BAS (BNB Attestation Service) rose 106.25% in 24 hours.

Gate News Bot news, on October 15, according to CoinMarketCap data, BAS (BNB Attestation Service) is currently priced at $0.10, having risen 106.25% in the last 24 hours, with a peak of $0.11 and a low of $0.02. The current market capitalization is approximately $257 million, an increase of $132 million compared to yesterday.

BNB Attestation Service (BAS) is the native verification and reputation layer of the BNB Chain ecosystem, supporting composable KYC, identity, and asset proof, applicable to RWA, DeFi, and AI agents. BAS offers two certification modes: on-chain certification and off-chain certification. Currently, there have been over 40 million certifications, 2.5 million unique addresses, and more than 100 partners. BAS aims to rebuild trust in a decentralized internet environment, going beyond traditional centralized endorsements and geographical limitations. It can be applied to trusted data transactions, reputation system construction, and supporting various scenarios in the real world, such as decentralized identity, skill verification, etc.

Important news about BAS recently:

1️⃣ BNB Attestation Service ecosystem continues to expand BAS, as a core component of the BNB Chain ecosystem, is continuously expanding its influence. Currently, BAS has completed over 40 million certifications, involving 2.5 million independent addresses, and has established partnerships with over 100 partners. This massive user base and cooperation network provide solid support for the value rise of BAS.

2️⃣ Diverse application scenarios drive demand rise The application scope of BAS is continuously expanding, covering multiple fields such as KYC, identity verification, and asset proof. Especially in emerging areas like RWA (real-world assets), DeFi, and AI agents, the application of BAS has greatly enhanced its practicality and market demand. This diversified application scenario helps attract more users and developers to join the BAS ecosystem.

3️⃣ Decentralized trust mechanisms gain market recognition BAS is committed to rebuilding the trust mechanism in a decentralized internet environment, and this concept is gradually gaining market recognition. By providing both on-chain and off-chain certification models, BAS offers users flexible choices and effectively addresses the issues of traditional centralized endorsements and geographical constraints. This innovative trust mechanism is significant for constructing a credible data trading and reputation system.

From a technical perspective, the price of BAS has seen a significant rise in the short term, which may pose a risk of correction. Investors should closely monitor the specific application progress of BAS in the DeFi and RWA sectors, as well as its positional changes within the BNB Chain ecosystem, as these factors may influence its long-term value.

This message is not an investment advice, and investors should pay attention to market volatility risks.