Greed

Solana

ORDI

Jito

Bonk

<h4>The Singapore based CEX is listing various new tokens. We take a closer look at three protocols that stand out. The listed tokens have various backgrounds, which makes it interesting. Bloomberg mentions BYDFi as being one of the top 10 crypto exchanges this year.</h4> 
So, without further ado, let’s take a look at these new protocols on BYDFi. 
<blockquote class="twitter-tweet"> 
 Check <a href="https://twitter.com/hashtag/BYDFiMarketGlance?src=hash&amp;ref_src=twsrc%5Etfw">#BYDFiMarketGlance</a> on Dec. 16 NOW! 
 <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f4ca.png" alt="📊" class="wp-smiley" style="height: 1em; max-height: 1em;">Market Stats – Market capitalization: 1.678 USD – Volume 24h: 248.7 billion USD – Fear &amp; Greed stat : 67 – BTC.D : 50.68 
 <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f4cc.png" alt="📌" class="wp-smiley" style="height: 1em; max-height: 1em;">Top 3 coins that increase in price on BYDFI – <a href="https://twitter.com/search?q=%24MUBI&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$MUBI</a> (+92.42%) – <a href="https://twitter.com/search?q=%24VMPX&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$VMPX</a>… 
 — BYDFi (@BYDFi) <a href="https://twitter.com/BYDFi/status/1736018379545448519?ref_src=twsrc%5Etfw">December 16, 2023</a>
</blockquote> 
<h5>Jito Network (JTO)</h5> 
Jito Network calls the Solana blockchain its home. It offers liquid staking. When you stake SOL on Jito, you receive JitoSOL. This token represents your original stake and the staking rewards. However, there’s also an extra reward. That’s a maximal extractable value or MEV reward.&nbsp; 
MEV is the order in which validators can change or exclude transactions. Now, MEV can have a negative impact. That’s because validators can increase their rewards by manipulating this MEV. However, if you use it to optimize rewards, you turn it around. Now you use it to make it efficient and avoid spam and failed transactions. 
So, the <a href="https://www.jito.network/" target="_blank" rel="noopener">Jito Network</a> uses a hybrid setup for the rewards. Staking on one side and MEV on the other side. Another eye-opener was the <a href="https://bit.ly/BYDFi-Article-CTA" target="_blank" rel="noopener">JTO token</a> airdrop. There are reports about claims ranging between $5,000 and $12,000 and upwards. The JTO airdrop put the whole <a href="https://www.altcoinbuzz.io/?s=solana" target="_blank" rel="noopener">Solana</a> ecosystem on the <a href="https://www.altcoinbuzz.io/?s=airdrop" target="_blank" rel="noopener">airdrop</a> map. Everybody seems to be chasing Solana airdrops since JTO dropped. 
The <a href="https://www.coingecko.com/en/coins/jito" target="_blank" rel="noopener">JTO token</a> only launched earlier this month. Since the launch, it stayed around the $3 price mark. The JTO token is a governance token. Jito Network currently has the <a href="https://defillama.com/chain/Solana" target="_blank" rel="noopener">second-highest TVL</a> on Solana, with $644 million. 
<blockquote class="twitter-tweet"> 
 StakeNet is blending Validator History and Steward Programs for secure, transparent validator management. 
 StakeNet is autonomous, StakeNet is DeFi. 
 LFG!<a href="https://t.co/os2kp9rnOB">https://t.co/os2kp9rnOB</a> <a href="https://t.co/c42vJlVeYi">pic.twitter.com/c42vJlVeYi</a> 
 — Jito (@jito_sol) <a href="https://twitter.com/jito_sol/status/1737188830732501392?ref_src=twsrc%5Etfw">December 19, 2023</a>
</blockquote> 
<h5>Bonk (BONK)</h5> 
Remember Solana in December 2022? It faced one of its darkest moments. SOL dropped below $10. That’s when the meme token <a href="https://bonkcoin.com/" target="_blank" rel="noopener">BONK</a> entered the Solana space. It sparked a new fire in the Solana ecosystem. Exactly what Solana needed at that moment. But, as meme tokens tend to do, the price bounced around a lot. 
