$BB rose 0.5% over the last 24 hours, slightly outpacing the broader market. It align with the bullish momentum from the recent protocol upgrades and growing institutional interest in tokenized assets.
Launch of a regulated RWA platform, BB Prime, and TradFi partnerships (e.g Black rock) are driving demand. TradFi grade yields could attract institutional capital, with $550 M TVL growth signal credibility. BounceBit's new trustless RWA staking protocol enable equities to be staked alongside $BB , boosting Network utility. Hong Kong equities go live on-chain via xRWA staking.
Over 30% of BB is staked at 13% APY, improving Network security, while reducing sell pressure. Institutional RWA integrations and staking will continue to drive Bullish, though there are a few regulatory overhangs.
If there is more regulatory clarity in RWA Sector, BB price will boost. The current US government is pushing lawmakers for better regulation to attract crypto invesments.
