strategies. The AI agents on Balance can assist you in battles, gaming contests, learning, routine task execution and interactive entertainment.

Balance’s platform is made up of five key layers, each one serving a specific purpose in supporting its user and developer communities. At the top of the architectural stack is the application layer, which acts as the main interface for users to interact with human and AI companions and the wider Balance community.

The application layer also contains the AI Battle Reporting System, which is designed to give users feedback and analysis tools on their performance in the platform’s gaming ecosystem. AI technology is leveraged here to provide personalized analytics and performance improvement recommendations.

A range of NFTs are also part of the layer. These include in-game asset NFTs, as well as 

 (SBTs) that serve as summaries of the holder’s achievements.

The platform layer hosts the various games within the Balance gaming universe. These include both internal games and third-party games that have partnered with Balance. The key concept uniting all of the games is the active integration of AI companions and AI players, making the platform a unique environment in which humans and AI agents play, interact and compete.

The platform layer also features an AI-driven NFT launchpad that offers a rich tool set for creating personalized NFTs for games and applications. These NFTs can be traded on Balance's NFT marketplace, which is also an integral part of the platform layer.

The protocol layer includes a trio of critical protocols — the Fans Protocol, Epal Fan Token (FT) Exchange Protocol and Asset Protocol. The Fans Protocol lets players launch and manage their Fan Tokens, creating opportunities for influencers and community builders to tokenize their efforts and launch high-potential crypto assets. Meanwhile, the Epal FT Exchange Protocol facilitates the management of (and trade in) Fan Tokens.

The third protocol, Asset, is used for the comprehensive management of a wide range of digital assets on Balance, providing easy-to-use tools for asset creation and trading.

The token layer is designed for core operations involving the platform’s native EPT token. This layer supports the use of EPT for in-game purchases, access to services and AI companions, Fan Token minting and trading, in addition to other functionalities.

This is the underlying infrastructural layer that powers the platform’s operational mechanism. It can be described as Balance's operating system, and is made up of several critical components: the node system, the Balance 

, the Balance Chain network and the platform's unique ID system.

The node system provides the computational and storage resources to power games and other functionality on Balance. In addition, the system acts as a key connecting medium between Balance Chain and the AA functionality that lets the platform enjoy cross-chain capabilities.

The Balance stablecoin, also part of the infra layer, is designed to reduce volatility and bring rate stability to the platform's gaming ecosystem. The Balance stablecoin system helps players engage in asset trading without the fear of wild market fluctuations, an important consideration in the 

Designed to support multiple chains, Balance Chain operates based on dynamic protocol adaptation, automatically selecting the optimal blockchain platform according to user preferences and needs. This dynamic adaptability is designed to reduce costs, improve operational speed and enhance overall security for users.

The final major component of the Balance infrastructure layer, the Balance ID system, is a unified and secure user authentication and identity management solution. To be introduced later in 2025, the ID system will let users access all services and games within the Balance ecosystem via a single set of cross-platform decentralized credentials. In addition to human players, also AI companions will have their unique IDs.

EPT is the native cryptocurrency of Balance. Although the platform has been operational since 2024, the EPT token was just launched on Apr 21, 2025, with a total and maximum supply of 10 billion. It was issued on two major blockchains — Ethereum and BNB Chain. EPT has a wide range of functional use cases on the platform, including the following:

The EPT token's supply allocation is per the chart below.

 as a swap pair with USDT, and through the exchange's 

 based on USDT. You can also take advantage of Bybit’s campaign dedicated to the token to grab a share of the 

Under the terms of the event, new users can earn EPT rewards by accumulating a deposit volume of at least 3,000 EPT, or by depositing at least 100 USDT and trading 100 USDT worth of EPT via their first spot trade with Bybit. Meanwhile, existing users can qualify for rewards by trading at least 500 USDT worth of EPT on Spot. The event is valid through May 5, 2025, 9AM UTC.

As of Apr 25, 2025, the EPT token has been on the market for only four days, and is trading at $0.0117, which is 26.4% lower than its ATH of $0.01708 on Apr 21, 2025, and 11.4% higher than its ATL of $0.01129 on Apr 22, 2025.

Long-term price forecasts for EPT are mostly bullish. DigitalCoinPrice 

 of $0.0412 in 2027 and $0.0615 in 2030, whilePricePrediction 

These and other emerging long-term forecasts for the token don't constitute investment advice. Given EPT's extremely short history on the market so far, 

 on the token's future prospects, carefully assess market fluctuations within the crypto gaming niche and consider all other relevant factors before investing in it or any other cryptocurrency.

