ChainCatcher, a blockchain data analysis platform, recently announced that according to data from RootData, a Web3 asset data platform, the Zeta Markets token (ZEX) rose by 18.52% in 24 hours and is now quoted at $0.070.

Zeta Markets is an undercollateralized DeFi derivatives platform that provides liquid derivatives trading for individuals and institutions. The development of this platform seems to be on the rise, and the rise in its token price may be related to a series of recent dynamics.

It is understood that Zeta Markets announced on the social platform on July 1 that 8% of the token supply has been distributed to 80,000 traders. During the next 90 epochs, 30% (300 million tokens) will be used as platform incentives. Among them, the 8 million ZEX incentives of the Genesis Epoch will be distributed on July 25, and users who stake ZEX before July 25 will be eligible for the pledge airdrop (20 million ZEX).

This series of incentives may be an important factor in driving the price of ZEX up. However, the market is volatile and investors need to be cautious.