Ethereum R1 is a new donation-funded, tokenless Layer 2 rollup designed to offer a decentralized, censorship-resistant, and governance-minimized scaling solution for Ethereum

The S&P 500 rose 0.63% Thursday, boosted by strong Meta and Microsoft earnings, but futures slipped Friday as investors awaited the April jobs report and weighed Apple and Amazon tariff concerns. Gold fell to $3,235 as easing trade tensions cut safe-haven demand; markets await US jobs data for rate cut signals. The Coindesk Indices, which tracks the broader crypto market, rose 2.19%, with Bitcoin and Ether up 2.57% and 2.60%, respectively 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 AR, which gained 16.8% following CloneX's successful migration to Arweave, sponsored by ArDrive.

Arweave (AR), founded in 2017, is a decentralized network for permanent data storage, using blockweave and Proof of Access to ensure long-term accessibility. It offers 200-year storage for a one-time fee, incentivized by AR tokens for miners. The system connects blocks efficiently to preserve and retrieve data, aiming to create a lasting digital knowledge repository. CloneX has successfully 

 to Arweave for permanent storage, with the support of ArDrive, which sponsored the migration of 100 GB of data. The process is nearly complete, with only Animus remaining to undergo decentralization.

Check out the latest prices, charts, and data of 

 is a new donation-funded, tokenless Layer 2 rollup designed to offer a decentralized, censorship-resistant, and governance-minimized scaling solution for Ethereum. Built on open-source code and the Nethermind Surge stack, it emphasizes credible neutrality, public good funding (with all fees burned after 2030), and infrastructure that remains free from VC control or centralized dependencies.

Yesterday, BTC spot ETFs saw $71.1M in total inflows, with $16M from GBTC and $55.1M from other ETFs.

 $BOOP tokens to active Solana memecoin traders and creators who promote memecoins or Solana dapps on X. To claim, users must connect their Solana wallet or X account and launch a free token. The airdrop arrives in 30 days, but growing the token’s market cap can accelerate the reward.

Beginner

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Ethereum R1 offers a decentralized rollup solution for Ethereum

This article dives into Bitcoin liquid staking protocol Lombard Finance, how LBTC works and how you can stake LBTC through Bybit Web3.

Bitcoin stands as the undisputed giant of the cryptocurrency space, commanding the largest market capitalization. Yet, much of its potential remains untapped, often sitting idle as a store of value rather than actively participating in the thriving 

 ecosystem. Lombard Finance aims to change this narrative by unlocking Bitcoin's utility and integrating it seamlessly into DeFi.

Lombard is built upon Babylon, the innovative Bitcoin staking protocol, and is incubated by Polychain Capital. Lombard’s flagship product, 

 (LST) for BTC. This article explores what Lombard Finance is and how LBTC works, and describes the Lombard ecosystem and how you can stake LBTC through Bybit Web3.

 is a liquid staking protocol that focuses on transforming 

's role in the digital economy. Its core mission is to evolve BTC from simply being a store of value — also viewed as 

 — into a productive asset that actively generates yield and participates within DeFi. Currently, a significant portion of Bitcoin's

 sits idle, lacking the native staking capabilities or cross-chain composability seen with assets such as 

Lombard Finance addresses this shortcoming by building on top of 

, a protocol that supports BTC staking without needing 

 or custodians. Babylon allows Bitcoin's economic weight to secure other 

 (PoS) chains and applications, creating a new yield source for holders. Lombard leverages this foundation to offer LBTC, making staked BTC liquid and usable across the DeFi market.

Lombard’s goal is ambitious: to channel Bitcoin's vast liquidity into DeFi. This could potentially double the ecosystem's 

 (TVL) if even a fraction of available BTC is introduced. Lombard believes this integration will catalyze significant growth and create more sustainable market dynamics by making BTC a core, yield-bearing primitive within DeFi.

