Gate News Bot news, on December 24, according to CoinMarketCap data, BIFI (Beefy) is currently priced at $116.48, having risen 11.78% in the last 24 hours, reaching a high of $161.67 and a low of $91.18. The current market capitalization is approximately $9.32 million, an increase of $981,800 from yesterday.
Beefy is a cross-chain yield optimizer dedicated to obtaining the highest APY returns for users across 21 blockchains, with a focus on security and efficiency. Users can stake tokens in Beefy's single-asset vaults, where the platform profits by staking on external lending platforms. The interest earned daily is automatically used to purchase more assets and reinvest, achieving automatic compound interest. Currently, the ecosystem has gathered a total locked value of $234 million, deployed 1025 vaults, covering 21 public chains.
BIFI is the native governance token of the protocol, with a fixed total supply of 80,000 tokens, serving as an inflation protection mechanism. BIFI holders can participate in profit sharing by staking in the Beefy Maxi vault, or earn rewards in the form of other project tokens by participating in the platform's native token reward pool. Additionally, BIFI token holders have the right to vote on the Beefy DAO through the Snapshot governance mechanism.
Important news about BIFI recently:
Given that the information provided is only links to market price tracking and exchange tool pages, it does not include substantial information content such as specific project dynamics, market events, or policy changes within seven days from the analysis point of 2025-12-24T01:25:20Z. Therefore, there is currently no need to add a driving factor analysis based on new information.
The current rise of 11.78% in BIFI mainly reflects the market's recognition of the ecological scale of this yield optimization protocol - a total locked value of $234 million and 1,025 active vaults demonstrate the extensive coverage of cross-chain deployment, while the fixed supply mechanism provides a fundamental support for inflation protection. Investors need to closely monitor market volatility risks while focusing on subsequent ecological expansion, yield changes, and governance mechanism optimization.
This message is not intended as investment advice; investors should 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
3 Promising Altcoins to Hold for Long-Term Profit — XRP, DOGE, and SOL
XRP shows strong breakout momentum, backed by bullish indicators and upcoming RLUSD launch.
DOGE forms a bullish pennant pattern, supported by strong community and key resistance breakout.
SOL gains traction through DeFi growth, with cup and handle patterns targeting higher prices.
The c
CryptoNewsLand8m ago
When to Buy Bitcoin Next? Analyst Outlines Exact Entry Levels
Bitcoin dumped hard in early February, plunging to a 15-month low of $60,000. This meant that it had shed over 50% of its value since early October when it peaked at over $126,000.
Although it has recovered roughly 20% since that low and sits close to $72,000 now, there are still some analysts
CryptoPotato19m ago
Retail investors drive widespread bitcoin selling as prices fall
Glassnode's Accumulation Trend Score indicates widespread selling led by retail investors as Bitcoin dips below $67,000, primarily from those holding under 10 BTC, while larger entities hold back, showing neutral behavior.
CoinDesk1h ago
Altcoin Bloodbath Negative Impulse Crushes Bulls at 40%!
Recent data shows negative impulse metrics dominate the altcoin market, indicating selling pressure outweighs buying momentum. Altcoins lag behind Bitcoin, struggling with weak recoveries and short-lived rallies, signaling a cautious market. A shift to positive indicators is needed for potential reversal.
Coinfomania1h ago
BTC Price Plunges to 3-Week Low as Analysts Map Out Next Downside Targets
The first breakdown to under $68,000 seemed as just the beginning for bitcoin’s Friday correction, which just worsened with another dip to a fresh 3-week low.
Most altcoins have followed suit, which has harmed over-leveraged traders, with more than 120,000 such participants being wrecked in the
CryptoPotato1h ago
SIREN Soars by Triple Digits Again, Bitcoin Dipped to 4-Week Low: Weekend Watch
Bitcoin faced significant volatility, dropping to a local low of $65,500 after failing to break past $72,000. Major altcoins also declined, with ETH below $2,000. The total crypto market cap is down $60 billion amidst this downturn.
CryptoPotato1h ago
