Gate News Bot Message, February 4th, according to CoinMarketCap data, as of press time, CHESS (Tranchess) is currently priced at $0.03, up 25.09% over the past 24 hours, with a high of $0.03 and a low of $0.02. The 24-hour trading volume reached $27.4 million. The current market capitalization is approximately $5.48 million, an increase of $1.10 million from yesterday.
Tranchess is a liquidity staking and structured yield platform offering staking services on Ethereum and BNB Chain. Its core products include BISHOP (value pegged to USD, fully backed by ETH/BNB/BTCB, and享受liquidity staking yields) and ROOK (ETH/BNB/BTC leveraged long tools, no forced liquidation, low financing costs).
The circulating supply of governance token CHESS is 205.9 million tokens. Users can lock CHESS to obtain veCHESS, representing voting rights within the Tranchess community. Main uses of veCHESS include: participating in weekly CHESS issuance distribution votes, receiving 50% of protocol revenue as weekly dividends, up to 3x yield acceleration, and voting on the distribution of PoS staking rewards between ROOK and BISHOP. The annualized yield on BNB Chain is 22.5%, with a total locked value of $6,519,700.
Important recent news about CHESS:
Since the provided information consists of external links unrelated to exchanges and does not include specific date information or clear descriptions of events within the past seven days, it is currently not possible to extract specific driving factors that meet analysis requirements from the given data. The recent price increase may be influenced by market liquidity, increased trading volume (24-hour volume of $27.4 million), and platform fundamentals, but specific event-driven factors require more detailed and timely information.
Investors should continue to monitor the ecosystem development of the Tranchess platform, changes in staking yields on BNB Chain, and updates to the governance token distribution mechanisms to assess long-term investment value.
This message is not investment advice; please 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
REQ Soars 21.77% — What Does This Mean for Traders?
Request Network (REQ) surged 21.77% within an hour, reaching $0.0839 amid growing trader interest. Market conditions, bullish sentiment, and DeFi trends may be driving this rally, while traders monitor key resistance and support levels for future movements.
Coinfomania17m ago
Goldman Sachs Becomes Largest Holder of XRP ETFs With $153.8 Million in Holdings
Goldman Sachs becomes largest holder of XRP ETFs.
The entity now holds a total of $153.8 million in holdings.
This shows a promising future for the price of XRP.
The crypto community is thrilled to see the slight rise in crypto prices today. Presently, the price of Bitcoin (BTC), the p
CryptoNewsLand18m ago
BTC 15-minute decline of 0.61%: Major wallet selling pressure combined with negative US employment data triggers adjustment
Between 2026-03-12 14:15 and 14:30 (UTC), BTC price declined from 70660.0 USDT to 69917.2 USDT, with a 15-minute return rate of -0.61% and volatility reaching 1.06%. Trading volume increased sequentially, with market attention rising notably, and heightened fluctuations triggering alerts among short-term traders.
The primary driver of this price movement was on-chain whale wallets concentrating approximately 2,100 BTC inflows to exchanges within a short timeframe, representing an 18% increase compared to the previous period. Large holders' active position adjustments and concurrent large sell orders in spot and perpetual markets were simultaneously released.
GateNews37m ago
Stablecoin neo EURO captures only 0.35% of market supply
Stablecoins pegged to the EURO only represent 0.35% of total supply and less than 0.1% of total global trading volume, demonstrating limited market liquidity significance compared to USD stablecoins. Notable EURO stablecoins include EURC, EURCV, AEUR, EURI, and EURe.
TapChiBitcoin43m ago
ETH 15-minute rise of 0.72%: On-chain capital inflows and bullish sentiment dominating the market
2026-03-12 14:00 to 2026-03-12 14:15 (UTC), ETH spot price showed rapid upward movement with a 15-minute return rate of +0.72%, price range between 2065.45 to 2082.77 USDT, and overall volatility of 0.84%. During this market fluctuation, market attention increased, trading volume rose sequentially, and unilateral buy-side orders drove market sentiment to remain bullish.
The main driver of this price movement was large-scale on-chain capital inflows and the linkage effect between spot and futures markets. On-chain data shows multiple high-net-worth wallets
GateNews52m ago
Altcoin About to 10x? History Is Literally Repeating Itself
Crypto analysts suggest the altcoin market may be entering another expansion phase, similar to patterns seen in past rallies. While investor interest grows, indicators show the altcoin cycle hasn't begun yet, with high Bitcoin dominance and a low Altcoin Season Index.
Coinfomania1h ago