Founders and investors of Lombard Finance

Lombard Finance was founded in April 2024 by a team with deep expertise within DeFi, drawing talent from established crypto projects like Polychain, Babylon, Argent, Coinbase and Maple. This collective experience underpins the protocol's design and strategic direction.

The project was notably incubated by Polychain Capital, a prominent crypto investment firm that also led Lombard's $16 million seed funding round (which was 

 in July 2024). This round saw participation from a wide array of significant players in the crypto space — including Babylon, dao5, Franklin Templeton, Foresight Ventures, HTX Ventures, Mirana Ventures, Mantle EcoFund, Nomad Capital, OKX Ventures and Robot Ventures — thus highlighting broad industry confidence in Lombard's vision. Strategic partnerships and contributions from exchanges like

 and Bitget are further bolstering its distribution and liquidity aggregation efforts.

LBTC is Lombard Finance's flagship product — a liquid staking token (LST) that represents Bitcoin staked through the Babylon protocol. Designed as a universal liquid BTC standard, LBTC is fully backed 1:1 by native Bitcoin, ensuring its value is directly tied to the underlying asset.

The token is yield-bearing, capturing rewards generated from securing PoS networks via Babylon staking. Crucially, LBTC remains liquid, meaning holders can freely use it across various DeFi applications — such as 

 and automated vaults — without sacrificing their underlying staked positions or associated yield.

LBTC is also designed for cross-chain compatibility, natively minted on supported blockchains like Ethereum, Base and Sui and using secure infrastructure [such as 

]. This avoids the risks associated with traditional bridging or wrapping methods, thus aiming to provide a more secure and seamless way to utilize Bitcoin across the multichain DeFi ecosystem.

Lombard Finance simplifies the process of putting Bitcoin to work within DeFi through its LBTC token. The mechanism is designed with security and user experience in mind, leveraging the Babylon protocol and a robust Security Consortium.

The core benefit of LBTC lies in its ability to unlock multiple layers of value simultaneously. Holders earn native yield from Babylon staking, potentially accrue additional rewards (such as Lombard Lux points) and gain access to diverse DeFi yield opportunities, all while maintaining the liquidity of their Bitcoin position. This transforms BTC from a static asset into a dynamic, yield-generating component of the DeFi ecosystem.

Lombard Finance is actively building a wide LBTC ecosystem that already boasts over 75 DeFi integrations. Security is foundational, anchored by the 14-member Security Consortium (including prominent names like Galaxy and OKX Ventures) and validating all critical operations alongside audits and bug bounties.

Core infrastructure relies both on Babylon for staking, and on the Chainlink CCIP for secure cross-chain movement, with EigenLayer integration 

. LBTC integrates with leading DeFi applications across lending platforms (e.g., 

) and automated vaults. The platform supports multiple blockchains (including Ethereum, Base, Sui, BNB Chain) and 

 (L2s), positioning LBTC as a versatile cross-chain asset.

Here's how you can stake BTC on Lombard and use LBTC in DeFi and automated vaults.

Lombard Finance (via its LBTC token) offers a compelling way for Bitcoin holders to put their assets into use, earn yield via Babylon staking and gain exposure to the expansive DeFi ecosystem — all while maintaining liquidity. Incubated by Polychain Capital and supported by a robust consortium and growing partner network, Lombard is positioning LBTC as a secure and versatile liquid Bitcoin standard.

It’s easy to participate in the Lombard ecosystem through 

, you can utilize your Bybit Web3 Seed Phrase Wallet to stake BTC and mint 

, Lombard's vault token that represents deposits in automated yield strategies. This provides you with a seamless gateway to access Bitcoin liquid staking and DeFi yields.

Ready to unlock your Bitcoin's potential? 

Intermediate

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Lombard Finance: Polychain-backed Bitcoin liquid staking protocol

The cryptocurrency market has entered a phase reminiscent of past altcoin seasons, primarily driven by Bitcoin's recent rebound to the $94K–$96K range. 

