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View ChartBounceBit (BB) is a CeDeFi infrastructure project and EVM-compatible Layer 1 blockchain designed to bring tokenized real-world assets and institutional-grade collateral into crypto markets. BounceBit launched in May 2024 as an EVM-compatible Proof-of-Stake Layer 1 with a dual-token PoS design built around BTC and BB. On August 22, 2026, BounceBit permanently shut down BounceBit Chain after an attacker exploited an authorization flaw to drain 286.5 million BB tokens from nine wallets without their owners' consent. The platform enables BTC holders to restake their assets while integrating centralized and decentralized finance models. BB has a maximum supply of 2,100,000,000 tokens.
BounceBit was founded by Jack Lu, who serves as Founder and CEO. He is also a co-founder of Bounce Finance and a partner at NGC Ventures. The project is backed by a well-connected team with support from top-tier venture capital. In February 2024, BounceBit raised $6 million in a seed round co-led by Breyer Capital and Blockchain Capital, with participation from Bankless Ventures and Matrixport Ventures. Other backers include Binance Labs, OKX Ventures, DeFiance Capital, dao5, CMS, NGC, and Mirana Ventures. Angel investors include XinJun Liang, Nathan, Calvin, Jessy, Kevin, Ashwin, George Lambeth, Pranay Mohan, James Parillo, RookieXBT, MacnBTC, and Pentosh1.
BounceBit operates as an EVM-compatible Proof-of-Stake Layer 1 that separates custody, execution, and onchain accounting. Its dual-token PoS consensus requires validators to stake both BTC and BB tokens, leveraging Bitcoin's deep liquidity and low volatility while using BB to enhance network security. Validators record and verify transactions, receiving transaction fees as rewards. The platform integrates a CeFi model using Ceffu's MirrorX technology and Standard Chartered for custody, allowing BTC to maintain its on-chain presence while engaging in trading activities on centralized exchanges. A BTC Bridge facilitates secure transfers between the Bitcoin network and EVM chains. The BB-Token Standard (V3) standardizes user positions as rebasing BB-Tokens such as BBUSD, BBTC, BBETH, BBNB, and BBSOL, which represent vault positions and can be used across DEXs, money markets, perpetuals, and staking.
BounceBit distinguishes itself through its CeDeFi model, which bridges centralized finance custody with decentralized finance execution. As the first native BTC restaking chain, it enables BTC holders to actively participate in network validation while earning rewards. The project's focus on tokenized real-world assets makes it relevant for market makers, trading firms, and treasuries seeking regulated custody combined with onchain collateral mobility. BounceBit Prime integrates tokenized cash equivalents from Franklin Templeton's Benji and BlackRock's BUIDL via Securitize, with client assets custodied at Standard Chartered and connected to execution through an off-exchange collateral mirroring model. The Ignition Upgrade was outlined as the next chain upgrade, targeting 0.5-second block time, about 0.5-second finality, EIP-1559 support, and 30 million gas at launch with a path to 45 million gas. It was not completed before the chain was shut down in August 2026. The dual-token PoS design requires validators to stake both BTC and BB, using BTC's liquidity alongside BB for network security.
BB tokens serve multiple functions within the BounceBit ecosystem. Users can stake BB to participate in network validation and earn staking rewards. BB is used to pay for transactions on the network and for smart contract interactions when deploying or using decentralized applications. Holders can participate in governance by voting on protocol upgrades and network changes. BB functions in DeFi applications for lending, borrowing, and providing liquidity. It serves as the primary currency for NFT transactions within the ecosystem. Additionally, BB is used as exclusive margin collateral for leveraged trading of global crypto assets through Quanto Trading. The token also plays a role in the Farm product, where staking BB farms rewards and compounds ecosystem holdings.
The BounceBit ecosystem includes several products: BounceBit Borobudur for CeDeFi asset management, The Foundation for institutional-grade compounding yield on BTCB, ETH, SOL, USDT, or BNB, BB Credit for interest-free liquidity against deposits, Farm for staking rewards, Quanto Trading for leveraged crypto trading with BB as margin collateral, and Trade Tokenized Stocks for 24/7 RWA investing in U.S. stocks, ETFs, gold, and treasury bills. BounceBit Prime empowers institutions with RWA liquidity and layered yield. RWA partners include OKX, Franklin Templeton, Benji, Centrifuge, Circle, Hashnote, and Superstate. Institutional integrations include Franklin Templeton's Benji, BlackRock's BUIDL via Securitize, Standard Chartered for custody, OKX for off-exchange settlement, Mainnet Digital for custody, and Ceffu's MirrorX. According to the project, BounceBit's assets under management were approximately $289.4 million as of October 9, 2026.
BounceBit does not use traditional mining. It uses a dual-token Proof-of-Stake consensus in which validators stake both BTC and BB to secure the network and validate transactions. BB holders can stake BB directly and receive stBB through BounceBit's liquid staking system; users can optionally stake eligible BB-tokens in the Farm module to earn additional rewards in stBB.
