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.

Positive sentiment around potential US trade deals has fueled a sixth straight day of gains in risk-on assets. Bitcoin, boosted by this sentiment and its own drivers, such as strong ETF inflows and regulatory progress, has outperformed gold and equities, rising 14% over the past month and consolidating at $94K. Bitcoin’s implied volatility has decreased significantly, while realized volatility has stabilized above 30%, a level that’s been its floor for the past 18 months.

Please check out the report’s highlights.

Perp at months’ high; traders not yet all-in

After rallying from $75,000 to over $95,000 in early April, Bitcoin has traded sideways at around $94,000 this week. Open interest remains stable for April, near all-time highs at $8B, while trade volumes have decreased to $10B per day. Lower trade volumes correlate with lower realized volatility, and perp positioning suggests that traders are waiting for another rally before committing to major positions, mindful of recent sell-offs.

Bitcoin volatility declines to 18-month low

Bitcoin’s volatility has declined, nearing a previously held floor of 35–40%, a level from which it has consistently rebounded over the past 18 months. Implied volatility has followed a 10-point drop in realized volatility to just above 30%, the floor of its 18-month range. Options activity shows a preference for puts, as BTC’s spot price is remaining stable. Volatility smile skews favor out-of-the-money calls, particularly for long-term options, while short-term options are nearly neutral.

BTC volatility smiles skew toward OTM calls

Bitcoin's volatility smiles now favor out-of-the-money (OTM) calls across all tenors, recovering from a put-call skew that strongly favored puts earlier in April. Ether is showing a similar recovery at short tenors, but longer-term skew remains slightly bearish. While ETH funding rates are positive, longer-term option smiles are skewing toward puts, thus presenting mixed sentiment. For BTC, derivatives markets are indicating clearer bullish signals, including positive funding rate spikes, positively sloped futures yields and a skew toward OTM calls.

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Bybit X Block Scholes crypto derivatives analytics report (Apr 30, 2025): Bitcoin volatility at 18-month low; data shows traders aren’t yet all-in

Grayscale has launched the Bitcoin Adopters ETF, which tracks companies with a corporate Bitcoin treasury strategy. 

Daily top performer — Curve Finance (CRV)

The S&P 500 rose 0.15% as investors shrugged off recession fears and reacted positively to strong tech earnings, with focus now shifting to upcoming Apple and Amazon results. Gold dropped to $3,245 on US-China trade optimism and a stronger dollar, with Fed rate cut hopes cushioning losses. The Coindesk Indices, which tracks the broader crypto market, fell 0.51%, with Bitcoin and Ether down 1.24% and 0.86%, 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 CRV, which surged 11.4% after Spark's integration of new Curve pools, enhancing stablecoin liquidity and improving DeFi infrastructure.

Curve Finance (CRV), launched in 2020, is a DEX on Ethereum for low-fee swaps between stablecoins and similar assets, with yield-earning pools and DAO governance via the CRV token. Spark has 

 sUSDS/USDT and USDC/USDT Curve pools to its Spark Liquidity Layer (SLL), boosting stablecoin liquidity, enabling easier swaps, and supporting future direct USDT deposits and withdrawals via Spark Savings.

Check out the latest prices, charts, and data of 

 the Bitcoin Adopters ETF, which tracks companies with a corporate Bitcoin treasury strategy. The ETF includes firms like Tesla, Blockstream, and MARA. It reflects the growing trend of companies acquiring Bitcoin as a hedge against inflation. Grayscale's fund aims to provide exposure to companies in sectors like mining, automotive, and energy. Institutional BTC adoption, including Michael Saylor's Strategy, is driving Bitcoin's scarcity, which may lead to a supply crunch and rising Bitcoin prices in the future.

Yesterday, BTC spot ETFs saw $323.3M in outflows, with $32M from GBTC and $291.3M from other ETFs.

 its largest Galxe points event, running from May 4–8, 2025, where users can complete tasks to earn points. They also introduced the AlphaWave competition, a 7-day AI trading contest featuring 25 crypto agents. Users can vote for the agent they think will win to earn rewards and complete Galxe quests. New tasks will be added throughout the week.

