BB (BounceBit) has pumped 7.70% in the last 24 hours.

Gate News Bot news, September 2, according to CoinMarketCap data, as of the time of writing, BB (BounceBit) is currently priced at $0.14, with a 24-hour pump of 7.70%, reaching a high of $0.15 and a low of $0.13. The current market capitalization is approximately $106 million, an increase of $7.55 million compared to yesterday.

BounceBit is a CeDeFi infrastructure project aimed at providing high-yield products, re-staking use cases, integration of physical assets ( RWA ), and CeDeFi as a service, making high-yield opportunities accessible to everyone. The BounceBit chain is a dual-token PoS layer 1 network secured by BTC and BB, leveraging the security of Bitcoin while being fully compatible with EVM. By designing liquidity custody tokens ( LCTs ) and collaborating with CEFFU, users can earn actual interest from CeFi and use LCTs for re-staking and on-chain DeFi farming.

BB recent important news:

1️⃣ CeDeFi infrastructure attracts attention With the development of the cryptocurrency market, CeDeFi (Centralized Decentralized Finance) infrastructure projects are receiving increasing attention. BB, as a CeDeFi infrastructure project that offers high-yield products and heavy staking use cases, may have attracted investor interest with its unique positioning, driving its price rise.

2️⃣ Physical Asset ( RWA ) Integration Trend The cryptocurrency market is gradually expanding towards the realm of physical assets. The BB project involves RWA integration, a feature that may seem particularly appealing in the current market environment, helping to enhance its market attractiveness and potential application scenarios.

3️⃣ Bitcoin ecosystem expansion BB Chain leverages the security of Bitcoin and is fully compatible with EVM, this dual advantage may attract the attention of supporters advocating for the expansion of the Bitcoin ecosystem. As the Bitcoin network continues to develop, related projects may also benefit, thereby impacting BB's market performance.

From a technical perspective, BB's 24-hour rise reached 7.70%, accompanied by a significant increase in market capitalization, indicating that the market maintains a positive attitude towards the project. However, investors still need to be cautious of the high volatility in the cryptocurrency market, especially in the absence of more substantial favorable news.

This message is not intended as investment advice; investors should be aware of market volatility risks.