Altcoin season might have come with reviveding speculation 

The cryptocurrency market has entered a phase reminiscent of past altcoin seasons, primarily driven by Bitcoin's recent rebound to the $94K–$96K range. This resurgence has sparked renewed interest among retail traders, shifting focus from Bitcoin to smaller, more speculative altcoins. The overall market saw a 10% increase in value during the final eight days of April, contrasting with Bitcoin's 7% gain. This trend indicates a growing appetite for risk among investors, particularly in meme coins, which have seen a surge in social media discussions.

However, caution is warranted as elevated crowd enthusiasm often precedes market corrections. Historical patterns suggest that when buzzwords like "altseason" are dominating discussions, it may signal an impending price exhaustion. The current market dynamics reflect a shift toward speculative investments, raising concerns about the sustainability of this enthusiasm.

Bitcoin's bullish sentiment substantially improves

Bitcoin's position as the leading cryptocurrency has remained steady, with discussions around its price fluctuating significantly. Following a period of pessimism, when predictions dipped as low as $10K–$69K, sentiment shifted dramatically with the price recovery. Now, optimistic projections of $100K–$159K are dominating conversations, indicating a reversal in trader sentiment.

Despite Bitcoin's consistent presence in market discussions (approximately 25% of asset topics), the ratio of bullish-to-bearish commentary has grown increasingly favorable. This suggests a growing confidence among traders bolstered by Bitcoin's recent performance. However, it’s essential to monitor whether this bullish sentiment translates into sustained investment, or if it leads to overconfidence that may trigger a market pullback.

Ethere, once a robust contender in the altcoin arena, has struggled to regain retail investor confidence despite recent bullish commentary and promises of innovation from co-founder Vitalik Buterin. Its social media presence has dwindled to about 6–7% of discussions, a significant drop from previous years. This decline highlights the challenges Ethereum faces in re-establishing itself as a go-to investment in a market increasingly dominated by speculative assets.

Conversely, XRP has seen a notable increase in optimism surrounding ETF approvals, with expectations rising to 85%. This shift reflects a broader trend of institutional interest in cryptocurrencies, potentially paving the way for significant capital inflows. Meanwhile, Dogecoin's potential ETF listings have sparked renewed interest, transforming its image from that of a meme coin to a legitimate investment option. The growing dialogue surrounding institutional adoption of Dogecoin and XRP indicates a pivotal moment for these assets, suggesting they may play critical roles in the evolving cryptocurrency landscape.

Advanced

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Bybit x Santiment social sentiment report: Altcoin sentiment recovers despite Bitcoin’s resilience

Bybit Spread Trading allows traders to simultaneously buy and sell two related instruments in order to hedge risk or profit from price discrepancies. Read more.

Whether markets are flying high or wobbling unpredictably, one thing remains true: traders are always looking for smarter ways to 

 and find profit opportunities. That’s where Bybit Spread Trading comes in. This feature is tailor-made for those who want to go beyond basic buy/sell plays and start taking advantage of price discrepancies between related instruments. In this guide, we’ll walk through exactly how Bybit Spread Trading works, why it matters and how you can start using it today, whether you’re 

is a newly launched Bybit feature that allows users to simultaneously buy and sell two related instruments — such as Spot, Perpetual or Expiry contracts with different settlement dates — in order to hedge risk or profit from price discrepancies.

This type of trading strategy is popular among institutional and professional traders because it enables more precise, controlled market exposure. However, with Bybit’s interface, the barrier to entry is significantly lowered, opening the door for individual traders to tap with just a few clicks into a powerful set of tools.

At its core, Spread Trading on Bybit is about executing what’s called a combo trade. This means entering two positions at once: one long, one short. These positions are taken on related instruments, such as a BTC Spot trade and a BTC Perpetual contract, with the idea that their prices will either converge or diverge in a way that benefits your position.