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Grayscale launches Bitcoin Adopters ETF, tracking companies with BTC treasury strategies

Discover how USDY, a yield-bearing stablecoin from Ondo Finance, offers secure, regulated returns backed by US Treasuries across multiple blockchains.

, which are crypto assets pegged to a major fiat asset, have gained tremendous popularity and are helping investors deal with the typical volatility of the market. For many years, stablecoin cryptocurrencies have been used for payments, principal value storage, B2B transactions and more. However, traditional stablecoins have always lacked the ability to generate yield. These assets are fixed at a certain rate (e.g., $1) and, due to inflation, they don’t protect against your funds’ value erosion. 

 have started to gain traction over the past several years. These "new generation" stablecoins, unlike their traditional counterparts, not only provide rate stability but also generate yields, growing your investment over time. One of the leading assets among yield-bearing stablecoins is US Dollar Yield (USDY), issued by Ondo USDY LLC, part of 

Backed by low-risk traditional finance (TradFi) reserves, USDY generates yields and is a fully composable asset that can be used throughout the DeFi ecosystems of multiple blockchains. The reserves and issuance of the stablecoin are also subject to high regulatory controls. In the world of yield-bearing stablecoins, USDY is among the top choices in terms of popularity, regulation and security.

What is the Ondo US Dollar Yield (USDY) Token?

 (USDY) is a yield-bearing stablecoin offered by Ondo USDY LLC, part of the Ondo Finance DeFi solutions provider. 

USDY’s value tracks that of the US dollar, and it’s backed by Treasury bills and demand deposit reserves. The coin issuer’s parent company, Ondo Finance, specializes in institutional-grade crypto solutions. Ondo aims to make on-chain institutional-grade finance tools and infrastructure accessible to anyone.

USDY was launched in August 2023. As of April 2025, the stablecoin has become available on 

 — a level of multichain coverage that few other stablecoins can match.

While USDY’s price tracks the US dollar’s, its rate is typically somewhat higher than $1 because yields earned by each unit of the stablecoin are added to it, increasing its nominal value.

 (RWAs), primarily Treasury bills, although some portion of the reserves may also be represented by bank demand deposits. Both of these financial asset types are considered cash equivalents.

To ensure the Ondo ecosystem's security, Ondo backs each $100 equivalent of USDY with reserves worth $104, maintaining a 4% overcollateralization rate at all times.

Ondo Finance takes the transparency of USDY seriously. The company has established a bankruptcy-remote mechanism, with a separate corporate entity controlling the issuance and oversight of the stablecoin in various ways, including a board of directors with an independent director, and segregation of assets and reporting from Ondo.

USDY is a fully composable asset that can be used in the DeFi ecosystems of its host blockchains for various purposes, such as collateral, 

USDY provides several significant benefits for its holders. First, it allows eligible individual and institutional investors to earn dollar-denominated yield. This is in contrast to traditional stablecoins, which provide no yield opportunities at all. While other yield-bearing stablecoins also generate returns for holders, some of these pay the yields in volatile cryptocurrencies, rather than high-quality assets.

Thanks to its dollar peg, USDY offers both yield and relative stability. Additionally, it’s fully composable, creating opportunities for use across various DeFi protocols. USDY is available on seven blockchains, providing access to more DeFi opportunities than most yield-bearing stablecoins.

The coin may also be used for passive holding, growing in value over time as yields accrue. In this capacity, USDY represents a good low-risk, on-chain investment opportunity.

Finally, USDY’s overcollateralization and backing by high-quality TradFi assets, Treasury bills and demand deposits make it one of the most secure yield-bearing stablecoins on the market.

How does Ondo US Dollar Yield (USDY) work?

