Key Points

• Binance Futures will launch LUMIAUSDT Perpetual Contract at 11:30 today.
• LUMIA’s market cap spiked by over $12 million following Binance’s announcement.

Binance announced the launch of another futures contract today – Lumia (LUMIA).

Binance Futures revealed that it will launch the LUMIAUSDT Perpetual Contarct with up to 75x leverage at 13:00 (UTC).

The exchange continues to launch futures contracts to expand trading choices for users and enhance their overall experience on the platform.

Following Binance’s announcement, LUMIA’s price recorded a spike.

LUMIA’s Market Cap Spiked by Over $12 Million

Ahead of Binance’s futures listing announcement, LUMIA had a market cap of around $160 million and it spiked above $172 million after the exchange announced the listing of the LUMIAUSDT Perpetual Contract.

At the moment of writing this article, LUMIA is trading at $1.84, after reaching a price above $1.94 earlier. Now, the coin has a market cap of over $163 million.

Since December 17, when LUMIA traded at around $2.12, the coin had a descendant trajectory, except its price spike triggered by Binance’s announcement.

$1 Billion in Tokenized Real Estate is Coming to Lumia

Yesterday, the team behind the project announced via a post on X that over $1 billion in tokenized real estate is coming to Lumia. The team told followers that last week they voted and they have been heard, and now it’s time to fulfill their request.

Tokenized commercial and residential properties over multiple continents, especially for Lumians, are on their way, the team at Lumia wrote on X.

They continued and said that by onboarding assets from Prop Chain Global (a chain with digitally empowered real estate), Lumia supplies the market demands and proves that it’s a leader in RWA.

Lumia’s scalability, liquidity, and innovation are making it possible to achieve new tiers in the real estate market and RWAs are now one step closer to $10 trillion.

What is Lumia (LUMIA)?

Lumia is a blockchain that provides a solution across the entire life-cycle of RWAs from asset tokenization, to liquidity aggregation and connective to millions of DeFi and Web3 users, according to the project’s team.

Lumia can be broken down into two segments:

• Lumia Chain – Engineered for RWAs
• Lumia Stream – Designed to bring liquidity to illiquid RWAs

LUMIA is the utility token that powers the Lumia ecosystem.