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
Chinese electric vehicle company Jiuzi New Energy "exchanges shares for coins," planning to use $1 billion worth of equity to acquire 10,000 Bitcoins
Nine Purple New Energy announces the acquisition of 10,000 Bitcoins with approximately $1 billion in equity, aiming to expand digital asset reserves and enhance asset flexibility. However, with Bitcoin price fluctuations and market uncertainties, the sustainability of the DAT model is questioned, increasing investment risks. This move has triggered significant stock price volatility, accompanied by concerns over speculation and manipulation.
ChainNewsAbmediaJust Now
Arthur Hayes warns: Bitcoin SaaS decoupling incomplete, dead cat bounce risk still exists
Legendary trader Arthur Hayes claims that the current rebound in Bitcoin is merely a "dead cat bounce," pointing out its high correlation with the US SaaS software ETF has failed to decouple, and the rebound lacks sustainability. He warns investors to remain patient and analyzes cross-asset correlations, trading volume, and macroeconomic environment, reminding that a true bottom requires independent momentum to emerge.
MarketWhisper6m ago
PIPPIN drops 37% as $43 million is withdrawn from the market – What's going on?
In the past 24 hours, the price of PIPPIN has dropped sharply by 37%, matching a decrease of $43 million in open contracts (OI), indicating a wave of large position closures happening in the market.
This significant decline often reflects traders exiting leveraged positions as prices fall. This suggests that a strong wave of liquidation is underway in the market.
TapChiBitcoin1h ago
Arthur Hayes: BTC has not yet decoupled from American SaaS technology companies and may only be a short-term rebound
Odaily Planet Daily reports that Arthur Hayes posted on the X platform stating that BTC (white) has not yet decoupled from the US SaaS technology company (green). This may just be a short-term rebound, and it has not yet moved out of the danger zone. Patience is required.
GateNews1h ago
Pi Network price hits two-week high, protocol upgrade drives 8.5% increase
Pi Network's native token PI rose about 8.5% on March 4th, reaching a nearly two-week high, following the successful upgrade to protocol v19.9. The upgrade aims to strengthen network capabilities and will introduce v20.2 before Pi Day 2026. Despite the short-term increase, the Pi Foundation transferred 60.99 million tokens, which could trigger supply pressure. Technically, PI faces a key resistance level at $0.173.
MarketWhisper2h ago
Gate Institute: Under wartime conditions, BTC's trend remains stable with a slight upward bias, and volatility stays high
According to observations from the Gate Research Institute, the current implied volatility for Bitcoin (BTC) and Ethereum (ETH) are 55% and 74%, respectively, reflecting the options market's high expectations for short-term price fluctuations. Recent negative Delta skew for BTC and ETH indicates increased demand for short-term puts. The Gamma distribution is concentrated around March 13, which could lead to amplified volatility. In terms of large options trades, significant buying activity has been observed for both BTC and ETH.
GateNews2h ago
