Bybit has launched the NILUSDT perpetual contract, enabling better market access to the Nillion token for traders. This follows Nillion’s listing on major exchanges which boosted its visibility.
Nillion, known for its involvement in AI and big data, is now a focus for Bybit’s traders. This development marks an expansion in trading instruments, emphasizing Nillion’s potential growth.
Nillion’s Trading Volume Surges 1160.19%
Nillion (NIL), a cryptocurrency with AI applications, experiences a price of $0.74 and a market cap of $144.77 million. Its 24-hour trading volume soared to $165.02 million, reflecting a 1160.19% increase, according to data from CoinMarketCap as of March 24, 2025.
Experts anticipate the Bybit NILUSDT launch to bolster liquidity and attract new investments. This move is seen as significant for Nillion’s market presence. However, ongoing price fluctuations present potential challenges for traders.
The security breach resulted in the loss of nearly $1.5 billion worth of ether (ETH), likely affecting overall market sentiment and liquidity. – Source: Chainalysis
Bybit Listing May Boost Nillion Trading Volume
Cryptocurrency past token launch events often saw increased market activity. For instance, Binance’s similar listings resulted in heightened trader participation and liquidity. This Bybit listing may emulate those patterns.
Experts from Kanalcoin suggest that the NILLUSDT contract could enhance Nillion’s trading scope if market interest sustains. They cite historical trends where perpetual contracts on growing tokens led to increased trading volumes and investor interest.
