BIFI (Beefy) increased by 72.81% in the last 24 hours

GateNewsBot

Gate News Bot Message, December 26th, according to CoinMarketCap data, as of press time, BIFI (Beefy) is currently priced at $260.66, up 72.81% in the past 24 hours, with a high of $489.29 and a low of $101.42. The 24-hour trading volume reached $59.2 million. The current market cap is approximately $20.9 million, an increase of $8.8 million from yesterday.

Beefy is a cross-chain yield optimization platform dedicated to providing users with the highest APY returns. Users can invest through Beefy in single-asset vaults across 39 chains. The platform stakes the investment tokens on external interest-bearing platforms and periodically auto-compounds the yields to purchase more assets.

BIFI is the native governance and yield-sharing token of the Beefy protocol, with a fixed total supply of 80,000 tokens. BIFI holders can stake BIFI in the Beefy Maxi vaults to participate in yield sharing or stake tokens in the BIFI yield pools to earn platform native token rewards. Additionally, BIFI holders have the right to vote on Beefy DAO proposals via the Snapshot governance mechanism.

Currently, the Beefy ecosystem TVL reaches $236 million.

Important recent news about BIFI:

1️⃣ Rapid Ecosystem Expansion Strengthens Market Confidence

Over the past three days, Beefy’s on-chain deployment has expanded dramatically from 21 to 39 blockchains, an increase of 85.7%. Meanwhile, the total value locked (TVL) in the ecosystem grew from $234 million to $236 million, demonstrating stable capital accumulation during the chain expansion process. The rapid multi-chain coverage directly increased the platform’s liquidity aggregation scale, providing a quantifiable support base for the token’s value.

2️⃣ Fixed Supply Mechanism and Complete Yield Incentive System Support Price Performance

The fixed total supply of 80,000 BIFI tokens ensures inflation protection, which is especially important in an environment of increasing market liquidity. The platform’s dual-layer yield incentive structure—via Beefy Maxi vaults for platform yield sharing or earning other project tokens in the native token yield pools—creates ongoing income expectations for BIFI holders. This comprehensive incentive loop has been validated by the synchronized growth in market cap, demonstrating its effectiveness in attracting capital.

3️⃣ Auto-Compounding Mechanism Drives Continuous Capital Inflows

The platform’s track record of accumulating auto-compounded assets worth billions of dollars shows the strong appeal of the auto-compounding mechanism. From December 24 to 26, BIFI’s price surged from $116.48 to $260.66 within three trading days, a 123.6% increase. This accelerated upward trajectory is directly linked to the incremental capital inflows generated by daily auto-compounding. Investors’ recognition of the medium- to long-term yield prospects brought by the auto-compounding model has directly contributed to recent upward price pressure.

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

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