YB (YieldBasis) has fallen 19.88% in the last 24 hours, after reaching a high of 1.06 dollars.

Gate News Bot news, on October 16, according to CoinMarketCap data, YB (YieldBasis) is currently reported at $0.71, falling 19.88% in the last 24 hours, with a high of $1.06 and a low of $0.63. The current market capitalization is approximately $62.3 million, a decrease of $15.4473 million compared to yesterday.

YieldBasis is a yield platform focused on market volatility arbitrage. Its official slogan is “Market volatility is your profit.” The platform offers features such as Earn, Lock, Vote, and Govern, allowing users to participate in yield farming, locking, voting, and governance. Currently, YieldBasis has a total locked value of (TVL) reaching $150 million, with 3 trading markets including tBTC, cbBTC, and WBTC, where the Token APRs are 36.87%, 37.19%, and 38.53% respectively.

YB recent important news:

1️⃣ YB Token Officially Circulates and Trading Begins The YB token will officially start circulating on October 15, 2025, at 18:00 (UTC+8). Gate and several other trading platforms will simultaneously launch YB spot trading and open YBUSDT perpetual contracts. This marks the official entry of YB into the secondary market trading phase, providing investors with diversified trading options.

2️⃣ YieldBasis Launches Early LP and Curve DAO Supporter Reward Program YieldBasis announced that it will reward early liquidity providers (LP) with 5.625 million YB and reward Curve DAO supporters with 5 million YB. This initiative aims to incentivize early participants and community supporters, which may affect the supply and demand relationship of YB in the short term.

3️⃣ Gate completes YB USDT perpetual contract upgrade Gate completed the upgrade migration of the YBUSDT perpetual contract before 22:00 (UTC+8) on October 15, 2025. The upgraded contract supports up to 50 times leverage trading, which may increase the trading activity and price volatility of YB.

From a technical perspective, YB experienced a significant pullback after its debut, reaching a high of $1.06 within 24 hours and then falling back to $0.71. This price fluctuation may reflect the market's initial reaction to the newly launched token and the process of value exploration. At the same time, the opening of up to 50x leveraged trading may further exacerbate short-term price volatility.

This message is not an investment recommendation; investors should be aware of market volatility risks.