Binance Futures Adds $SKYAI Perpetual Contract, Price Jumps 35%

- The SKYAIUSDT perpetual contract goes live on May 13, 2025 with a + and - 2 % funding rate settled every four hours. - SKYAI’s Model Context Protocol aggregates over 10 billion on-chain data rows to simplify AI-blockchain integration.

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Meghna Chowdhury
Meghna Chowdhury
Meghna is a Journalism graduate with specialisation in Print Journalism. She is currently pursuing a Master's Degree in journalism and mass communication. With over 3.5 years of experience in the Web3 and cryptocurrency space, she is working as a Senior Crypto Journalist for UnoCrypto. She is dedicated to delivering quality journalism and informative insights in her field. Apart from business and finance articles, horror is her favourite genre.

Binance Futures announced today that it will list the SKYAIUSDT perpetual contract today, on May 13, 2025, on its platform.

The new contract offers traders up to 50 times leverage and will join other perpetual contracts already available for futures copy trading within 24 hours of launch. Binance said this move aims to give users more trading options and improve their overall experience.

New Perpetual Contract

The SKYAIUSDT contract lets traders open long or short positions with up to fifty times leverage. The maximum funding rate at launch will be plus 2% or minus 2%, with fees settled every four hours.

SKYAI is already available on the Binance Alpha Market under the ticker LINK, but this marks its first appearance in a full futures product. Traders can monitor the contract on the Binance Futures interface once trading begins.

Futures Copy Trading Access

Binance noted that the perpetual contract will become part of its copy trading offering within a day of going live. This feature allows users to follow and mimic the moves of experienced futures traders at once.

Also Read: Binance Futures Announces Perpetual Contract Listing For $Broccoli, $TUT, and $BID Tokens, Triggers 63%, 92%, 227% Price Rally Respectively

Bridging AI and Blockchain

SKYAI has gained attention for its Model Context Protocol, known as MCP. The protocol serves as a link between blockchain networks and large language model applications. MCP helps AI agents access and use data stored on chains like BSC and Solana. 

It does this by letting developers and users tap into a shared data pool without dealing with each chain’s technical quirks.

Solving Data Complexity

Many people find blockchains hard to use. Creating a wallet, saving private keys and approving transactions can feel confusing. Developers also struggle with things like contract interfaces and signing messages. 

SKYAI’s MCP tackles these issues by making data more fluid. It brings together over ten billion rows of on-chain data and plans to include Ethereum and Base next. 

The idea is to build an open market where data flows freely between AI tools and blockchains.

$SKYAI Price Actions

SKYAI tokens are trading at about $0.06122. The price has climbed by 35% in the past 24 hours. The global market cap for SKYAI stands at about $61.22 million.

Trading volume surged by 94.79% over the same period, signalling strong interest from both retail and professional traders.

Adding SKYAIUSDT to Binance Futures shows how fast AI and blockchain are coming together. For traders, the new contract means more ways to bet on projects that blend these technologies. 

For developers, it highlights the growing demand for seamless data tools like MCP. As more people look for cost-effective and user-friendly solutions, projects that simplify governance and data access could gain ground.

Also Read: Binance Futures Announces ASR & ALPINE Contract Listings, Tokens Skyrocket Over 50%

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