When you place a buy combo, you’re buying the instrument with the longer expiration (the “far leg”) and selling the one that expires sooner (the “near leg”). 

A sell combo is the reverse: selling the far leg and buying the near leg. The profit (or loss) comes from how the spread between these two instruments shifts over time.

For example, if you believe the spread between a Perpetual and a Quarterly Futures contract will widen, you can buy the combo. If the spread increases after your entry, that movement becomes your profit. Bybit calculates your 

 prices automatically, based on the mark prices and your defined “order price,” so there’s no need to manually crunch the numbers.

Perhaps the most important feature here is atomic execution. This ensures both sides of your combo trade are filled together, in equal quantities, or the trade doesn’t go through at all. It removes “leg risk,” which is the danger of getting filled on one side of the trade, but not the other. In volatile markets, that alone can save you from an unwanted mess.

Spread Trading on Bybit currently supports combinations such as Spot and Perpetual, Spot and Expiry, Perpetual and Expiry, or even two Expiry contracts with different dates. This flexibility lets you build strategies that align with different market outlooks — bullish, bearish or neutral.

There’s a strong reason why Spread Trading is a go-to for many experienced traders: it allows for strategic plays that are more sophisticated than just guessing price direction. On Bybit, it’s not only powerful, but also convenient.

First, you get price certainty. Your spread is locked in at the price you specify. There’s no 

 between legs because the entry prices are automatically calculated and matched. You’re trading the spread, not the individual legs.

Secondly, the trading experience is smoother. Instead of placing two separate orders and manually trying to sync them, Bybit handles everything as a single transaction. You don’t have to worry about whether one leg gets filled and the other doesn’t — that risk is eliminated through atomic execution.

Third, this setup is a great hedge against volatility. By taking opposing positions on two related contracts, you reduce exposure to sharp price movements. Your P&L becomes more about the relative performance between contracts, rather than the market direction itself.

There’s also a strong cost advantage. Trading spreads on Bybit is significantly cheaper than doing it manually. You pay only half the trading fees you’d incur if you placed two individual trades on the order book. For high-volume or 

, that translates to meaningful savings over time.

Finally, it unlocks strategy flexibility. Whether you're 

 funding rates between Spot and Perpetual, doing 

 with different Futures contracts or taking advantage of price convergence before expiry, this platform gives you the tools to execute those ideas efficiently.

How to get started with Bybit Spread Trading 

Now that you have a better understanding of how Bybit Spread Trading works, let’s look into how to get started. Please note that you’ll need to have a Bybit account in order to proceed. If you don’t already have one, please check out our 

 for more information on how to create a Bybit account.

: Log in to your Bybit account and hover your cursor over the 

: The available spreads are organized in a grid, with each tile representing a unique combo. Choose your preferred combo to trade.

Tiles with a border around them signify that Spread Trading offers a better price. Hover over a tile for more details, or use the bar at the bottom of the grid to explore more options.

On the order placement page, set up your order with the following parameters:

to place your order. A pop-up window will appear for you to confirm your order details. Then, click on 

Congratulations — you’ve successfully placed an order!

You can view your Spread Trading orders from any trading page (Spread Trading, Spot and Futures), as they all share the same order data.

 to view your active orders. You’ll be able to view the combo, underlying asset, order price and more. 

If you would like to adjust your order parameters, you may click on the pencil icon under 

. To cancel your order, simply click on the order’s corresponding 

to view your completed orders. To view each order’s information on each leg, click on the order’s corresponding 

button. For additional insights, click on 

Spread trading isn’t for everyone — but if you’re someone who enjoys strategic trading, hedging or arbitrage, it’s a tool worth adding to your arsenal. It appeals to traders who are less interested in taking a directional bet, and more focused on capitalizing on inefficiencies in the market.

