Orochi Network, a zero-knowledge data infrastructure project that positions itself as a verifiable data layer for RWA, now has a derivatives market on a major exchange. Bybit opened the OROCHIUSDT perpetual contract in its Innovation Zone on November 13.

The USDT-margined contract supports up to 50x leverage, settles funding every 4 hours with a 0.5% cap and trades 24/7. Bybit added the MEET48 (IDOLUSDT) perpetual in the same batch, with up to 20x leverage.

Orochi Network's ON token has a market cap of about $12.6M against a fully diluted valuation near $61M, with roughly 21% of its 700M supply in circulation.

Innovation Zone contracts carry higher trading fees than Bybit's standard perpetuals, and the exchange can change leverage and margin parameters after launch. The listing is derivatives only: Bybit has no OROCHI spot pair.