Gate News Bot Message, February 4th, according to CoinMarketCap data, as of press time, CHESS (Tranchess) is currently priced at $0.03, up 25.09% over the past 24 hours, with a high of $0.03 and a low of $0.02. The 24-hour trading volume reached $27.4 million. The current market capitalization is approximately $5.48 million, an increase of $1.10 million from yesterday.
Tranchess is a liquidity staking and structured yield platform offering staking services on Ethereum and BNB Chain. Its core products include BISHOP (value pegged to USD, fully backed by ETH/BNB/BTCB, and享受liquidity staking yields) and ROOK (ETH/BNB/BTC leveraged long tools, no forced liquidation, low financing costs).
The circulating supply of governance token CHESS is 205.9 million tokens. Users can lock CHESS to obtain veCHESS, representing voting rights within the Tranchess community. Main uses of veCHESS include: participating in weekly CHESS issuance distribution votes, receiving 50% of protocol revenue as weekly dividends, up to 3x yield acceleration, and voting on the distribution of PoS staking rewards between ROOK and BISHOP. The annualized yield on BNB Chain is 22.5%, with a total locked value of $6,519,700.
Important recent news about CHESS:
Since the provided information consists of external links unrelated to exchanges and does not include specific date information or clear descriptions of events within the past seven days, it is currently not possible to extract specific driving factors that meet analysis requirements from the given data. The recent price increase may be influenced by market liquidity, increased trading volume (24-hour volume of $27.4 million), and platform fundamentals, but specific event-driven factors require more detailed and timely information.
Investors should continue to monitor the ecosystem development of the Tranchess platform, changes in staking yields on BNB Chain, and updates to the governance token distribution mechanisms to assess long-term investment value.
This message is not investment advice; please be aware of market volatility risks.
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
BTC, ETH Reach Highest Levels Since February 5, Multiple Analysts Bullish on Future Market
The crypto market has rebounded recently, with Bitcoin and Ethereum reaching new highs. Technical analysts Peter Brandt and Ali Charts have both expressed bullish sentiment, with Ethereum potentially targeting $2,600. However, some analysts like Garrett Jin maintain a cautious stance, concerned that external factors could impact the market.
GateNews7m ago
Bitcoin Surges to 76,000 USD, Outpacing Narratives of Gold and Oil Amid US-Iran Tensions - What's the Logic Behind It?
Bitcoin climbed to $76,000 on March 16, gaining nearly 20% cumulatively since the Iran-US conflict, outperforming both gold and the S&P 500. Analysts believe that cooling geopolitical risks, the establishment of Bitcoin's safe-haven properties, and changes in options structure have driven this rally, but this week's FOMC meeting will be an uncertainty factor. Historically, Bitcoin has fallen multiple times following rate decisions, with rising risks.
動區BlockTempo15m ago
Bitcoin Falls After Hitting $76,000 as Analysts Question How Fragile Derivatives-Driven Rally Is?
Bitcoin pulled back below $75,000 after hitting a six-week high of $75,912 on March 17, with gains driven primarily by short put option covering rather than fresh bullish capital inflows. Analysis indicates a lack of active bullish support in the near term, with the key support level of $74,400 becoming an important indicator for market direction.
動區BlockTempo19m ago
Aster DEX Trading Slows as Aster Coin Drops – Latest Aster Price Predictions
One of the most competitive sectors in DeFi this cycle has been the perpetual futures market, and Aster DEX remains an active participant in that space. However, the platform’s native asset, Aster Coin, has seen a significant correction since its strong debut in September 2025. After initially
Coinfomania20m ago
Crypto Market Shows Gains as US Diesel and Gasoline Prices Rise
The crypto market is experiencing gains amid rising diesel and gasoline prices in the US. BTC and ETH lead this upward trend, while gold and silver also see increases. However, market volatility persists due to inflation concerns and geopolitical factors.
TheNewsCrypto21m ago