You don’t have to be a pro trader to benefit, either. The simplified execution and intuitive UI mean even intermediate users can explore advanced strategies without being overwhelmed. As long as you understand how spreads work, and how your P&L is affected by their movement, you’re already halfway there.

More importantly, in times of market uncertainty or low volatility — when price action feels sluggish — spread trading gives you an alternative way to profit. It keeps you in the game — even when momentum plays aren’t cutting it.

Bybit Spread Trading is a powerful tool that combines simplicity with sophistication. Whether you're looking to hedge, save on fees or experiment with 

 strategies, it offers a clean and user-friendly way to do so. With lower risk, lower costs and plenty of flexibility, Bybit Spread Trading is a smart move for any trader looking to level up their game — especially when markets get messy.

bybit spread trading.png

Bybit Spread Trading: Smart strategies for market swings

DeFi

GameFi

web3

Earn-and-play, collect NFTs and stake $ILV. Here, we take a look at the Illuvium game, how it works, and what you can do with its assets. Earn-and-play, collect NFTs and stake $ILV. Here, we take a look at the Illuvium game, how it works, and what you can do with its assets.

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Blockchain games have evolved by leaps and bounds over the last few years, going from games for simple non-fungible token (NFT) collectibles like CryptoKitties to fully fleshed-out play-to-earn games, where players can farm crypto and NFTs that can be traded on the market. 

Illuvium is the latest blockchain gaming sensation to take the crypto world by storm. It’s an open-world sci-fi role-playing game (RPG), monster collector and auto battler built on Ethereum, scheduled to be released on Mac and PC in 2022. 

The game features a play-to-earn structure. Players can earn in-game crypto token rewards by participating in competitions and quests. It uses the blockchain to guarantee the collectibility of in-game items and create a working digital economy. In this guide, we’re going to take a look at what Illuvium is, how it works, and what you can do with its assets.

Illuvium is a role-playing game (RPG) that allows players to create 3D characters for real-time, character-focused gameplay in an open-world setting. Players can traverse the alien world of Illuvium and participate in quests to uncover the mysteries of the planet, hunt and capture native creatures called Illuvials, earn in-game rewards, and stake their assets in a decentralized, zero-fee framework.

In Illuvium, players can interact with items and Illuvials. These in-game assets — including skins, items, emotes and collectibles—exist as 

 that are stored in player wallets. In simplest terms, NFTs are cryptographically unique digital assets that are written using smart contracts, making it easy to trace individual ownership. NFTs which players acquire from playing Illuvium can be traded in-game, or on Illuvium’s decentralized exchange, IlluvDEX, and third-party platforms like OpenSea. 

The Illuvium platform’s native ERC20 token, ILV, is available on crypto exchanges. Players don’t need to hold tokens to play Illuvium. In fact, the game is free to play in 

 regions. The main functions of ILV tokens are governance, liquidity mining and vault distributions. The game is completely decentralized and features a governance structure that revolves around the ecosystem’s native coin. 

Play-to-earn games such as Illuvium are commonly referred to as 

, which is a portmanteau of “Game” and “Finance.” They represent an entirely new class of blockchain games that reward players who complete quests or participate in tournaments with something tangible, albeit digital, for putting in the time and effort to play. 

Illuvium isn’t the first play-to-earn blockchain game to enter the market. In 

, players can collect, trade and battle pets, and create kingdoms for them to live in. 

, scheduled to debut in spring 2022, takes its inspiration from popular multiplayer builder games like Minecraft. 

What sets Illuvium apart from these blockchain gaming titles is its 3D open world with a massive explorable landscape, high production value NFTs and carefully crafted storytelling, which gradually reveals parts of the plot as players progress. It’s specifically designed to appeal to video game aficionados and players who enjoy big-budget AAA-rated game titles. In comparison, Axie Infinity is a quirky 2D game that’s more akin to Pokémon, and My Neighbor Alice is a 2D farm builder that shares a lot of similarities with Animal Crossing. 

