BIFI (Beefy) increased by 37.87% in the last 24 hours

Gate News Bot Message, December 25th, according to CoinMarketCap data, as of press time, BIFI (Beefy) is currently priced at $158.80, up 37.87% in the past 24 hours, with a high of $489.29 and a low of $91.18. The 24-hour trading volume reached $13.6 million. The current market capitalization is approximately $12.7 million, an increase of $3.49 million from yesterday.

Beefy is a cross-chain yield optimizer dedicated to providing the highest APY yields across 39 chains, while ensuring security and efficiency. Users can deposit tokens into Beefy single-asset vaults to earn yields, with the platform staking tokens on external interest-bearing platforms and automatically reinvesting yields periodically, helping users save time and costs.

BIFI is the native yield-sharing and governance token of the Beefy protocol. BIFI holders can share platform revenue by staking BIFI into Beefy Maxi vaults or earn native token rewards in the BIFI yield pool. Additionally, BIFI grants holders voting rights in the Beefy DAO. The total supply of BIFI is fixed at 80,000 tokens to prevent inflation.

As of now, the total value locked (TVL) in the Beefy ecosystem has reached $236 million, covering 39 blockchains, with billions of dollars in assets automatically reinvested.

Important recent news about BIFI:

1️⃣ Ecosystem expansion continues to drive market recognition

Beefy’s cross-chain deployment has expanded from 21 to 39 chains, with the total locked value increasing from $234 million to $236 million, demonstrating the protocol’s growth momentum in a multi-chain environment. The increase in vaults and on-chain coverage reflects ongoing progress in liquidity aggregation and yield optimization, providing quantitative support for the BIFI token’s fundamentals.

2️⃣ Fixed supply mechanism and yield-sharing model support value recognition

BIFI’s fixed total supply of 80,000 tokens, combined with an inflation protection mechanism, provides structural security for the token’s value. Holders can participate in platform revenue sharing through Beefy Maxi vaults or earn rewards in native token pools, establishing a comprehensive yield incentive system. This design, amid increasing market liquidity, reinforces investors’ long-term expectations for the token’s value.

3️⃣ Auto-compounding mechanism drives asset growth

The accumulated data showing billions of dollars in assets automatically reinvested indicates the effectiveness of the auto-compounding mechanism in attracting capital. The daily incremental capital inflow from automatic reinvestment, resonating with short- to medium-term market sentiment, supports the upward movement of BIFI’s price.

This message is not investment advice; please be aware of market volatility risks.