Individuals and institutional entities need to undergo an onboarding process to acquire USDY, during which they submit relevant identity, legal and tax documents. Ondo diligently applies 

 (AML) checks in order to adhere to US securities laws, the Investment Company Act of 1940 and other relevant regulations.

US and UK residents cannot apply to buy USDY, although you may be eligible if you’re a US or UK citizen and reside abroad.

If your application is approved, you can be issued USDY 40 to 50 days after your initial deposit date, although you’ll start earning yield from the first day of your investment. The minimum amount for investment or redemption is $500. You can buy USDY from Ondo using the 

 stablecoin. US dollar wire transfers are also supported for amounts over $100,000.

Redemptions are only transferred in US dollars to bank accounts outside the US. You can redeem your USDY investment at any time, and the typical timeline to receive your funds is about 2–3 business days from the date of your request.

USDY accrues yield daily. The stablecoin’s yields are structured not to incur any US federal tax obligations. Ondo doesn’t charge any performance or management fees for USDY yields. However, the company earns income from a portion of yields generated by the underlying assets backing USDY.

As noted earlier, USDY’s yields accrue to each unit of the token. Therefore, the value of one USDY is usually above $1. For instance, the average value of USDY as of the time of this writing (Apr 30, 2025) is $1.11.

For investors who prefer a fixed $1 rate for the stablecoin, Ondo offers the rebasing version, called rUSDY. Yields for rUSDY are paid to your wallet in the form of additional tokens by increasing the supply of the crypto, while the principal remains at (or very close to) $1. This is known as rebasing. USDY and rUSDY are freely convertible between each other.

The rebased version of the coin might be useful to those who need to ensure rate stability (for example, for B2B payments of agreed-upon contractual amounts) while also earning yields from their investments.

 as a swap pair with the USDT stablecoin.

USDY boasts numerous benefits for investors — low-risk yields from high-quality traditional assets, wide multichain coverage, regulatory compliance, transparency, composability and rate stability. The combination of all these benefits is quite rare in the crypto market, and the investor community is definitely taking note: USDY is already the third-highest-ranked yield-bearing stablecoin by market cap as of late April 2025. 

Since the yield-bearing stablecoin niche is expanding, the advantages of the USDY are likely to attract further interest, both among the institutional crowd and with individuals keen to access high-quality, institutional-grade crypto products.

Intermediate

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What is Ondo US Dollar Yield (USDY) and how does it work?

Discover the 7 top Sui meme coins in 2025, from MIU to HIPPO, as they gain traction with fast growth, strong communities, and unique use cases.

 blockchains, have continued to rally as investors make bold moves with renewed risk appetites. As a 

 blockchain, Sui has continued to attract crypto enthusiasts — especially meme coin lovers, who appreciate the platform's speed and affordability.

Recent surges in trading volumes and market caps of SUI meme coins — such as MIU, LOFI and BLUB — highlight growing investor interest. For instance, BLUB experienced an 88% increase in just 24 hours from Apr 22–23, 2025, contributing to the broader rally of SUI as its price surged over 63% in April 2025.

These coins often incorporate unique themes and philanthropic efforts, such as HIPPO's wildlife conservation donations, that foster strong community support.

Let's look at the top Sui meme coins making waves in the crypto market.

​Sui-based meme coins are rapidly gaining traction due to a combination of technological advantages and vibrant community engagement. The 

 parallel transaction execution and unique gas pricing mechanism enable ultrafast transaction speeds and minimal fees. This makes Sui an ideal platform for the high-volume, speculative trading that meme coins often entail. Sui’s scalability and secure Move programming language attract developers seeking efficient and safe environments for launching their new tokens.​

 (DeFi) further supports meme coin growth, providing avenues for increased utility beyond mere speculation. Following are the top ​Sui meme coins based on market cap, as of Apr 30, 2025.

 is currently the leading ​Sui-based “cat meme coin,” with a market cap of $70.6 million. It draws in investors with its fun, energetic branding and community-driven spirit. MIU also features expanded utility beyond its cute cat hype, allowing users to access DeFi and 

 (NFT) opportunities on its platform. It also promotes long-term commitment via its 

 process, as stakers can earn up to 15% APR with 12 months of staking.

