South Korean crypto exchange Bithumb has listed DeBridge (DBR) sparking a 30% price surge and pushing the token to an all-time high. The Solana-based cross-chain bridge platform is gaining traction for its innovative solutions in DeFi, offering seamless asset transfers and staking capabilities.
With strong trading volume and growing investor interest, the DBR token is emerging as a key player in decentralized finance, further solidifying its market presence after this major listing.
Bithumb Announces DeBridge Token Listing
Bithumb announced the listing of DeBridge on December 20, adding the Solana-based token to its growing portfolio. The DBR token is now available on the KRW pair, with trading beginning at 6:00 PM KST. Deposits and withdrawals opened shortly after the announcement, supporting only the Solana network.
DeBridge, a cross-chain bridge platform, enables real-time asset and information transfers across the DeFi environment, offering tight spreads, abundant liquidity, and guaranteed interest rates. Its utility token is essential for staking and governance within the network. Bithumb’s listing follows the exchange’s strict protocols. These include restricting buy and sell orders during the initial trading phase to ensure market stability.
This strategic listing aligns with the growing demand for cross-chain DeFi solutions. It underscores the potential of DeBridge’s technology to address liquidity challenges in decentralized finance ecosystem. With an increasing focus on interoperability, this development positions DBR to lead innovation in blockchain networks.
Price Performance: ATH and Market Momentum
Following the listing, DeBridge price surged to an all-time high of $0.04702 before stabilizing at $0.04191. In the past 24 hours, DBR price is trading within the $0.03119 and $0.04702 range. The market cap has reached $49 million, with $46 million in trading volume.
Similarly, Moca Coin (MOCA) saw a 370% surge after listing on Bithumb exchange. Crypto listed in KRW pairs usually witnessed a pump-and-dump. However, analysts expect DBR’s utility in DeFi and growing adoption to drive its value higher, solidifying its market position.
The post DeBridge (DBR) Price Hits ATH After 30% Jump on Major Listing appeared first on CoinGape.