Chill Guy is a viral meme illustration that took social media by storm before a crypto project used the meme to launch a Solana-based token. Learn more here.

What started as a simple illustration of a laid-back dog has become a global meme sensation, with the cartoon character known as Chill Guy dominating both social media trends and cryptocurrency markets. Created by artist Phillip Banks in October 2023, the easygoing canine character sparked a viral movement that has attracted major brands worldwide.

This article follows Chill Guy’s transformation from a social media sensation to a cryptocurrency asset. We'll examine its viral beginnings, community growth, market impact and what potential investors can expect from CHILLGUY in the future.

 is a viral meme illustration by artist Phillip Banks, depicting a laid-back dog in casual clothes whose easygoing attitude took social media by storm before a crypto project used the meme to launch Just a Chill Guy as a Solana-based token.

What Does Just a Chill Guy Aim to Achieve?

The CHILLGUY meme coin aims to spread a "Why worry?" philosophy into cryptocurrency markets by embracing the laid-back, stress-free attitude that made the original meme go viral. The project transforms this easygoing vibe into a community-driven token, where being low-key isn't just a catchphrase — it's a shared mindset among holders.

The CHILLGUY community brings this philosophy to life by sharing endless variations of the CHILLGUY meme across social platforms. Through market swings and viral trends, CHILLGUY keeps his iconic pose: hands in pockets, subtle smirk, perpetually relaxed.

Just a Chill Guy (CHILLGUY) operates as a Solana Program Library (SPL) token on the 

 blockchain, leveraging the network's ultrafast speeds and low costs to ensure smooth trading. The token was created using Pump.fun, a specialized platform that lets users launch Solana-based tokens without any fees, removing traditional barriers to token creation.

CHILLGUY is a community takeover (CTO), meaning it's completely owned and directed by its token holders with no central team in control. This decentralized structure ensures the project stays true to its community-driven nature, its holders collectively guiding its future while embodying the laid-back spirit of the original meme.

The CHILLGUY token launched with a maximum supply of 1 billion tokens, of which 999,965,435 are currently in circulation. This near-complete distribution of tokens to the market supports active trading and community participation.

What makes CHILLGUY's tokenomics particularly notable is its widespread distribution across more than 142,000 unique holders (as of Nov 27, 2024), achieved in just 12 days. This rapid expansion of its holder base demonstrates strong community adoption and aligns with the project's decentralized, community-driven principles.

CHILLGUY has exploded across social media, especially on TikTok, where the meme has amassed hundreds of millions of views. Its laid-back character resonates with users worldwide, inspiring countless creative adaptations.

Major brands worldwide have embraced CHILLGUY in their marketing campaigns. From Sprite Europe to NFL on CBS, the character has resonated across mainstream media, even catching the attention of global figures like El Salvador's president Nayib Bukele.

The “Chill Guy” meme’s influence spans multiple social media platforms, with a growing community of followers: 96.6K on X (

). On the other hand, the meme token itself also has a vast community, with 39.9K on X (

) and an active Telegram channel of over 15,000 members. These numbers reflect the meme's ability to engage audiences across different platforms.

The token's popularity in cryptocurrency markets matches its social media success, with CHILLGUY maintaining a substantial 24-hour trading volume of over $330.03M as of Nov 27, 2024. This high trading activity demonstrates the strong market interest in CHILLGUY beyond its meme status.

Looking to trade Just a Chill Guy tokens? Bybit now offers the CHILLGUY/USDT Spot trading pair and CHILLGUYUSDT Perpetual contract. To get started, you’ll first need to create a Bybit account, then fund it with cryptocurrency and navigate to the 

While CHILLGUY has maintained strong trading volumes and continues gaining mainstream attention through its viral social media presence, investors should carefully weigh its strengths and risk factors before making investment decisions.

With its widespread brand adoption, sustained trading activity and explosive community growth of over 142,000 holders, CHILLGUY demonstrates significant market potential. However, meme coins are inherently volatile. Potential investors should 

 and invest no more than they can afford to lose.

CHILLGUY is the latest viral sensation to harness the power of the attention economy to convert social media momentum into crypto market success. While CHILLGUY has already demonstrated its ability to capture mass appeal, its position as a leading meme token will depend upon how effectively it maintains its cultural relevance and community engagement in this fast-moving market.