The project frequently launches community events and contests, strengthening its dedicated holder base. MIU’s success highlights the growing appetite for meme tokens on scalable blockchains like Sui. Its playful appeal and strong tokenomics have positioned it at the top of the ​Sui meme sector. MIU is a 

 coin: its total supply is 9 trillion tokens, of which 55% are dedicated to a 

, 15% allocated to staking rewards, 15% to ecosystem development, 10% to community and 5% reserved for the team.

MIU continues to ride the wave of growing meme adoption, aiming to become a lasting force within the Sui ecosystem and beyond.

With a market cap of $35.86 million and over 50 million app users, 

 (MEMEFI) is an ambitious Telegram project that blends the world of memes with SocialFi utilities. Unlike typical meme coins that rely solely on hype, MemeFi aims to engage Telegram users with an interactive web3 meme-themed clicker game that offers daily giveaways and incentivizes ad creations for enterprises.

Its native token, MEMEFI, is more than just a mere meme coin, and has use cases for 

You can trade MEMEFI on Bybit’s Spot trading platform (

 is a rising ​Sui meme coin known for its chill "lofi vibes" branding that resonates with a younger, internet-native audience. Beyond its fun appearance, LOFI has demonstrated solid growth by tapping into communities through music, lifestyle and crypto.

The project also ties in eco-conscious initiatives, focusing on providing clean water sources for global communities and addressing the impact of ocean waste and plastic on marine health, giving it a mission-driven angle not typically seen in meme coins. Besides direct donating, minting LOFI Mystic Yetis NFTs also helps contribute to the cause, with 20% of the proceeds going to the LOFI Foundation.

Lofi’s accessible vibe and shrewd marketing strategy continue to attract new supporters, helping LOFI to stand out in the increasingly crowded ​Sui meme scene. 

 (commonly known as HIPPO) is a community favorite in the ​Sui meme world. The HIPPO token mixes humor with philanthropy, donating a portion of its revenues to wildlife conservation initiatives, starting with Thailand’s Khao Kheow Open Zoo that houses Moo Deng, the adorable pygmy hippopotamus that inspired this viral meme coin. This feel-good approach has helped build an extremely loyal community around the HIPPO token.

Sudeng’s dual focus on memes and real-world impact gives it staying power. The project’s growing community engagement ensures that HIPPO remains relevant in a fast-moving crypto space.

You can buy HIPPO as a USDT Perpetual contract on Bybit (

 is making waves in the ​Sui meme coin ecosystem with its aquatic-themed branding and integration of meme culture. Known for its friendly, community-first approach, BLUB frequently hosts giveaways, meme competitions and liquidity incentives to maximize engagement.

The coin’s fun branding and its steady increase in active users have helped BLUB climb the ranks quickly. Its strong online presence and viral meme campaigns have attracted crypto enthusiasts who are looking for the next breakout meme project. As it continues building partnerships and expanding its reach, BLUB demonstrates strong potential to become a staple in the Sui meme scene.

 (TOILET) is a rising meme coin on ​Sui that embraces humor and absurdity in a way that resonates with crypto culture. Its branding focuses on being intentionally ridiculous, tapping into the viral tone of meme coins that don't take themselves too seriously.

The project’s organic, community-driven growth has made it one of the most talked-about newer entrants in the ​Sui meme space. Frequent meme contests, community raids and spontaneous airdrops help fuel engagement. One of its biggest events is the distribution of Toilet Club Alpha Pass NFTs to the top 100 TOILET holders (as indicated by the Apr 21, 2025 screenshot), which gives holders access to all of Toilet Dust's projects and events and the right to vote on Toilet Dust's future development.

Despite its humorous façade, TOILET’s strong holder base and active marketing tactics suggest it may remain relevant as Sui’s meme coin ecosystem continues to expand.

