$RIF top-gainers list #2, +49.7%. Current price: $0.1153. Three days ago, it was at a low of $0.045.
RIF is Rootstock’s infrastructure token. Rootstock is an old L2 on Bitcoin that takes a sidechain route, allowing Bitcoin to run smart contracts. The token usually has extremely low trading volume—typically under $1 million per day. It’s the kind of thing that just sits there for the long term with little attention.
This time, there are clear catalysts. Rootstock recently released a batch of operating data: the network has run continuously for over 3,100 days, has secured more than 84% of Bitcoin’s hash power, and accounts for over 40% of the entire Bitcoin DeFi TVL. On-chain tokenized real-world asset (RWA) issuance has reached $44M. In addition, more than 35 million $RIF tokens have been locked into the staking DAO, and Binance Pay integration has been enabled.
The Bitcoin L2 track has started to get attention this year. $RIF is one of the oldest tokens in the segment, with a long track record—but the price hasn’t really been properly “priced in.” Now it’s coming out with data, which is logically reasonable.
Last week, $RIF was still trading between $0.12 and $0.14. Starting around July 20, it crashed hard, falling to a low of $0.045—more than a 60% drop from the prior high. This rebound is coming out of that pit; it wasn’t launched from a stable bottom. In the past 24 hours, it surged from a low of $0.075 to a high of $0.1327, then pulled back to $0.1153 for consolidation.
Trading volume is $26.2M—more than 30 times its usual daily volume. Real money is moving. Whether volume can be maintained over the next few days is the key answer to whether this rally is real.
Bitcoin DeFi is worth watching this year, but personally I want to wait a bit longer—let’s see how the trading volume changes over the next two days, then decide.
RIF is Rootstock’s infrastructure token. Rootstock is an old L2 on Bitcoin that takes a sidechain route, allowing Bitcoin to run smart contracts. The token usually has extremely low trading volume—typically under $1 million per day. It’s the kind of thing that just sits there for the long term with little attention.
This time, there are clear catalysts. Rootstock recently released a batch of operating data: the network has run continuously for over 3,100 days, has secured more than 84% of Bitcoin’s hash power, and accounts for over 40% of the entire Bitcoin DeFi TVL. On-chain tokenized real-world asset (RWA) issuance has reached $44M. In addition, more than 35 million $RIF tokens have been locked into the staking DAO, and Binance Pay integration has been enabled.
The Bitcoin L2 track has started to get attention this year. $RIF is one of the oldest tokens in the segment, with a long track record—but the price hasn’t really been properly “priced in.” Now it’s coming out with data, which is logically reasonable.
Last week, $RIF was still trading between $0.12 and $0.14. Starting around July 20, it crashed hard, falling to a low of $0.045—more than a 60% drop from the prior high. This rebound is coming out of that pit; it wasn’t launched from a stable bottom. In the past 24 hours, it surged from a low of $0.075 to a high of $0.1327, then pulled back to $0.1153 for consolidation.
Trading volume is $26.2M—more than 30 times its usual daily volume. Real money is moving. Whether volume can be maintained over the next few days is the key answer to whether this rally is real.
Bitcoin DeFi is worth watching this year, but personally I want to wait a bit longer—let’s see how the trading volume changes over the next two days, then decide.