Capturing emerging market trends and sensing the broader market conditions, the team at E-Pal recognized the tremendous potential of gaming companions back in 2020. Four years later, E-Pal realized that the new market dynamics in gaming called for something even more innovative — the use of AI companions, in addition to fellow humans. The resulting product, the Balance platform, is now racing to stake the claim to the best web3 gaming environment supported by AI agents.

The platform's unique features — cross-chain functionality supported by an AA mechanism, a dynamic exchange system that selects the best network for users' transactions and, most importantly, intelligent AI companions — can certainly help establish Balance as a leader in this niche of web3 gaming.

AI agents are taking the gaming industry by storm, with blockchain technology acting as a powerful enabler of these intelligent friends of ours. The Balance gaming universe — supported by the proven track record of E-Pal — has a great chance of becoming the go-to environment in which to befriend your next artificial gaming partner.

balance ept crypto.png

Balance (EPT): Revolutionizing web3 gaming with evolving AI companions

Mantle has launched the Mantle Index Four (MI4), an institutional-grade fund providing diversified exposure to yield-bearing digital assets. 

The S&P 500 rose 2.03% on strong Alphabet earnings and optimism over a possible Fed rate cut. Gold jumped 1.5% to $3,338 as trade tensions rose and a weaker dollar, along with falling yields, boosted demand. Fed rate cut signals also supported the rally. The Coindesk Indices, which tracks the broader crypto market, rose 0.74%, with Bitcoin up 0.06% and Ether down 1.89%, in the past 24 hours. Trade these markets and more with up to 500x leverage on Bybit MT5 using this 

Today's top performer is INIT, up 15.4%, following the launch of Initia, which aims to revive the appchain concept with an interconnected network and an INIT token airdrop.

Initia (INIT), founded in 2022, is a modular blockchain platform that combines a Layer 1 network with customizable Layer 2 rollups, enabling scalable decentralized app development. It offers flexibility in virtual machines, gas tokens, and transaction systems, while ensuring interoperability and addressing issues like liquidity fragmentation and network congestion. Initia has 

 to revive the appchain concept by offering a network that integrates appchains in a cohesive, interconnected way. The platform emphasizes full-stack control for apps, avoiding fragmentation. Initia is also launching an airdrop with claims available until May 24, 2025. The native token, INIT, has a fixed supply of 1 billion, distributed across eight categories.

Check out the latest prices, charts, and data of 

, an institutional-grade fund providing diversified exposure to yield-bearing digital assets. In partnership with Securitize, which has tokenized over $3B in assets, the fund aims to fill a market gap by offering native yield generation in a traditional fund format. Mantle Treasury has committed up to $400M as the anchor investment. The fund will rebalance quarterly and incorporate DeFi-native staking strategies, such as mETH and bbSOL, while ensuring investor protections. MI4 targets both crypto-native and traditional investors, with Phase 1 rollout scheduled for Q2 2025.

Yesterday, BTC spot ETFs saw a total inflow of $114.7 million, all from non-GBTC funds, while GBTC recorded no flow.

Dolomite, the 10th largest DeFi lending app, is launching a 200M token 

 (20% of total supply) during its TGE on April 24, rewarding users based on platform usage. The DOLO token powers a three-token system alongside oDOLO and veDOLO, enabling incentives, governance, and potential revenue sharing. With over $800M in TVL, Dolomite expands to Berachain, integrating with its Proof of Liquidity system to offer advanced lending features and asset utility.

Beginner

2.png

Mantle launches MI4 fund for institutional-grade digital asset exposure and yield generation

Altcoins

Crypto

The Symbol blockchain aims to improve interoperability and collaboration of various blockchain networks using the PoS+ consensus. Learn how it works.

Bybit_Assets_Overview.png

, or NEM, was launched to transform the way cryptocurrency users interact and complete transactions. NEM’s newest addition is the Symbol blockchain, which helps to connect corporate users, developers and private entities to the public blockchain. Its core features are designed for maximum functionality and accessibility, even for financial technology, supply chains, and more. Symbol was developed to break down the complex development of blockchain, enabling seamless integration between public and private chains with the legacy system in a trusted and secure manner. 

In this article, we’ll decipher the mechanism of Symbol, its vision, and how this blockchain resonates with the evolution happening in the crypto realm. 

