YB (YieldBasis) has pumped 5.22% in the last 24 hours.
Gate News Bot message, on October 29, according to CoinMarketCap data, as of the time of writing, YB (YieldBasis) is currently priced at $0.60, with a pump of 5.22% in the last 24 hours, reaching a high of $0.64 and a low of $0.36. The current market capitalization is approximately $52.8 million, an increase of $2.62 million compared to yesterday.
YieldBasis is a cryptocurrency platform that sources its returns from market volatility. The project offers a variety of services, including earning yields, locking tokens, voting, governance, and claims. YieldBasis currently has 3 markets, with a total locked value of (TVL) reaching $150 million. The platform supports various assets such as tBTC, cbBTC, and WBTC, providing users with trading yields and token staking yields.
Important news about YB recently:
1️⃣ YB Token Officially Circulates and Trading Begins The YB token will officially start circulating on October 15, 2025, at 18:00 (UTC+8). Gate and several other trading platforms will simultaneously launch YB spot trading and have opened YBUSDT perpetual contracts. This marks the official entry of YB into the secondary market trading phase, providing investors with diversified trading options and becoming one of the main factors driving the recent price rise.
2️⃣ Early LP and Curve DAO Supporter Reward Program Launched YieldBasis announced rewards of 5.625 million YB to early liquidity providers (LPs) and 5 million YB to Curve DAO supporters. This initiative aims to incentivize early participants and community supporters, which may impact the supply and demand relationship of YB in the short term, thereby affecting its price performance.
3️⃣ Gate completes the YB USDT perpetual contract upgrade Gate completed the upgrade migration of the YBUSDT perpetual contract before October 15, 2025, at 22:00 (UTC+8). The upgraded contract supports a maximum leverage of 50 times, which may increase the trading activity and price volatility of YB, being an important factor that has led to the recent significant price fluctuations.
From a technical perspective, YB has experienced significant fluctuations after its debut. On October 16, YB touched a high of $1.06 before falling back to $0.71, and then it saw a significant rise. This price volatility reflects the market's initial reaction to the newly launched token and the process of value exploration. At the same time, the opening of up to 50 times leverage trading may further exacerbate short-term price fluctuations.
This message is not to be taken as investment advice; investors should be aware of market volatility risks.