BB is trading at $0.00168496 USD
24-hour change of -0.47946%.
The intraday high was $0.00324089 USD, and the low was $0.00157042 USD.
Here are some key numeric details for BB:
Total (Max) Supply 2.1 billion BB tokens
Circulating Supply ~ 793.28 million BB, ~37.8% of max supply
Market Cap Around US$160-170 million (market cap fluctuates)
Price (recent) ~ US$0.20 per BB (varies by exchange and time)
ATH / ATL All-time high ~ US$0.8655; all-time low ~ US$0.0735 l
Utilities & Use Cases of the BB Token
BB is not just speculative; it serves several functional roles
1. Staking & Network Security: BB tokens are used in the dual-staking mechanism alongside BTC to help validate transactions and secure the chain.
2. Transaction Fees / Gas: Users interacting with the network (transferring funds, executing smart contracts) pay gas and fees denominated in BB.
3. Governance: BB holders have rights to vote on important protocol decisions (upgrades, parameters) which guides the evolution of BounceBit.
4. Medium of Exchange Within the Ecosystem: BB may serve liquidity, trading pairs, incentive rewards etc. across BounceBit’s DeFi features.
5. Potential Value Appreciation via Yield & Restaking: BB’s utility in restaking and yield generation for both BTC and BB stakers gives it a use-driven demand component.
EVM Compatibility: This makes it easier for developers to port or build new DeFi apps, increasing the ecosystem effect.
Growing Interest in Real-World Asset (RWA) and cross-chain yield: As demand grows for tokenized assets, yield from multiple sources
