BounceBit is an innovative blockchain project based on a POS mechanism for Bitcoin staking. Unlike traditional Bitcoin Layer 2 solutions, @BounceBit is an independent Layer 1 ecosystem dedicated to creating yield infrastructure for Bitcoin, providing institutional-grade yield products, re-staking application scenarios, and CeDeFi services.
BounceBit utilizes a unique dual-token POS consensus mechanism, allowing validators to accept both BBTC and BB tokens simultaneously, combining the security of Bitcoin while being fully compatible with EVM. Its CeDeFi services collaborate with regulated custody service providers, enabling users to earn fee arbitrage and fixed income from CEFI. Users can also enjoy triple yields, including CEFI yields, DeFi yields, and staking-related yields.
The BB token is the native token of the BounceBit platform, serving multiple purposes, including staking, paying gas fees, and participating in governance. Its total supply is 2.1 billion tokens, with an initial circulating supply of 409.5 million tokens, accounting for 19.5% of the total supply.
In terms of rankings, according to Coin360 data, BounceBit currently ranks #347 in the market. On Crypto.com, its ranking is #550.