<a href="https://bit.ly/BYDFi-Article-CTA" target="_blank" rel="noopener"><img decoding="async" class="aligncenter size-large wp-image-130477" src="https://www.altcoinbuzz.io/wp-content/uploads/2023/12/BYDFi_Bonk-Mubi-JTO-listing_2-1-1024x576.jpg" alt="" width="696" height="392" srcset="https://www.altcoinbuzz.io/wp-content/uploads/2023/12/BYDFi_Bonk-Mubi-JTO-listing_2-1-1024x576.jpg 1024w, https://www.altcoinbuzz.io/wp-content/uploads/2023/12/BYDFi_Bonk-Mubi-JTO-listing_2-1-300x169.jpg 300w, https://www.altcoinbuzz.io/wp-content/uploads/2023/12/BYDFi_Bonk-Mubi-JTO-listing_2-1-768x432.jpg 768w, https://www.altcoinbuzz.io/wp-content/uploads/2023/12/BYDFi_Bonk-Mubi-JTO-listing_2-1-696x392.jpg 696w, https://www.altcoinbuzz.io/wp-content/uploads/2023/12/BYDFi_Bonk-Mubi-JTO-listing_2-1-1068x601.jpg 1068w, https://www.altcoinbuzz.io/wp-content/uploads/2023/12/BYDFi_Bonk-Mubi-JTO-listing_2-1-747x420.jpg 747w, https://www.altcoinbuzz.io/wp-content/uploads/2023/12/BYDFi_Bonk-Mubi-JTO-listing_2-1.jpg 1200w" sizes="(max-width: 696px) 100vw, 696px"></a> 
What followed was sideways action until November this year. That’s when it started a parabolic surge. Especially in December. BONK went up by 406% over the last 30 days. Just like Solana is the comeback chain. BONK is the comeback meme token. It peaked at an ATH in mid-December of $0.00003416. The sideways movement saw its lowest point at $0.000000086142. BONK dropped a few zeros there. As a result, every major exchange has BONK now among its listings. No wonder that BYDFi added <a href="https://bit.ly/BYDFi-Article-CTA" target="_blank" rel="noopener">BONK</a>. The current <a href="https://www.coingecko.com/en/coins/bonk" target="_blank" rel="noopener">BONK price</a> is $0.00002033. 
So, this kicked off an entirely new meme season on Solana. As it is with meme coins, some do well, others don’t. However, BONK is doing very well. The following video gives a little history of the BONK coin. 
<iframe title="$BONK - The Origin" width="696" height="522" src="https://www.youtube.com/embed/eUAeBaJJ5EI?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe> 
<h5>MultiBit Protocol (MUBI)</h5> 
<a href="https://multibit.exchange/" target="_blank" rel="noopener">MultiBit Protocol</a> is a service-providing protocol on Bitcoin. It offers cross chain options and imports Ethereum’s DeFi to Bitcoin. On the other hand, it also brings BRC20 tokens and ORDI to other chains. For example, the EVM network and the BNB chain. 
So, the MultiBit platform offers a bridge for this. But that’s not it, MultiBit offers much more. There’s a swap, a staking platform, and farming is in the making. The app connects to four different chains, Bitcoin, Ethereum, BNB, and <a href="https://www.altcoinbuzz.io/?s=polygon" target="_blank" rel="noopener">Polygon</a>. 
As a result, MultiBit offers four different options. For instance, 
<ul> 
 <li style="font-weight: 400;">DeFi for BRC20 tokens — It allows you to lend borrow, and farm on DEXes.</li> 
 <li style="font-weight: 400;">Ordinals Automated Market Maker (OAMM) — Trade your Ordinals (ORDI) here.</li> 
 <li style="font-weight: 400;">Liquidity farming — This option for farming Ordinals is coming up.&nbsp;</li> 
 <li style="font-weight: 400;">Stablecoin — This is the Ordinals Stablecoin, it uses Ordinals as collateral.</li> 
</ul> 
Furthermore, it comes with a friendly UI, that’s easy to use. The MUBI token was launched last month, in November.&nbsp; The current <a href="https://www.coingecko.com/en/coins/multibit" target="_blank" rel="noopener">MUBI token price</a> is $0.319. But hold on to your seats, over the last 30 days it saw a 1,641% price increase. BYDFi <a href="https://bit.ly/BYDFi-Article-CTA" target="_blank" rel="noopener">listed</a> an interesting token with MUBI, with plenty of opportunities to offer. The picture below shows how the MultiBit Protocol works. 
