BounceBit Price

BounceBit (BB) is a cryptocurrency launched in 2024 that currently ranks 812 in the market. It's trading at $0.05602 with a -1.48% change in the last 24 hours, reaching a high of $0.05697 and a low of $0.05481 during this period. The 24-hour trading volume stands at $130.72K. BounceBit operates as a Layer 1 blockchain within the Bitcoin ecosystem, focusing on BTCfi solutions and restaking capabilities. With a circulating supply of 409.5M BB and a maximum supply capped at 2.1B BB, its current market capitalization is $22.94M. The project is backed by notable investment firms including YZi Labs, CMS Holdings, DeFiance Capital, and OKX Ventures. BounceBit aims to enhance Bitcoin's functionality through its innovative ecosystem, providing users with advanced asset management and yield generation opportunities within the broader Web3 landscape.

BounceBit (BB) was created on May 13, 2024. This relatively new cryptocurrency was officially launched with a total supply of 2.1B BB tokens and currently has 409.5M BB in circulation. Since its inception, BounceBit has established itself as part of the Bitcoin ecosystem and operates as a Layer 1 blockchain with Proof of Stake (PoS) consensus mechanism. The project has gained backing from several notable venture capital firms in the crypto space and has been integrated into various blockchain ecosystems.

BounceBit was founded by a team of blockchain experts and Bitcoin enthusiasts who have chosen to remain pseudonymous, following the tradition established by Bitcoin's creator Satoshi Nakamoto. The founding team includes developers with extensive experience in Bitcoin protocol development and layer-1 solutions. While their identities aren't publicly disclosed, the project is backed by several prominent venture capital firms including YZi Labs, CMS Holdings, DeFiance Capital, and OKX Ventures. The founders launched BounceBit in May 2024 with a vision to enhance Bitcoin's ecosystem by providing innovative solutions for scalability and utility within the Bitcoin network.

BounceBit operates as the first native staking chain for Bitcoin, utilizing an innovative dual-token system. The BB token powers this ecosystem, currently priced at $0.05602 with a -1.48% change over the last 24 hours. The network combines Bitcoin's security with full Ethereum Virtual Machine (EVM) compatibility, creating a seamless restaking experience. Users can participate in the network by staking their tokens, contributing to network security while earning rewards. Key features include: • Bitcoin ecosystem integration • Layer 1 functionality • Restaking capabilities • BTCfi applications With a circulating supply of 409.5M BB out of a maximum 2.1B BB, BounceBit has achieved a market capitalization of $22.94M. The platform's trading volume has reached $130.72K in the past 24 hours, demonstrating significant market activity. BounceBit enhances Bitcoin's utility by enabling smart contracts and DeFi applications while maintaining security through Bitcoin's robust network. This innovative approach positions BB as a promising bridge between traditional Bitcoin holdings and modern DeFi functionality.

BounceBit operates on a multi-layered technical architecture designed for Bitcoin restaking and smart contract execution. At its core, it utilizes a Proof-of-Stake (PoS) consensus mechanism that enables efficient transaction validation while maintaining security. The architecture consists of: 1. Base Layer: Built as a Layer 1 solution within the Bitcoin ecosystem, providing fundamental blockchain infrastructure. 2. Smart Contract Layer: Enables programmable functionality and supports decentralized applications. 3. Restaking Protocol: A specialized infrastructure that allows Bitcoin holders to participate in staking while maintaining custody security. 4. Cross-Chain Compatibility: Operates across multiple blockchains with implementations on Ethereum (ERC-20) and Solana networks. 5. Security Framework: Incorporates regulated custody solutions from Mainnet Digital to ensure asset protection. The system is designed to handle a maximum supply of 2.1B BB tokens, with 409.5M BB currently in circulation. This architecture positions BounceBit as a foundational layer for various BTCfi products and services within the broader cryptocurrency ecosystem.

BounceBit has an ambitious roadmap focused on expanding its Bitcoin ecosystem integration. By 2025, the team plans to enhance their Layer 1 capabilities and BTCfi solutions. In 2026, they aim to launch advanced restaking mechanisms and expand cross-chain functionality. The 2027 roadmap includes developing more robust DeFi applications within their ecosystem. With strong backing from notable venture capital firms and a maximum supply of 2.1B BB tokens, BounceBit is positioning itself as a key player in the Bitcoin ecosystem. Their technical innovations in PoS consensus and Layer 1 architecture could drive significant adoption. The team is actively developing partnerships within the Binance ecosystem, which may boost visibility and liquidity. Their focus on BTCfi solutions addresses a growing market need as Bitcoin integration with DeFi continues to evolve. Long-term goals include achieving full decentralization by 2030 and establishing BounceBit as essential infrastructure for Bitcoin-based financial applications.