Intermediate

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Just a Chill Guy (CHILLGUY): Embracing the Art of Nonchalance

Zircuit (ZRC) combines optimistic and ZK rollups with AI-driven security, offering fast, low-cost Ethereum Layer 2 solutions. 

 network has flourished, mainly due to the ongoing network congestion, high fees and poor scalability of the latter. Many of these platforms use rollup technology, whereby batches of multiple transactions processed off-chain are bundled together and posted in bulk to the underlying Layer 1. Ethereum-linked rollups mainly come in two varieties 

 (ZK). While optimistic rollups boast lower computational overhead, the ZK variety of these networks features a higher degree of security.

Zircuit (ZRC) is a Layer 2 chain that adopts a hybrid approach, combining the elements of optimistic and 

. This lets the platform offer the performance benefits of optimistic technology along with the security of ZK validity proofs. To further enhance overall security, Zircuit uses a unique 

 (AI)–driven system of monitoring for malicious transactions.

 (ZRC) is a hybrid Layer 2 blockchain that combines the features of optimistic and ZK rollups, and uses AI-driven monitoring for potentially harmful transactions. 

 rollup development technology, a popular framework for building optimistic rollup networks. Additionally, it uses zero-knowledge proofs, which lets the platform offer the best of both worlds 

 the performance benefits of optimistic rollups and the security of ZK technology. Zircuit is 

The Zircuit project takes security very seriously, and has introduced a unique system of AI-based protection against malicious transactions at the sequencer node level. The use of ZK proofs and an AI-based protection system make Zircuit one of the most secure platforms in the competitive world of Ethereum Layer 2 chains.

Along with its excellent security benefits, Zircuit also boasts low costs, fast transactions, excellent scalability and 2-second block production intervals. All these features make it an ideal environment for 

 (DApps) in various niches, particularly 

 (DeFi). In fact, the leading protocols within the Zircuit ecosystem are all dedicated to the finance niche, with Zircuit Staking being the largest application by TVL.

With its heavy focus on DeFi, Zircuit aims to become a leading liquidity hub for various token types within the sector, including 

. These assets can be staked through the Zircuit staking program — supported by the platform's Liquidity Hub — to earn staking APRs, airdrop rewards and points based on the Zircuit Point program (covered further in our article).

The platform also operates a secure native bridging solution, 

, to help users transfer assets between its Layer 2 network and Ethereum Layer 1.

The company behind the project, Zircuit Ltd., was founded in 2021 in Canada by Dr. Martin Derka, Jan Gorzny and Angel Xu. Zircuit's testnet was launched in November 2023, but made headlines in April 2024 when the project reported that its 

 (TVL) had soared past $2 billion. While testnet TVLs are more a gauge of future potential for a blockchain than an indicator of its existing worth, the news attracted the attention of industry observers toward the platform. Following its highly publicized testnet success, Zircuit launched the first phase of its mainnet in August 2024. This was followed by the launch of the platform's native token, ZRC, in November 2024.

As a typical rollup, Zircuit uses an off-chain sequencer node to batch and organize Layer 2 transactions for subsequent posting to the underlying Ethereum Layer 1. The batches have ZK validity proofs attached to them to signal to Layer 1 validators that they’re free from fraudulent transactions. Zircuit's architecture also includes prover nodes, whose job is to produce these validity proofs.

However, unlike other rollups using ZK proofs (also known as validity proofs), Zircuit doesn't generate validity proofs for every block of transactions. Instead, some blocks have pre-generated template proofs, while others go through the process of having a dedicated validity proof created for them. After a few blocks featuring validity proofs, there are several more that utilize template proofs. The image below illustrates this approach.

The key reason Zircuit has adopted this form of proof design is that the process of generating ZK proofs is computationally intensive. By using template proofs for some of the blocks in a sequence, Zircuit can reduce the overall computational overhead. However, the project’s team has stated that the template proof model is temporary, and will be phased out in the future. At that stage, the platform will move to generating ZK proofs for each block.

Zircuit features a highly modular design whereby provers — responsible for generating validity proofs on the platform — can easily be plugged into or removed from the network. This modular approach is distinct from the standard ZK rollup design, in which provers are more tightly and less flexibly integrated into the overall architecture.

As noted earlier, Zircuit uses a dedicated sequencer to organize and batch transactions into blocks. The platform also applies AI-driven monitoring at the sequencer level (the Sequencer Level Security, or SLS) to spot and exclude fraudulent transactions before they’re finalized on Layer 2.

When transactions are first posted to Zircuit, they enter the 

 — a temporary area from which the sequencer picks and organizes individual transactions into blocks. The mempool is being monitored at all times, using AI algorithms to identify suspicious transactions. If a transaction in the mempool raises a flag, it's quarantined and assessed for validity before the sequencer can include it in a block. The image below shows how this process works.

