The price of DeBridge (DBR) reaches its all-time high, following a 30% increase in its listing on a major South Korean crypto exchange.
DeBridge (DBR) has experienced a 30% price increase and has reached an all-time high following its listing on the South Korean crypto exchange Bithumb. The cross-chain bridge platform, based in Solana, is gaining popularity for its innovative DeFi solutions, which provide seamless asset transfers and staking capabilities.
The DBR token is establishing itself as a significant player in decentralized finance, with a burgeoning investor interest and robust trading volume. This has further solidified its market presence following this significant listing.
DeBridge Token Listing Announced by Bithumb
Adding the Solana-based token to its expanding portfolio, Bithumb announced the listing of DeBridge on December 20. Trading of the DBR token will commence at 6:00 PM KST on the KRW pair. After the announcement, deposits and withdrawals exclusively supported the Solana network.
DeBridge, a cross-chain bridge platform, facilitates real-time asset and information transfers within the DeFi environment, providing guaranteed interest rates, abundant liquidity, and tight spreads. The network’s governance and staking are contingent upon the utility token. The exchange’s stringent protocols are adhered to by Bithumb’s listing. These include restricting buy and sell orders during the initial trading phase to maintain market stability.
This strategic listing is consistent with the increasing demand for cross-chain DeFi solutions. It emphasizes the capacity of DeBridge’s technology to resolve liquidity challenges within the decentralized finance ecosystem. This advancement positions DBR to be at the forefront of blockchain network innovation, as there is a growing emphasis on interoperability.
Market Momentum and Price Performance: ATH
The price of DeBridge experienced a significant increase to an all-time high of $0.04702 following the listing, and it subsequently stabilized at $0.04191. The price of DBR has fluctuated between $0.03119 and $0.04702 over the past 24 hours. The market capitalization has reached $49 million, with a trading volume of $46 million.
Similarly, Moca Coin (MOCA) experienced a 370% increase in value after listing on the Bithumb exchange. A pump-and-dump is typically observed in cryptocurrency pairs listed in KRW. Nevertheless, analysts anticipate DBR’s value will increase due to its increasing adoption and utility in DeFi, solidifying its market position.