 (FUD), another top project in the ​Sui meme coin category, is built around an adorable pug mascot battling FUD (fear, uncertainty and doubt) in the crypto world. With a humorous tone and clever marketing, FUD has built a vibrant community of holders who embrace both its memes and its mission.

FUD leverages trending memes, contests and airdrop rewards to keep its community marketing fresh and viral, helping it steadily grow in popularity. Its deep integration of ​Sui apps like 

 — as well as its deflationary tokenomics, whereby 20% is dedicated to token burning — makes FUD a strong contender for future growth in the meme space.

Buying ​Sui meme coins on Bybit can be exciting. Nevertheless, it's important to recognize the risks and rewards involved. 

, and their prices can swing wildly and quickly, offering chances for sizeable gains as well as sudden losses.

Always approach these investments with caution, never risking more than you can afford to lose. That said, the fast-growing ​Sui ecosystem and meme culture can create rewarding opportunities for traders who stay informed and manage their risk properly.

Currently, you can buy MEMEFI as a Spot pair and Perpetual contract on Bybit. HIPPO is also available as a Perpetual contract. This gives traders the flexibility to choose the type of exposure they want — simple buying and holding with Spot, or leveraged trading with Perpetual contracts.

Spot trading is the most straightforward way to buy ​Sui meme coins, as you directly purchase the coin and own it outright. On Bybit, the process is simple. After choosing the Spot pair, such as MEMEFI/USDT, select your preferred order type — e.g., 

(you set the price you're willing to pay) — and confirm the trade to make your purchase.

Spot trading is ideal for beginning traders, as well as anyone who prefers a more straightforward, lower-risk approach as compared to 

Buying Sui meme coins as Perpetual contracts

Bybit offers MEMEFI and HIPPO as USDT Perpetual contracts for those seeking more advanced trading options. With Perpetual trading, you don’t own the actual coins; instead, you speculate on their price movement. Key points to understand include the following:

Perpetual contracts can offer significant rewards, but require a strong understanding of 

. Always start with lower leverage and practice solid trading discipline.

Whether you prefer the simplicity of Spot or the strategy of Perps, Bybit provides flexible ways to explore the booming ​Sui meme coin market.

The rapid rise of meme coins on the Sui blockchain highlights the power of community-driven projects when they’re paired with innovative technology. Thanks to Sui’s high-speed transactions, low fees and developer-friendly environment, Sui meme coins like MIU, LOFI and HIPPO have found a perfect ecosystem in which to thrive. Each project brings something unique to the table — whether humor, philanthropy, DeFi innovation or pure meme culture — creating a vibrant and diverse ​Sui meme coin landscape.

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7 top Sui meme coins to pay attention to in 2025

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GameFi

MARBLEX is a gaming blockchain ecosystem. Built on Klaytn and created by Netmarble, MARBLEX allows users to play games while also earning and trading crypto.

Do you love both video games and decentralized finance (

)? If you're interested in the ways DeFi concepts can interact with video games, MARBLEX is a fascinating project to explore. This crypto system has the potential to add blockchain concepts to a lot of popular games. However, it's still a relatively new project that has a lot of development in store. Keep reading to learn more about MARBLEX and decide whether it's a smart investment for you.

Netmarble’s exciting new project, MARBLEX, consists of a blockchain platform that links Netmarble games with blockchain concepts. Within the MARBLEX ecosystem, gamers can buy NFTs, stake tokens and exchange cryptocurrencies. They can also earn in-game crypto rewards and spend crypto to get perks in the game. 

A3: Still Alive; Ni no Kuni: Cross Worlds;

MBX is the public token used for the MARBLEX system. This utility token is used to play games and trade with other players. People can turn MBX into game tokens that they use during gameplay, or use their MBX to buy items in the marketplace. MBX is also used externally: players can transfer it outside of the MARBLEX ecosystem and buy, sell or exchange it as with most traditional cryptocurrencies.

