BR (Bedrock) increases by 51.68% in 24 hours

Gate News, March 25 — According to Gate Market Data, at press time, BR (Bedrock) is trading at $0.1648, up 51.68% in the past 24 hours. The highest price reached $0.1841, and the lowest dropped to $0.1036. The 24-hour trading volume is $3.6153 million. The current market capitalization is approximately $43.0566 million.

Bedrock is the world’s first multi-asset liquidity re-staking protocol, pioneering the launch of the Bitcoin staking product uniBTC. As a leading BTC liquidity staking asset, uniBTC allows users to earn staking rewards while maintaining asset liquidity, opening new earning opportunities in the trillion-dollar Bitcoin market. Bedrock is based on the innovative BTCFi 2.0 solution, redefining Bitcoin’s value within the DeFi ecosystem, and has enabled liquidity re-staking of BTC, ETH, and DePIN assets across more than 12 mainstream blockchains. BR is the governance and reward token of the Bedrock ecosystem. Users can stake BR to convert to veBR for long-term rights, participate in governance voting, and earn incentives. veBR employs a voting escrow model, granting governance rights to holders, supporting gauge-based governance mechanisms, and periodically resetting voting weights to ensure fair governance.

Recent important news about BR:

1️⃣ Seed Round Token Unlock On March 20, BR marked its one-year anniversary since launch, coinciding with the seed round token unlock. The 12.5% of tokens allocated to seed investors began to unlock, with an initial unlock rate of 3.125%. Over the next 17 months, 0.52% will be unlocked each month. This unlock is limited and dispersed, with short-term selling pressure being manageable, and the market has strong absorption capacity, potentially providing liquidity support for price appreciation.

This news is not investment advice. Please be aware of market volatility risks when investing.