#BounceBit | $BB – Bridging Bitcoin Restaking and CeDeFi
@BounceBit is the first native #Bitcoin restaking Layer-1 platform, merging Proof-of-Stake security with Bitcoin integration and full EVM compatibility. It enables BTC holders to restake through validators, unlocking rewards while accessing both DeFi and CeFi yield opportunities.
🔹 Token Utility: The $BB token powers staking, validator incentives, gas fees, and governance mechanisms.
🔹 Supply Structure: The total supply is capped at 2.1 billion BB, mirroring Bitcoin’s iconic 21 million cap.
🔹 Hybrid Staking Model: Validators stake both Bb and $BBTC (a BTC-pegged asset), securing the network and supporting cross-layer functionality.
Currently trading at approximately ~$0.10 with a ~$60M market cap—around 88% below its all-time high—BB remains in the early stages. As BTC restaking and CeDeFi continue to gain traction, BounceBit is well-positioned to become a core component of the evolving Bitcoin DeFi ecosystem.