The Symbol blockchain is designed to improve interoperability and collaboration with other blockchains using the 

 (PoS) consensus. Rather than competing with other blockchain networks, Symbol is designed to improve accessibility and inclusion for both blockchains and their users.

, which launched Symbol, first developed the NEM NIS1 blockchain, which is associated with XEM cryptocurrency. Symbol builds on the NEM NIS1 blockchain, enabling its users to develop more complex networks and seamlessly move between public and private chains. Symbol also allows for conventional peer-to-peer transactions and has its own native token, XYM. More than 7.8 billion XYM tokens were initially released, with a maximum supply of 8,999,999,999. The inflation rate of the XYM token is tied to that of Bitcoin’s.

Much like other blockchain ecosystems, the Symbol public chain includes node operators, users, investors and a native token. However, there are some important distinctions that make it easier for Symbol’s users to earn rewards. For example, harvesters can earn rewards by either running nodes or holding a token balance. The system has a hybrid chain design, allowing trustless data to flow freely across public and private chains with unparalleled interoperability.

The platform also features numerous versatile tools designed to streamline processes, including multi-layered, multi-signature accounts. Symbol users can create digital assets to represent virtually anything, including non-fungible tokens (NFTs), signatures or stock shares.

Initially built to operate alongside the 

, the Symbol network promises to improve liquidity, reduce transaction costs and speed processing time. It’s not just a parallel blockchain, but an upgrade, improving on the original through its decentralized finance (

) capabilities, NFT support, benefit staking, and more. XYM crypto pays transaction fees to incentivize nodes, which process and record the transactions.

Billed as a next-generation blockchain, Symbol has been in development for nearly half a decade. It uses the less energy-intensive proof of stake (PoS) consensus mechanism and makes it possible for users to create tokens and digital assets. However, its ultimate target is security token offerings (

s) and regulated assets. Its creators envision an interconnected crypto marketplace, and to this end, they’ve enabled the creation of configurable digital assets which serve as security tokens.

Symbol’s developers have taken the blockchain concept to a new and exciting level with the Symbol network, which is based on a consensus mechanism they call POS+. As with PoS, POS+ links node power with XYM staking. Termed “harvesting,” rather than mining, this process involves validating and recording transactions and creating new blocks. 

 with large XYM token holdings have more harvesting power, and a correspondingly higher chance of creating new blocks, which results in a reward.

Symbol features open-source code that’s readily available to any user. This fast, secure and easy-to-use network offers unparalleled flexibility. NEM created Symbol with a hybrid chain architecture to support both public and private blockchains. Individuals and organizations alike can benefit from the versatility of this novel blockchain, which enables seamless system integration and fully customizable design. Symbol offers the best of both worlds with reduced costs, heightened transparency, and maximum security and privacy. It does all of this while maintaining speed and affordability.

The network’s users can develop and deploy secure multi-layered solutions that are easy to integrate with an existing system. Symbol supports more than 100 different configurations and allows for atomic swaps and “Mosaics,” which are 

 that can represent any asset or value. Mosaics have their own individual identifiers and can be fully configured and customized according to user needs. With Mosaics, users can create new DeFi services, Security Token Offerings, and even their own native currencies.

The network features top security features and enhancements based on the original NEM blockchain. These include on-chain multi-signature accounts and delegated financial authority. Similarly, Symbol features pre-configured smart contract functionality, thanks to its plug-in design and layered architecture.

Many blockchains use a PoW consensus mechanism, energy-intensive and environmentally unsound. PoS as an alternative allows crypto users to stake coins not just for a voice in the governance of that particular crypto, but also for the right to validate and add new blocks to the blockchain. Symbol then takes that concept a step further with its POS+ system.

POS+ works a little differently from conventional PoS. Symbol grants a score for node operators that’s based on several factors, including the size of their stake, the size of stake delegated to them by other users, and the node’s network activity. Nodes are rewarded with transaction fees, inflationary or block rewards, bonuses from a limited reserve, and a percentage of the rewards earned by delegated harvesters.

 don’t run nodes themselves, but share their staking power with node operators. They’re then granted a percentage of the block rewards given to the node operator, who is also rewarded according to how many delegated harvesters are using the node. In other words, all users can reap the benefits of harvesting — even if they don’t own or operate a node. These unique features incentivize even more active users, promoting competition for affordable fees and encouraging a thriving crypto ecosystem.