<img decoding="async" class="aligncenter wp-image-130388 size-large" src="https://www.altcoinbuzz.io/wp-content/uploads/2023/12/FireShot-Pro-Webpage-Capture-269-MultiBit-multibit.exchange-1024x463.jpg" alt="BYDFi" width="696" height="315" srcset="https://www.altcoinbuzz.io/wp-content/uploads/2023/12/FireShot-Pro-Webpage-Capture-269-MultiBit-multibit.exchange-1024x463.jpg 1024w, https://www.altcoinbuzz.io/wp-content/uploads/2023/12/FireShot-Pro-Webpage-Capture-269-MultiBit-multibit.exchange-300x136.jpg 300w, https://www.altcoinbuzz.io/wp-content/uploads/2023/12/FireShot-Pro-Webpage-Capture-269-MultiBit-multibit.exchange-768x348.jpg 768w, https://www.altcoinbuzz.io/wp-content/uploads/2023/12/FireShot-Pro-Webpage-Capture-269-MultiBit-multibit.exchange-1536x695.jpg 1536w, https://www.altcoinbuzz.io/wp-content/uploads/2023/12/FireShot-Pro-Webpage-Capture-269-MultiBit-multibit.exchange-696x315.jpg 696w, https://www.altcoinbuzz.io/wp-content/uploads/2023/12/FireShot-Pro-Webpage-Capture-269-MultiBit-multibit.exchange-1068x483.jpg 1068w, https://www.altcoinbuzz.io/wp-content/uploads/2023/12/FireShot-Pro-Webpage-Capture-269-MultiBit-multibit.exchange-928x420.jpg 928w, https://www.altcoinbuzz.io/wp-content/uploads/2023/12/FireShot-Pro-Webpage-Capture-269-MultiBit-multibit.exchange.jpg 1920w" sizes="(max-width: 696px) 100vw, 696px"> 
Source: <a href="https://multibit.exchange/" target="_blank" rel="noopener">MultiBit</a> 
<h5>Conclusion</h5> 
The BYDFi exchange is working hard. As a result, <a href="https://bit.ly/BYDFi-Article-CTA" target="_blank" rel="noopener">it keeps adding</a> new and interesting tokens to its platform. We look at three tokens today, Jito Network (JTA), Bonk (BONK), and MultiBit (MUBI). 
<a href="https://www.patreon.com/altcoinbuzz" target="_blank" rel="noopener"><img decoding="async" class="wp-image-124240 aligncenter" src="https://www.altcoinbuzz.io/wp-content/uploads/2023/09/image-7-1-1-300x37.jpg" alt="" width="714" height="88" srcset="https://www.altcoinbuzz.io/wp-content/uploads/2023/09/image-7-1-1-300x37.jpg 300w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/image-7-1-1-1024x127.jpg 1024w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/image-7-1-1-768x95.jpg 768w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/image-7-1-1-696x86.jpg 696w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/image-7-1-1-1068x132.jpg 1068w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/image-7-1-1.jpg 1197w" sizes="(max-width: 714px) 100vw, 714px"></a> 
<iframe title="BTC Profits Will Flow Into These 5 Altcoins" width="696" height="392" src="https://www.youtube.com/embed/2QlFmGdmVRU?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe> 
Disclaimer 
The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment and informational purposes only. Any information or strategies are thoughts and opinions relevant to accepted levels of risk tolerance of the writer/reviewers, and their risk tolerance may be different from yours. 
We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments, so please do your due diligence. This article has been sponsored by BYDFi. 
Copyright Altcoin Buzz Pte Ltd. 
The post <a href="https://www.altcoinbuzz.io/product-release/bydfi-lists-3-new-defi-meme-and-service-protocols/">BYDFi Lists 3 New DeFi, Meme, and Service Protocols</a> appeared first on <a href="https://www.altcoinbuzz.io">Altcoin Buzz</a>.

BYDFi Lists 3 New DeFi, Meme, and Service Protocols

Altcoin Buzz

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