If Illuvium manages to make good on its promises and deliver, it could potentially become the first successful AAA-rated game ever built on the blockchain — ushering in a new era of synergy that merges online gaming with cryptocurrencies. 

Naturally, Illuvium has generated a lot of buzz among gamers by offering crypto enthusiasts the first-ever AAA-rated blockchain gaming experience on the Ethereum blockchain. Since there are currently no immersive open-world RPG games with quality 3D special effects in the crypto universe, it’s a significant step up from simple NFT-collectible games like CryptoKitties. 

Within the in-game world, players take on the role of a member of a transport ship from an intergalactic space fleet, investigating a distress beacon from a mysterious ruined planet that’s almost completely covered by a vast crystal ocean. An extreme weather event on the surface of the planet creates a burst of radiation that disables the ship’s engines, causing it to crash-land on the planet’s surface.

Your character is the only survivor of the wreckage. As you explore the land around you, you discover majestic creatures with godlike elemental powers. Fortunately, your race has already mastered similar energies, so you’re able to capture and control these creatures, called Illuvials, and store them in slivers of crystal called “shards.”

To uncover the mysteries of this strange planet, characters take on the role of a hunter and travel across the land to capture Illuvials and unlock obelisks that grant access to new, more challenging regions on the planet. 

More than 100 Illuvials populate the planet, each with unique stats and abilities. Some are easy to find, while others are incredibly rare. These deity-like creatures are divided into a variety of classes (Fighter, Rogue, Guardian, Psion and Empath), and have elemental affinities (water, air, fire, earth and nature) that dictate their abilities. 

The successful capture of an Illuvial results in the minting of a new NFT that’s stored in the player’s wallet. The creatures can synergize and form symbiotic relationships with one another, based on common classes or affinities. Different synergies create different bonuses. Players can fuse multiple captured Illuvials to make them evolve into more powerful forms. This is achieved with a burning mechanism which destroys their source NFTs, and mints a new one that represents a more powerful beast. 

Illuvium is also an auto-battler game. Hunters are encouraged to use their upgraded Illuvials to build the ultimate fighting team and battle other characters’ Illuvials in player-versus-environment (PvE) and player-versus-player (PvP) battle arenas. Players earn rewards and maintain a winning streak to acquire the rank of best hunter on the planet. Training your team through combat will make them level up and grow stronger as they develop their powers. 

Players can also earn in-game rewards in the form of ILV tokens by completing quests or participating in competitions. In-game assets and ILV tokens can be traded on IlluviDEX, the in-game marketplace. 

The game is still in development and some of the details above are subject to change. 

Illuvium released a cinematic gameplay trailer in October 2021. A full trailer release is slated for November 2021. Watch the first gameplay trailer below to get a taste of what the world of Illuvium will look like from a player perspective: 

Illuvium is expected to launch its public beta in Q1 2022. The developers haven’t yet released an exact date, but according to the 

, the first Illuvium title will be released on PC and mobile in 2022. A second title is tentatively scheduled for 2023.

, which is an advanced real-time 3D creation tool.

Battles in the game occur in a simulation coded in C++ that’s hooked up to Unreal Engine to create stunning visual elements and ensure game instances are executed in a matter of milliseconds. The game also features a cinematic mode (showcased in the gameplay trailer) that allows players with less powerful machines to render matches in high quality. 

Every region within the game world features assets created by professional digital artists. The game uses proprietary technology to seamlessly render these assets, achieving a cinematic feel with a fast graphics load time. 

, its back end is hosted on infrastructure provided by Amazon Web Services (AWS). Core back end services are built using a serverless model with 

 to enable cost-effective, unlimited scalability.

All of the above sounds like what you’d expect from a standard modern game — which begs the question: Why is Illuvium opting for 

, the primary goal of the project is to create a fully decentralized and autonomous game. DeFi projects have experienced tremendous growth over the past year, and the developers are hoping to leverage this growth to bootstrap a platform that can hit the ground running. 