Node operators use XYM tokens to stake supernodes or pools. Node operators with a higher stake have more staking power, which translates into a higher earning power. Users are also incentivized to participate in the network, and those who reach a minimum balance and number of transactions will be eligible for higher rewards. Node operators also have the option to set up local nodes or use cloud services.

Symbol’s network is fast, and blocks are confirmed several times a minute. This means that users have the ability to earn numerous block rewards, which include transaction fees and inflation rewards. Users with higher balances have a higher chance of earning a reward even if they don’t run a node, provided they delegate their stake to a particular node. Each node operator can set their own transaction fees, which promotes competition and greater affordability. Nodes are also eligible for bonuses if they have a minimum balance of at least one million XYM tokens. Bonuses increase with the amount of XYM being held.

Launched in early 2021, Symbol was designed to promote collaboration among the various blockchains and improve interoperability between them. XYM, as the native token of Symbol’s blockchain, is used to incentivize the public nodes which verify and record transactions.

Harvesters, delegated harvesters, and those who delegate a stake to a harvester are all incentivized with Symbol’s native 

, which maintains the functionality of the blockchain and promotes a vibrant crypto-financial ecosystem.

Symbol has many benefits. Understanding them can help users achieve their financial and professional goals more effectively.

Symbol’s hybrid blockchain design marries the benefits of public and private blockchains. Users can enjoy security, privacy, speed and affordability. Businesses can test new chains and features on the private chain until they can be unveiled on the public chain.

While hybrid systems have been previously designed, Symbol was built specifically as a hybrid system. Any assets created through Symbol are natively compatible with its blockchain. Previous hybrid systems carry different mechanisms to protect public chains against attacks, often having to sacrifice speed and affordability for system security. Private blockchains have the opposite issue, trading for speed and cost at the expense of security. Symbol eliminates the need for external validation, and the public and private chains feature no intermediaries. This capability is built-in to Symbol, making cross-chain swaps fast and easy.

Corporate users can develop and test new features using the private chain. They can also use the private chain to manage their own transactions or certain transactions with partners. The public chain offers a front-facing service that makes it possible for companies to interact and transact with customers using open networks or digital wallets.

When conventional blockchains become congested, users must choose between lengthy confirmation processes or high fees. Networks can be volatile and unpredictable, making it difficult to predict the best time to transact. Symbol’s hybrid system allows users to complete critical functions privately, and use the public chain only to finalize transactions. This decreases network traffic and provides a faster, simpler process.

Transaction fees are a necessary part of any blockchain. Unfortunately, these same transaction fees can lead to prohibitive business costs, particularly when considering the volatility of cryptocurrency token values. Using private servers eliminates these transaction fees, and users can complete as many transactions as they desire — paying fees only when they move to the public chain. Users can also opt to store their XYM in their Symbol wallet, or use it to earn more XYM tokens through delegation.

A private blockchain can remain completely private, with transactions, data and other information remaining accessible only to authorized users. The

 allows for easier auditing as well, with a clear, immutable and time-stamped record of every transaction. Users can even automate the auditing process.

To get hands-on XYM, you need to purchase USDT stablecoin from your preferred fiat currency like USD, CAD, AUD, JPY and more via Bybit’s fiat gateway. Then, trade USDT for XYM on the spot or derivatives markets.

Bybit does not charge any transaction fees, though your own service provider may charge a fee for crypto purchases. (Note: the final price may vary from the quote based on market movements due to “

XYM can be an excellent investment option. Not only can you benefit from the built-in scarcity of the system, but token holders can also earn more XYM by staking their Symbol wallet or delegating their XYM to a harvester.

The novelty and versatility of the Symbol blockchain also drive the attractiveness of 

. Symbol takes blockchain technology to the next level, providing essential services especially to corporate users, organizations and other entities. The potential for growth is enormous, with innovative technology and possible collaborations stimulating the adoption of XYM.

The world of decentralized finance is fast-moving. Many developers are creating versatile technologies which enable users to reap the benefits of cryptocurrency, and Symbol is a prime example. Symbol provides advanced functionality for both corporate users and individuals, offering numerous options for interacting with the network and earning XYM. The innovation inherent in Symbol’s hybrid blockchain model positions the network for strong growth and a vibrant future.

Symbol (XYM) Crypto: What Is It and How Does It Work?

Compete for 2,500 USDT USDT Every Week

earnExpByCompletingTasks

eventRules

weeklyLeaderboard