Oh wow, $NIL in this move is absolutely insane.
Binance perpetual futures for 0.096, opened at around 0.076, spiked as high as 0.115, up about +27% over 24h. Volume is about 224 million U, with roughly 3.54 million trades. Open interest is around 91.14 million tokens, ≈ 8.76 million U. Funding rate is about +0.005%.
In a week, it pulled from around 0.040 to 0.096—about +139%.
The narrative anchor is Nillion’s official Encrypted Markets roadmap: in the Dusk phase, the first Covenants application (9/11) is already running on the testnet. The target for the Ethereum mainnet is set for September 28—if the conditions are triggered and the encrypted instructions line actually lands, this won’t just be short-term sentiment.
I feel the market is pricing the mainnet window in advance. At the final step, whether delivery can keep up with the tempo matters more than shouting another round of slogans.
Binance perpetual futures for 0.096, opened at around 0.076, spiked as high as 0.115, up about +27% over 24h. Volume is about 224 million U, with roughly 3.54 million trades. Open interest is around 91.14 million tokens, ≈ 8.76 million U. Funding rate is about +0.005%.
In a week, it pulled from around 0.040 to 0.096—about +139%.
The narrative anchor is Nillion’s official Encrypted Markets roadmap: in the Dusk phase, the first Covenants application (9/11) is already running on the testnet. The target for the Ethereum mainnet is set for September 28—if the conditions are triggered and the encrypted instructions line actually lands, this won’t just be short-term sentiment.
I feel the market is pricing the mainnet window in advance. At the final step, whether delivery can keep up with the tempo matters more than shouting another round of slogans.