MBXL is a bridge token that helps the MARBLEX ecosystem run smoothly. This linking token lets players convert in-game tokens into MBX tokens with real-world value. MBXL is a private token, and only exists within the MARBLEX ecosystem.

MARBLEX's gaming ecosystem was developed by Netmarble, a South Korea–based company.

, Netmarble is one of the world's largest mobile gaming companies It’s known for producing mobile games for Disney, and running a metaverse company that manages virtual 

MARBLEX was launched in 2022 as a collaboration between Netmarble and Klaytn’s open-source public blockchain. The game company was inspired by a desire to discover new ways to bring exciting games to interested users. MARBLEX’s 

 emphasizes the company’s belief in blockchains and games as "mutually complementary" structures that can offer gamers attractive features while generating profit.

MARBLEX aims to explore new applications for blockchain technology. Their project hopes to take Netmarble's previous success in the mobile gaming industry and apply it to the DeFi world. The company believes that MARBLEX will allow mobile-style games to still flourish even as blockchains become more popular.

Netmarble's plan is all about unification. They’re attempting to incorporate several different popular concepts into one united ecosystem, so users can enjoy multiple convenient services without having to hop between different sites and systems. Fundamentally, their goal is to become involved in both cryptocurrency and 

The company hopes to stand out from other 

 and gamified cryptos by offering a high-quality, convenient user interface. Instead of rushing to throw out a lot of different confusing features, the company is taking its time and working to perfect each new addition to the MARBLEX ecosystem.

This gaming ecosystem uses both app-based and web-based systems that run on the Klaytn blockchain. A complex blend of various mechanics helps to keep the ecosystem running smoothly.

The PlayGround is the ecosystem's most popular feature. It functions by offering a broad range of games to players. Once you enter the PlayGround, you can browse a variety of games and install them on your computer or phone. The same Netmarble account can be used across multiple games, linking your MBX to multiple games in the PlayGround.

Each game has its own unique set of tokens that can all be converted to MBX at their own specified conversion rate. Netmarble uses unique tokens for each game to allow for more diversity. Publishers can craft token reward systems that suit their own specific game design and guidelines. Furthermore, using separate tokens for each game ensures that leading games can’t entirely dominate and manipulate MBX prices.

Though PlayGround is MARBLEX's main feature, it's not the ecosystem's only offering. Netmarble also provides a variety of other DeFi features via their blockchain game company.

The MBX Wallet provides a secure place for players to store all their tokens. Your game tokens are already connected to your account, but once you link the MBX Wallet to your gaming account, you can convert game tokens to real-world crypto. In addition to storing crypto, the wallet also lets you transfer funds between various MARBLEX services. You can download the 

 is a feature that improves transparency within the system, allowing you to view all transactions that occur. Explorer makes it easy to look at various NFTs, tokens and blocks. Users can browse through recent items, or search based on specific account addresses and block numbers.

 gives you access to brand-new NFTs, working as an

 and integrating events with the blockchain games. Additionally, users can complete various missions to potentially win new NFTs.

 is the ideal spot to trade MARBLEX products. Users can list various NFTs for sale, or purchase NFTs they want to own. Though some people use the MBX Marketplace to invest in NFTs, it's also popular among gamers. The objects for sale there can often boost your performance in various games.

 is an interface that helps users transfer in-game items into real-world crypto. Through MBX Swap, you can exchange game tokens for MBX and vice versa. Tokens within the Swap’s liquidity pools also let users earn interest on their savings without having to lock their assets.

 program (called "Marblership”) offers special features to people who sign up. This program is limited to a certain number of people, and those who enlist can mine MBX and access unique game coupons.

The MARBLEX system offers staking services for both MBX tokens and NFTs.Any product that you stake through this interface is locked for a set amount of time. During the staking period, you can earn EXP, used to level up your NFTs, or choose to earn interest on your tokens.

