440M Bitget Token BGB Transferred to Morph Foundation to Accelerate On-Chain Payments
BGB becomes the native gas, governance, and payment token on Morph, unlocking new onchain finance use cases for over 120 million users.
BGB becomes the native gas, governance, and payment token on Morph, unlocking new onchain finance use cases for over 120 million users.
The analysis also compared $BGB to other utility tokens for other crypto exchanges.
Burning those 800 million tokens made BGB scarcer, which might drive up demand and, in turn, its value.Â
The unified token, BGB, will now serve as the core utility token across the Bitget Exchange and Bitget Wallet ecosystems.
The token’s upward trend accelerated after breaking a descending resistance line in September.
In the first half of 2024, a Forbes report highlighted several cryptocurrencies that outperformed Bitcoin.
Bitget attributed its Q1 2024 growth to strategic listings of projects like MEME, AI, RWA, and inscription tokens.