Gate News Bot Message, February 4th, according to CoinMarketCap data, as of press time, CHESS (Tranchess) is currently priced at $0.03, up 25.09% over the past 24 hours, with a high of $0.03 and a low of $0.02. The 24-hour trading volume reached $27.4 million. The current market capitalization is approximately $5.48 million, an increase of $1.10 million from yesterday.
Tranchess is a liquidity staking and structured yield platform offering staking services on Ethereum and BNB Chain. Its core products include BISHOP (value pegged to USD, fully backed by ETH/BNB/BTCB, and享受liquidity staking yields) and ROOK (ETH/BNB/BTC leveraged long tools, no forced liquidation, low financing costs).
The circulating supply of governance token CHESS is 205.9 million tokens. Users can lock CHESS to obtain veCHESS, representing voting rights within the Tranchess community. Main uses of veCHESS include: participating in weekly CHESS issuance distribution votes, receiving 50% of protocol revenue as weekly dividends, up to 3x yield acceleration, and voting on the distribution of PoS staking rewards between ROOK and BISHOP. The annualized yield on BNB Chain is 22.5%, with a total locked value of $6,519,700.
Important recent news about CHESS:
Since the provided information consists of external links unrelated to exchanges and does not include specific date information or clear descriptions of events within the past seven days, it is currently not possible to extract specific driving factors that meet analysis requirements from the given data. The recent price increase may be influenced by market liquidity, increased trading volume (24-hour volume of $27.4 million), and platform fundamentals, but specific event-driven factors require more detailed and timely information.
Investors should continue to monitor the ecosystem development of the Tranchess platform, changes in staking yields on BNB Chain, and updates to the governance token distribution mechanisms to assess long-term investment value.
This message is not investment advice; please be aware of market volatility risks.
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
Bitcoin Options Worth $18.6 Billion Set to Expire, 92% of Bullish Contracts at Risk of Expiring Worthless
Bitcoin monthly options will expire on March 27, with open interest reaching $18.6 billion, of which call options account for $11.2 billion. As high as 92% of call contracts are expected to expire worthless, with bears holding structural advantages. Macroeconomic factors such as inflation, geopolitical conflicts, and credit tightening are pressuring the market, with liquidity sensitivity around options expiration potentially impacting the spot market.
MarketWhisper16m ago
Willy Woo: Poor Performance of Crypto Market Traceable to FTX Liquidation Mechanism, Continued Popularity of Cash-and-Carry Arbitrage Strategy Keeps Releasing Selling Pressure
Crypto analyst Willy Woo指出，当前市场情绪低迷主要由于FTX破产后锁仓代币折价交易及期货对冲机制的影响。这导致普通投资者难以获得超额收益，建议关注比特币等核心资产。
BlockBeatNews24m ago
Stagflation 2.0 Signal Exposed: Gold and Oil Divergence, Bitcoin Converges Toward Digital Gold
Recently, Brent crude oil prices have declined while gold continues to rise, displaying stagflationary market characteristics. Bitcoin's price movement has gradually decoupled from oil and shifted toward tracking gold, reflecting institutional investors' view of it as a hedge asset. The Federal Reserve's high interest rate policy has intensified market concerns about inflation and economic growth slowdown. This phenomenon is historically closely associated with major macroeconomic shifts.
MarketWhisper24m ago
XRP Today News: Ripple stablecoin enters Singapore sandbox, maintaining $1.42 as a key support level
Ripple is testing its RLUSD stablecoin in the Monetary Authority of Singapore's regulatory sandbox, aiming to leverage blockchain technology to automate trade finance payment processes to reduce costs and enhance efficiency. This pilot will enable auto-triggered payments without manual approval, increasing transaction transparency. XRP is currently trading in the range of $1.41 to $1.42, with analysts bullish on its long-term value potential.
MarketWhisper44m ago
Bitcoin rebounds to 72,000 USD maintaining volatility, Middle East tensions cool with "liquidations at only 152 million", but sentiment remains extremely panicked
Bitcoin recently rebounded from $68,000 to $71,674, primarily driven by improved sentiment from cooling US-Iran negotiations and oil prices breaking below $100, which boosted market recovery. Although approximately $52 million in liquidations occurred in the past 24 hours with long positions accounting for 72%, market assessment indicates healthy bottom formation. However, the Fear and Greed Index remains in the extreme fear zone, reflecting depressed investor sentiment and serious fund-watching conditions. The market needs to monitor progress in US-Iran negotiations and whether the market can break through resistance levels.
動區BlockTempo1h ago
SUPER Price Soars 18.15%: Whales Are Accumulating
SUPER's price surged 18.15% to $0.1354 amid increased whale activity and trading volume, reflecting a 24-hour gain of 22.76%. Analysts link the rise to bullish sentiment as large wallets accumulate the token. Traders are monitoring key resistance levels for future movements.
Coinfomania1h ago
