LQTY, the native token of stablecoin lender Liquity, soared 35% Tuesday after it was listed on crypto exchange Binance's Innovation Zone.
At the time of writing, LQTY was changing hands at a 10-month high of $1.82 as trading volume surged by 382%, according to CoinMarketCap.
Bitcoin (BTC) and tether (USDT) trading pairs will go live on Binance at 11:00 UTC on Tuesday along with a USDT derivative pair.
Liquity is an Ethereum-based protocol that offers interest-free loans in the form of the LUSD stablecoin for users who deposit ether (ETH).
The protocol has $596 million in total value locked, according to DefiLlama.
Binance's Innovation Zone is a venue where users can trade new tokens that are likely to have higher volatility and pose a higher risk than other tokens, according to Binance's website.
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