Gate News Bot Message, December 26th, according to CoinMarketCap data, as of press time, YB (YieldBasis) is currently priced at $0.44, up 14.33% in the past 24 hours, with a high of $0.45 and a low of $0.37. The 24-hour trading volume reached $29.9 million. The current market capitalization is approximately $38.7 million, an increase of $4.85 million from yesterday.
Yield Basis is a platform that derives returns from market volatility. Users can earn YB tokens through trading profits or staking liquidity. The platform has launched 3 markets, with a total locked value of $149 million, mainly supporting Bitcoin assets such as tBTC, cbBTC, and WBTC, among which the token APR for the WBTC market is 38.53%. Users can choose to participate in Earn, Lock, Vote, Governance functions, and discuss on the community forum.
Recent Market Performance Analysis
Based on this week’s market data, YB’s 14.33% increase is closely related to its high-yield mechanisms within its ecosystem. The platform’s volatility mining and liquidity staking offering a 38.53% WBTC market APR are highly attractive to capital. The total locked value remains at a high of $149 million, indicating continued optimism from users regarding the platform’s yield mechanisms. The 24-hour trading volume surpassing $29.9 million reflects increased market participation.
Compared to market fluctuations during the same period, YB’s steady performance stems from its strategic focus on the Bitcoin ecosystem. Supported by various Bitcoin derivatives such as tBTC and cbBTC, the platform has gained sufficient liquidity support amid the current rise in Bitcoin market activity. The market cap increased by $4.85 million week-over-week, showing ongoing demand for this type of yield protocol.
This message is not investment advice; please be aware of market volatility risks when investing.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Corporates and Exchanges Rush to Stake Ethereum Instead of Selling
In brief
Roughly 3.4 million ETH is waiting to enter Ethereum’s validator set, creating one of the longest staking queues since the network transitioned to proof-of-stake.
Anecdotal industry feedback suggests major corporates and exchanges are driving much of the demand as they seek yield on
Decrypt8m ago
Bitcoin approaches $70,000: ETF inflows of $1.45 billion over five days, short covering drives rebound
Bitcoin price has recently rebounded to around $68,000, mainly driven by institutional capital inflows and short covering. Although trading sentiment remains cautious, market optimism for short-term fluctuations has increased, but high-leverage traders remain cautious, and overall confidence is gradually recovering.
GateNews12m ago
U.S.-Iran Conflict Escalates! U.S. stocks and Taiwan stocks both plummet, Bitcoin rebounds and temporarily stays above 68,000
The conflict between the US and Iran impacts the market, with TSMC's stock price plummeting to 1,895 yuan and the Taiwan Weighted Index falling by 94.9 points. Conversely, Bitcoin defies the trend and rebounds to $68,062, indicating investor risk aversion. Precious metal prices retreat, with gold dropping to a low of $5,119. Rising international oil prices influence inflation expectations, causing the probability of rate cuts to decrease to 2.6%. The US dollar index rises, and the market expects Bitcoin to break through $75,000 before confirming the end of the bull market.
CryptoCity18m ago
Michael Saylor declares the bear market over and is bullish on Bitcoin reaching $1 million.
MicroStrategy Executive Chairman Michael Saylor announced in an interview with Bloomberg that the Bitcoin bear market will end and predicted a long-term target price of $1 million. He believes that the structural growth in institutional demand has changed market dynamics, leading to increased stability in Bitcoin's price. However, critics cite historical data indicating that Bitcoin still exhibits high volatility and question Saylor's optimistic forecast.
MarketWhisper37m ago
The overall crypto market is trending downward, with only Layer2, SocialFi, and RWA sectors remaining relatively resilient.
On March 4th, the overall crypto market declined, with only the Layer2, SocialFi, and RWA sectors showing gains. Bitcoin and Ethereum fell by 0.93% and 2.41%, respectively. Some projects like Mantle and Chiliz performed notably well. Other sectors generally declined, but River and Kite defied the trend and rose.
GateNews43m ago
Bridgewater's Dalio: There is only one kind of gold in the world, and global central banks will not choose Bitcoin as a safe-haven asset
Bridgewater Associates founder Ray Dalio questioned Bitcoin's hedging function in an interview, pointing out that gold has increased by over 80% while Bitcoin has fallen by 25%. He emphasized issues such as lack of privacy, quantum threats, and the absence of central bank backing for Bitcoin, recommending allocating 10-15% of assets to gold. Although Bitcoin demonstrates liquidity advantages in certain scenarios, Dalio believes gold remains the best store of value.
動區BlockTempo43m ago