BounceBit implements KYC, KYT, and AML protocols, and uses a multi-layer custody architecture with secure segregation, strict access controls, and real-time risk monitoring. Enterprise-grade cloud security, encryption, and disaster recovery protocols ensure platform stability and scalability. For personal security, users should store BB tokens in reputable wallets, enable two-factor authentication, verify contract addresses before transactions, and remain cautious of phishing attempts. Following the August 2026 exploit, users should monitor official announcements regarding the shutdown of BounceBit Chain.
BB is listed on several major exchanges. Before trading, verify the exchange's regulatory status, fees, and security practices, and only use platforms you trust.
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TradeAs of right now, the live price of BounceBit (BB) is $0.006496. Its market price fluctuates in real time based on overall supply and demand, and you can check the updated BB to USD rate at the top of BTCC’s price page. In terms of market scope, BounceBit records a 24h trading volume of $1.480039M (reflecting total buying and selling activity over the last 24 hours), with a total market cap of $8.226391M. Its current circulating supply stands at 1.25B out of a maximum supply cap of 2.1B.
The price volatility of BounceBit (BB) is essentially driven by market supply and demand dynamics. Key factors behind its price movements include: 1) Global macroeconomic conditions and sentiment, such as Fed interest rate decisions; 2) Tokenomics, including the ratio of circulating supply (1.25B) to max supply (2.1B), as well as token unlocks and burn mechanisms; 3) Fundamental developments, such as ecosystem expansion, on-chain activity, and core protocol upgrades; and 4) Derivatives market dynamics, including leverage battles and liquidation cascades in perpetual contracts.
Looking at its historical price performance, BounceBit (BB) hit an all-time high (ATH) of $0.865453 on 2024-06-06 00:10, representing the peak of market sentiment. Conversely, its all-time low (ATL) was recorded at $0.006215 on 2026-11-05 23:20. Note that historical highs and lows reflect past performance only and do not guarantee future price trends; investment decisions should always align with live market conditions and your personal risk tolerance.
When trading BB futures on BTCC, technical chart analysis begins with identifying key support and resistance levels on 1D and 4H charts using historical price pivots. Next, apply MA/EMA indicators to gauge trend directions, alongside RSI (values above 70 indicate overbought conditions, while below 30 suggest oversold levels). Always validate breakout signals with the 24h trading volume ($1.480039M), as price breakouts accompanied by strong volume offer higher reliability.
Unlike spot trading where you can only profit from rising prices, BTCC’s BBUSDT perpetual contracts support two-way trading. If you anticipate a price decline for BounceBit, simply log into your BTCC account with USDT margin available, navigate to the BBUSDT pair, set your desired leverage and Take-Profit/Stop-Loss levels, and click "Sell/Short". Once the price drops to your target, close your position to lock in profit from the price difference.
Yes. BTCC offers flexible, high-tier leverage options for BBUSDT perpetual futures, providing up to 500x leverage (maximum leverage limits may vary depending on liquidity). While leverage boosts capital efficiency by allowing you to control larger position sizes with less margin, it also amplifies liquidation risks proportionately. BTCC strongly advises using Stop-Loss orders to strictly manage risk when trading with high leverage.
Beginners and traders testing new strategies can switch to BTCC's "Demo Trading" mode with a single click on the App or Web interface. The demo account comes pre-loaded with risk-free virtual funds (such as 100,000 USDT). Powered by live market prices (current price: $0.006496), you can practice opening/closing positions, adjusting leverage, and setting TP/SL for BBUSDT with zero financial risk.
Trading BounceBit (BB) on BTCC requires just 4 simple steps: 1) Register a BTCC account and complete basic Identity Verification (KYC); 2) Buy USDT using fiat via credit card/express payment, or deposit USDT/BTC directly from an external wallet; 3) Navigate to the Futures section, search for BBUSDT, and review its live price ($0.006496) and chart; 4) Select your margin mode and leverage, choose "Buy/Long" or "Sell/Short" based on your market outlook, set TP/SL orders, and confirm your trade.
Cryptocurrency prices are subject to high market risk and price volatility. You should only invest in products that you are familiar with and where you understand the associated risks. The content expressed on this page is not intended to be and shall not be construed as an endorsement by BTCC regarding the reliability or accuracy of such content. You should carefully consider your investment experience, financial situation, investment objectives, and risk tolerance, and consult an independent financial adviser before making any investment. This material should not be construed as financial advice. Past performance is not a reliable indicator of future performance. The value of your investment can go down as well as up, and you may not get back the amount you invested. You are solely responsible for your investment decisions. BTCC is not responsible for any losses you may incur. For more information, please refer to our Terms of Use and Risk Warning. Please also note that data relating to the above-mentioned cryptocurrency presented here (such as its current live price) are based on third-party sources. They are presented to you on an “as is” basis and for informational purposes only, without representation or warranty of any kind. Links provided to third-party sites are also not under BTCC’s control. BTCC is not responsible for the reliability or accuracy of such third-party sites or their contents.
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