In the past week, BounceBit has repurchased 8.87 million $BB tokens from the open market. Based on the current annualized protocol revenue of $16 million, this level of repurchase is likely to continue. All on-chain operations can be checked in real time on the public dashboard, and this level of transparency is a breath of fresh air in today's market.
As a CeDeFi chain that focuses on BTC re-staking, BounceBit's most attractive feature is its hybrid architecture design. Traditional CeFi users can seamlessly access DeFi yield scenarios, and users holding BTC can now earn yields across multiple channels, a compatibility that is quite rare among similar projects. Their recently launched $100,000 creator incentive program is also interesting: the top 300 on the leaderboard share 70% of the prize pool, while the remaining eligible participants share the remaining 30%. This tiered distribution is more sustainable than simply giving away money.
From the data, it is clear that the team is seriously managing token value. The nearly 9 million $BB repurchase volume corresponds to substantial protocol revenue support, not just empty promises. Considering the recent development momentum of the BTC ecosystem, this hybrid chain that combines centralized efficiency with decentralized security is likely to become a key area for capital accumulation in the next cycle. After all, in an environment where yields are generally declining, there will always be buyers for solutions that can meet both security needs and yield expectations.