BounceBit Financial Report Q4 2024
Q4 Performance Overview
BounceBit achieved significant milestones in Q4, reaching a total value locked (TVL) of $665M and securing the #25 spot by protocol revenue. Daily fees averaged $67.25k, with a peak of $585k in a single day. Since the V2 launch on November 11th, $6.84M has been generated. BounceBit’s ecosystem offers sustainable yields without relying on points, farming, or emissions, providing institutional-grade returns through CeDeFi operations.
BounceBit Chain
The liquid staking program on BounceBit offers 16% APY with 57M BB tokens currently staked, enabling participants to earn rewards while contributing to governance and the development of real-world asset (RWA) infrastructure. Liquid Staking’s total value has reached $273M, secured by 25 professional node operators. Network adoption is growing, with 3.48 million unique accounts and 13.21 million transactions. All chain metrics are verifiable through BBScan, our blockchain explorer.
Key RWA Integrations
BounceBit expanded its RWA offerings with strategic partnerships, including Ondo Finance, DigiFT Tech, and Hashnote, a Circle company. Ondo Finance integrated USDY into our CeDeFi framework, while DigiFT Tech, Singapore’s first MAS-regulated RWA exchange, enabled the native minting of institutional RWAs and access to UBS Asset Management's uMINT fund. The Hashnote partnership introduced USYC, which facilitates RWA collateralization for centralized exchanges. USYC, backed by Hashnote’s International Short Duration Yield Fund, saw impressive growth, with its market cap rising by $1.6B, nearly tripling that of similar assets.
Strategic Growth
Institutional adoption accelerated in Q4, marked by the entry of HKEX-listed Boyaa Interactive and selection by Cyberport, Hong Kong’s leading tech hub. Boyaa Interactive, committing 3,183 BTC and converting it into 4.2M $BB tokens, became Asia’s largest corporate BTC holder in our ecosystem. Cyberport’s selection positions BounceBit for global RWA infrastructure expansion, strengthening our strategy for worldwide institutional CeDeFi adoption.
Q1 2025 Strategic Outlook
Building on Q4 achievements, Q1 2025 will focus on expanding institutional RWA integration in three key areas. The CeDeFi framework will add more RWA types and collateral options to improve accessibility for institutions. BounceClub will continue developing onchain RWA applications, with Quanto solutions leading the way. Additionally, BB Chain will enhance its infrastructure to support regulated RWA operations, solidifying BounceBit’s role as the institutional bridge between traditional finance (TradFi) and decentralized finance (DeFi).
