BounceBit (BB) is a Layer 1 that uses the PoS consensus mechanism but differs from other Layer 1s in that participants will stake Bitcoin and BB tokens, which BounceBit calls Dual-token PoS. Participants who stake BTC into BounceBit will receive stBTC in return, and they can continue to restake that stBTC to receive liquid restaking tokens.

Therefore, BounceBit is mainly known and emphasized by users as a Bitcoin staking project to receive yield. Binance said that the maximum supply of BB is 2.1 billion USD, the initial supply on the exchange is 509 million BB.

In the field of Bitcoin Restaking, there is still no similar project listed on Binance to compare capitalization.

If compared to projects on Binance Lauchpool that are recently reaching an average capitalization of 400 million - 500 million USD, BB can be priced at 0.95 USD - 1.2 USD. Compared to a recently noticed ETH Restaking project, Ether.fi, the capitalization is also around 400 million USD.