BounceBit's debut at Binance's Megadrop was quite popular, and retail investors found it interesting.
It focuses on CeDeFi, combining the stability of traditional finance with the flexibility of blockchain, primarily promoting BTC re-staking, allowing retail investors to earn yields with BTC.
Unlike others, BounceBit doesn't engage in fancy L2 solutions but directly operates on L1, running smart contracts on the chain, making transactions fast and cheap. Their BounceClub is like 'financial Lego,' enabling ordinary people to easily manage investment strategies, with low barriers and stable returns. The most eye-catching feature is the cross-chain functionality, allowing assets to move freely across different chains, ensuring strong liquidity.
$BB has great potential, especially with backing from Binance, and the community is active. They plan to work on RWA (Real World Asset tokenization) in the future, which seems promising. However, it's important to remind that the market has risks; one should do thorough research before entering and not just listen to hype!
