Gate News Bot Message, February 5th, According to CoinMarketCap data, as of press time, CHESS (Tranchess) is trading at $0.03, up 20.55% in the past 24 hours, reaching a high of $0.03 and a low of $0.02. The 24-hour trading volume is $8.41 million. The current market cap is approximately $5.66 million, an increase of $965,400 from yesterday.
Tranchess is a liquidity staking and structured yield platform that provides users with liquidity staking, leveraged trading, and stable income services across multiple public blockchains such as Ethereum and BNB Chain. The platform’s core products include BISHOP (value-anchored to USD, fully supported by ETH, BNB, BTCB) and ROOK (offering leveraged long positions without forced liquidation). Users can earn sustainable yields by staking ETH, BNB, and BTC. CHESS is the platform’s governance token, with a circulating supply of 205.9 million tokens. Locking CHESS grants veCHESS, which provides benefits such as weekly CHESS emission voting rights, 50% protocol revenue dividends, up to 3x yield acceleration, and PoS reward distribution rights. The platform currently has a total locked value of approximately $6.52 million, supported by investments from well-known institutions like Balancer. The smart contract code has been audited by PeckShield and Certik.
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
The Definitive Stablecoin Landscape Series: North America
Stablecoins are undergoing an evolution into a foundational financial infrastructure. North America leads in development, focusing on regulated, compliant options. The market shows a shift with RLUSD gaining traction due to integration with Ripple, emphasizing real demand over exchange liquidity.
CoinDesk49m ago
Bittensor Price Jumps 120% as AI Momentum Fuels TAO Demand
Bittensor's TAO token surged over 120% in March due to increased network activity and NVIDIA CEO's endorsement. The decentralized AI network's subnet expansion bolstered demand, with support at $300 and resistance near $340 indicating potential future price movements.
CryptoNewsLand50m ago
PEPE Price Holds Bearish Structure as Rebound Signal Emerges
Key Insights
PEPE remains in a clear downtrend, with persistent lower highs and continued selling pressure keeping the price near key support levels around $0.00000330.
The TD Sequential indicator signals a possible rebound after an extended decline, suggesting a move toward 0.0000050 if
CryptoNewsLand55m ago
What next as XRP rises to $1.33 but fails to break out
XRP is currently trading around $1.33, showing slight upward movement but lacking a breakout. Volume is up, indicating potential positioning rather than strong conviction. Key price levels to watch are $1.30 as support and $1.34-$1.35 as resistance, with XRP remaining range-bound in the meantime.
CoinDesk1h ago
Solana Holds Key Support as Bitcoin Rally Lifts Crypto Market
Solana's price remained above $80 amid rising Bitcoin values, contributing to a broader crypto market recovery with a capitalization of $2.35 trillion. Institutional demand and easing geopolitical tensions supported this growth, while Solana led in decentralized finance activity, recording significant DEX and stablecoin volumes in March.
CryptoNewsLand1h ago
Hyperliquid Sees Sharp Volume Drop as Netflows Turn Deeply Negative
Hyperliquid’s derivatives volume dropped sharply, with some platforms reporting declines above 60%, signaling reduced speculative activity and weakening trader engagement across markets.
Netflows turned deeply negative near -285%, reflecting sustained capital withdrawal as both spot and
CryptoNewsLand1h ago
