Gate News Bot Message, February 5th, According to CoinMarketCap data, as of press time, CHESS (Tranchess) is trading at $0.03, up 20.55% in the past 24 hours, reaching a high of $0.03 and a low of $0.02. The 24-hour trading volume is $8.41 million. The current market cap is approximately $5.66 million, an increase of $965,400 from yesterday.
Tranchess is a liquidity staking and structured yield platform that provides users with liquidity staking, leveraged trading, and stable income services across multiple public blockchains such as Ethereum and BNB Chain. The platform’s core products include BISHOP (value-anchored to USD, fully supported by ETH, BNB, BTCB) and ROOK (offering leveraged long positions without forced liquidation). Users can earn sustainable yields by staking ETH, BNB, and BTC. CHESS is the platform’s governance token, with a circulating supply of 205.9 million tokens. Locking CHESS grants veCHESS, which provides benefits such as weekly CHESS emission voting rights, 50% protocol revenue dividends, up to 3x yield acceleration, and PoS reward distribution rights. The platform currently has a total locked value of approximately $6.52 million, supported by investments from well-known institutions like Balancer. The smart contract code has been audited by PeckShield and Certik.
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
SHIB Holds Weak Range as Burn Rate Drops and Pressure Builds
Key Insights
SHIB remains within a long-standing descending channel, with price stuck in the lower range and unable to break persistent resistance levels.
The burn rate dropped sharply, removing a short-term support factor and reducing retail-driven momentum seen earlier during increased
CryptoNewsLand42m ago
HYPE Price Break Signals Deeper Pullback Amid Weak Momentum
Key Insights:
HYPE broke below $37 support after repeated tests, signaling weakening buyer strength and confirming growing bearish control across short-term price structure movements.
Fibonacci levels identify $32.44 and $29.5 as critical demand zones, where buyers may re-enter as
CryptoNewsLand47m ago
Solana Price Faces Downside Risk as Bears Eye $74 Zone
Key Insights
Solana trades near eighty dollars as bearish momentum builds, with indicators signaling weakness and increasing probability of testing lower support levels soon.
Technical signals, including weak MACD and low RSI momentum, indicate sellers remain dominant, reinforcing downside p
CryptoNewsLand52m ago
BNB Price Struggles Below $600 as Weak Momentum Persists
Key Insights
BNB lost $600 support, shifting short-term momentum and placing price under pressure as sellers strengthened control and limited recovery attempts across sessions.
Price consolidation between $560 and $580 reflects cautious buying activity, while weak indicators continue to limi
CryptoNewsLand56m ago
Dogecoin Sees Rising Long Bets While Price Stays Under Pressure
Dogecoin's long positioning increases as traders expect a rebound, yet significant short positions and declining trading volume suppress price movement. The market lacks direction, showing a sideways to slightly bearish outlook as the price struggles to gain momentum.
CryptoNewsLand1h ago
Dogecoin Eyes Breakout as Bollinger Bands Signal Price Shift
Key Insights:
Dogecoin trades near resistance as Bollinger Bands tighten, signaling reduced volatility and an increasing likelihood of a sharp directional price movement soon.
Declining trading volume reflects market hesitation, yet reduced selling pressure may still support upward
CryptoNewsLand1h ago
