YB (YieldBasis) rose 20.80% in the last 24 hours.

Gate News Bot message, on October 23, according to CoinMarketCap data, as of the time of writing, YB (YieldBasis) is currently priced at 0.45 USD, with a rise of 20.80% in the last 24 hours, reaching a high of 0.76 USD and a low of 0.36 USD. The current market capitalization is approximately 39.2 million USD, an increase of 6.75 million USD compared to yesterday.

YieldBasis is a platform that sources its returns from market volatility. The project offers multiple sources of income, including trading profits and token staking rewards. Currently, the platform's total value locked (TVL) reaches $150 million, with a total of 3 markets. YieldBasis supports various assets, such as tBTC, cbBTC, and WBTC, with annual percentage rates (APR) of 36.87%, 37.19%, and 38.53%, respectively.

Important news about YB recently:

1️⃣ YB token officially circulates and trading begins The YB token will officially start circulating on October 15, 2025, at 18:00 (UTC+8). Gate and several other trading platforms will simultaneously launch YB spot trading and open YBUSDT perpetual contracts. This marks the official entry of YB into the secondary market trading phase, providing investors with diversified trading options, which may be one of the main factors driving the recent price rise.

2️⃣ YieldBasis Launches Early LP and Curve DAO Supporter Reward Program YieldBasis announced that it will reward early liquidity providers (LP) with 5.625 million YB and will reward Curve DAO supporters with 5 million YB. This initiative aims to incentivize early participants and community supporters, which may affect the supply and demand relationship of YB in the short term, thereby influencing its price performance.

3️⃣ Gate completes the YB USDT perpetual contract upgrade Gate completed the upgrade migration of the YBUSDT perpetual contract before October 15, 2025, at 22:00 (UTC+8). The upgraded contract supports up to 50x leverage trading, which may increase the trading activity and price volatility of YB, and is an important factor contributing to the recent significant price fluctuations.

From a technical perspective, YB experienced significant volatility after its debut. On October 16, YB reached a high of $1.06 before falling back to $0.71, and then on October 23, it saw a rise of 20.80%. This price fluctuation reflects the market's initial reaction and value exploration process for the newly listed token. At the same time, the opening of leveraged trading up to 50 times may have further exacerbated short-term price volatility.

This message does not constitute investment advice; investors should be aware of market volatility risks.