There are currently no AAA-rated games offering an immersive open-world experience with cinematic quality 3D graphics on the blockchain. Illuvium is poised to capture that market by merging cryptocurrency and gaming in a way that’s alluring for hardcore gamers, crypto enthusiasts and the general public.

NFTs on Illuvium represent verifiably unique entities which exist inside the game. One of the biggest selling points of Illuvium is that its NFT transactions are instant — and require zero gas fees. Illuvium is integrated with

, which gives it Layer 2 scaling capabilities. That means it can support fast transactions, and requires no gas fees. 

Digital media in the crypto space have long struggled with slow transaction speeds and high gas fees, pushing the Ethereum network’s transaction throughput to its limit. Immutable X is a project that’s specifically seeking to increase transaction throughput in blockchain gaming systems. 

 (or zk-rollups) to enable players to securely maintain the self-custody of NFTs while scaling the network to over 9,000 

. Immutable X is considered one of the best solutions for scaling Ethereum, and the technology it uses has even been endorsed by Ethereum co-founder Vitalik Buterin in his 

Immutable X is essential for making the exploration of the Illuvium world efficient and free of distractions, such as constant gas fees and transactional delays. This scalability gives players the freedom to explore, collect, battle and earn. There’s already a collection of cosmetic and promotional NFTs that have been 

 token that exists on the Ethereum blockchain. Its function as an in-game reward is pretty self-explanatory, and it’s not required for gameplay, so we’ll focus on its other uses in this section. ILV tokens have two core functions: 

All in-game purchases in Illuvium require Ether (ETH), not Illuvium token (ILV). ETH will function as the primary currency for Illuvium for the foreseeable future. 

Illuvium has an additional token called sILV, which stands for Synthetic ILV. As the name implies, it’s a synthetic version of ILV that’s used as in-game currency; however, it can’t be used for player-to-player transactions, such as buying or selling Illuvials. Anyone can earn sILV by staking ILV in the protocol. The value of sILV is pegged to the value of ILV. 

 to increase community engagement and decentralize the DAO. ILV holders have the option to stake and lock up their tokens in a smart contract to access the liquidity mining program. Through yield farming or liquidity mining, a person lends their crypto to a protocol to help keep its funding pools liquid. In exchange, the lenders earn lucrative incentives. 3 million ILV have been set aside for yield farming rewards. 

Illuvium’s liquidity mining program creates a more liquid and transparent market for trading ILV. It has two core staking pools and flash pools, where users can stake their tokens to earn additional earn rewards. Let’s break that down:

Users who stake in the core pools have the option to lock their tokens for a period of up to one year to increase their token weight. The higher your token weight, the higher your ILV token distributions. You essentially compound your rewards if you opt to lock up your tokens for a year. 

The rewards for users who choose to lock up their coins are escrowed for the duration of the lockup period. Staking users who don’t want to wait can choose to instantly claim their rewards in sILV, which again is pegged to the price of ILV and only functions inside the game. 

Even though ILV only hit the market in March 2021, it’s already available on numerous top cryptocurrency exchanges with good trade volume. Illuvium’s price managed to reach an all-time high of $2,868.95 in May 2021, and in November 2021 its 

 reached an astonishing $838 million. There’s a lot of demand for the token in anticipation of the official launch of Illuvium in Q1 2022. 

Illuvium is the most ambitious blockchain game announced to date, and the first to offer an AAA-rated gaming experience on the blockchain. As a fully decentralized protocol, it represents a new age in gaming where players can earn distributions and vote on issues related to the game itself. There’s a lot of hype around the project, and for good reason. It’s definitely worth keeping an eye on this ambitious project. 

Keen to find out more play-to-earn crypto games and more? Here’s our esssential guide to 

Illuvium Game: Collect NFTs, Earn ILV and Stake Tokens

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