. In order to participate in staking, you first need to create your MBX Wallet. Once you have a wallet, you can click on the staking function and input the number of tokens you want to stake. Basic rewards will be doled out every five days, and if you stake your MBXL tokens for more than 90 days, you’ll earn more rewards.

 is done via a Season system. Each Season consists of a nine-day pre-staking period and an eight-week staking period. In the “off-season,” you collect rewards. Game token staking uses the MBX Wallet, and rewards are offered in MBXL. MARBLEX is currently holding its 

The MARBLEX game company's road map includes three separate stages. They began with MARBLEX 1.0, which consisted of developing the MBX token and getting the platform up and running with 

Once things were running smoothly, they progressed to MARBLEX 2.0. This stage added

 to the gaming platform and implemented many new DeFi concepts. The MARBLEX 2.0 ecosystem added the Dex 2.0 SWAP Service to easily exchange tokens, the NFT Marketplace and their Marblership membership program.

The company is now working on MARBLEX 3.0, a new stage of the road map that’s all about multi-chain technology. On Apr 19, 2023, they plan to launch their

 event. This metaverse gaming system lets people build their own locations and connect with players within the metaworld. After this launch, MARBLEX hopes to complete its 2.0 stage with the release of 

MBX is the utility token for the entire MARBLEX ecosystem. Everyone from game publishers to developers and users needs MBX to complete their transactions and cash out their rewards. The MBX token is a 

MBX is designed to be as sustainable and reliable a cryptocurrency as possible. By only working with quality publishers, MARBLEX ensures they maintain user trust and interest. To boost circulation, a portion of all game sales is distributed as user rewards, and another portion is reinvested into MARBLEX services. MBX is given as a reward for staking tokens, while MARBLEX also has a program to buy back and burn MBX. These measures help to halt inflation and keep stimulating the market.

MBX has a maximum circulating supply of 1 billion tokens. These tokens are 

Of the 75% of tokens reserved for the ecosystem and community, 50% are allocated to the community fund, 40% to the ecosystem fund and 10% to others.

After the implementation of token burning, MBX now has a total supply of 999.9 million tokens and a circulating supply of 51 million tokens. At its current price of $2.28 per token (as of Apr 19, 2023), MBX's market cap is $118 million, and its fully diluted valuation is $2.3 billion.

MBX has undergone a lot of shifts in price over the years. It launched in May 2022 at $16.25, and reached an all-time high of $20.74 on Jun 30, 2022. Since then, prices have gradually declined, though it did have some notable spikes in August 2022 and March 2023.

Crypto analysts believe that MBX is currently trending upward again.

 that the coin’s value may exceed $3 by May 2023. Long-term predictions also remain high, as 

 may be at $5.71 by the end of 2023, and reach over $9 by the end of 2025. MBX’s price is then expected to rise to $14.28 by 2028 and $27.10 by 2030.

Looking to trade MBX? Look no further, as Bybit now offers the MBX/USDT Spot trading pair. Simply sign up for a Bybit account, fund it with cryptocurrency and navigate to the 

MBX looks like an excellent investment for DeFi enthusiasts. This cryptocurrency has been created by a very reputable gaming company that's poised to release some of the biggest blockchain games yet. Since the token is necessary for all PlayGround games, it’s done an excellent job of maintaining its value in the months since it was released. Furthermore, most analysts agree that the coin’s price seems likely to increase.

Overall, the impressive publishers behind the cryptocurrency — as well as the positive market prognosis — make this crypto a very intriguing investment. Keep in mind that it's still a fairly new project, having only been around for a year. As with any other up-and-coming crypto investment, it's necessary to still exercise some caution and avoid overextending yourself.

MARBLEX has the potential to finally unite the worlds of gaming and DeFi. Unlike many other gaming blockchain projects, this game company is backed by experienced game developers, and publishes full games with complex, interesting gameplay. With its ability to offer both fun blockchain games and a convenient DeFi interface, MARBLEX has a bright future. For those interested in crypto investments, MARBLEX's native token, MBX, also looks quite promising.

MARBLEX (MBX): Introducing Users to the World of GameFi

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