Bybit Lists Spacemesh (SMH) Perpetual Contract with 20x Leverage

Bybit has announced the listing of the SMHUSDT perpetual contract for Spacemesh (SMH), offering traders up to 20x leverage. This new futures pair expands access to a relatively niche cryptocurrency with a unique proof-of-space-time consensus model. Here’s what traders need to know.

What Happened?

On July 15, 2026, Bybit officially launched the SMHUSDT perpetual contract, enabling traders to speculate on the price of Spacemesh with leverage up to 20x. The contract is available on Bybit’s futures platform, providing liquidity and margin trading for a token that currently trades on 11 active markets with a 24-hour volume of roughly $1,597.

Spacemesh (SMH) is a cryptocurrency that uses a proof-of-space-time consensus mechanism, aiming to be more energy-efficient than proof-of-work. Its current supply stands at approximately 35.17 million tokens, with a self-reported circulating supply of about 34.95 million. The token’s last known price is around $0.0003857, up 0.30% in the last 24 hours. However, data from CoinGecko and CoinMarketCap shows a significantly lower price (~$0.0002757) and a 24-hour trading volume of just $12.47, indicating thin liquidity and a -99.20% volume drop from the previous day.

Token Snapshot

• Symbol: SMH
• Name: Spacemesh
• Current Supply: ~35.17 million SMH
• Self-Reported Circulating Supply: ~34.95 million SMH
• 24-Hour Trading Volume: ~$1,597 (across all markets)
• All-Time High: $5.87 (per KuCoin data)
• Official Website: spacemesh.io
• Explorer: explorer.spacemesh.io
• Twitter: @teamspacemesh

Risk Notes

Low liquidity warning: The token’s 24-hour trading volume is extremely low (~$12.47 on major aggregators), and the price discrepancy between sources suggests fragmented markets. High leverage on a low-liquidity asset can amplify both gains and losses significantly.

• Volatility: With a small market cap and limited trading activity, SMH is prone to sharp price swings. The all-time high of $5.87 versus current prices near $0.0003 illustrates extreme historical volatility.
• Exchange concentration: Bybit is the primary exchange offering this futures contract. Limited tradable venues may affect order book depth and slippage.
• No official KuCoin listing: Despite appearing in search results, KuCoin notes SMH is not officially listed there—always verify exchange listings via official announcements.

Where to Trade

Trade the SMHUSDT perpetual contract on Bybit, or automate your strategy with our bot: Trade with our bot.