One of the distinct features of Zircuit is its hybrid architecture, which combines the properties of optimistic and ZK rollups. At the base level, Zircuit is built using Optimism's Bedrock development framework, a technology popular for optimistic rollup networks. However, the use of ZK proofs — or, to be more precise, a combination of validity proofs and template proofs — ensures that Zircuit enjoys a security level that standard optimistic rollups normally can't match.

The use of AI-based SLS provides robust security to Zircuit, complementing the already highly secure ZK proof system. Very few Layer 2 networks in the industry currently feature anything similar, making the platform a true pioneer of AI use for sequencer-level operations.

Like any rollup based on Optimism Bedrock, Zircuit enjoys EVM compatibility. This allows for smooth interoperability with the underlying Ethereum Layer 1. EVM compatibility also makes it easy for developers familiar with Ethereum’s environment to develop Zircuit-based DApps, or to port existing Ethereum applications to the platform. Developers can take advantage of technologies commonly used for Ethereum (e.g., the Solidity programming language and the Hardhat development framework) to build Zircuit applications and smart contracts.

Zircuit Bridge is a native bridging solution designed to easily transfer tokens between Ethereum and Zircuit. It boasts high security, low transaction fees and fast transfers, and allows users to move a variety of cryptocurrencies between Ethereum and Zircuit, including ETH, 

) and LRTs like Super Symbiotic LRT (weETHs). As of late November 2024, the total number of cryptos supported by the bridge is close to 30.

Zircuit has launched a reward program called Zircuit Points. Users can earn these Points by staking supported assets, and by participating in the Build to Earn initiative (more on this below). Accumulated points will be converted to ZRC tokens in the future. Points also create the opportunity to qualify for token airdrops.

The primary way for most users to earn Zircuit points is via 

. The Zircuit Staking program lets you stake LSTs, LRTs, popular stablecoins, some wrapped tokens and Ether (ETH) to earn points. Using LSTs and LRTs, you can earn yields (along with native Zircuit staking APRs and Points) from the respective staking and restaking platforms that issue these assets.

Zircuit Points earned via staking have different multipliers, depending upon the asset. For example, Ether has a multiplier of 0.5, while LSTs, LRTs and stablecoins have a multiplier of 1. Multipliers for different LST and LRT assets may be subject to change in the future.

Build to Earn is another way to qualify for Zircuit Points. The program allows developers to contribute to the Zircuit ecosystem and earn Points in a number of ways, including:

Launched in November 2024, ZRC is the platform's native cryptocurrency. It's an 

 asset deployed on both Zircuit and Ethereum Layer 1. ZRC is mainly used for reward distributions, and participation in token airdrops for ecosystem DApps. Currently, transaction fees on the network are paid in Ether. It's possible that, in the future, ZRC might be used for some transaction fee payments.

ZRC is also used for rewards under the Gas Rebate program. As users conduct transactions on the platform, they 

. Zircuit’s Gas Rebate program provides rebates to offset some of the incurred fees. The amount of ZRC earned as a rebate is proportional to the amount spent on gas in ETH; the project's documentation states that for each ETH spent on gas, the user earns 125% in ZRC. All kinds of gas fee payments qualify for the rebate, including ordinary asset transfers and transactions involving interaction with Zircuit DApps.

ZRC is a supply-capped token, with a maximum and total supply of 10 billion. The token's supply allocation shares are as follows:

The ZRC token is available on Bybit's Spot market as a swap pair with USDT (

 to grab a share of the 5 million ZRC prize pool. New users who sign up for a Bybit account and complete identity verification can earn ZRC rewards by accumulating a deposit volume of at least 2,000 ZRC, or by depositing 100 USDT and trading 100 USDT worth of ZRC via their first trade with Bybit. 

Meanwhile, existing users can qualify for ZRC rewards by trading at least 500 USDT worth of ZRC on the Bybit Spot market, with the possibility of earning up to 10,000 ZRC based on trading volume. The 

 event will run through Dec 10, 2024, 8:59AM UTC.

Zircuit is among the pioneering Layer 2 platforms to adopt a hybrid design for a rollup network. Thanks to the platform's architecture, users can take advantage of low transaction costs, fast transfers and great scalability while enjoying the benefits of high security delivered by ZK proofs and AI-driven mempool monitoring. AI-based monitoring for fraudulent transactions is a particularly notable feature of the platform and is undoubtedly among the most advanced technologies employed in the blockchain industry.

User security combined with faster and cheaper transactions for the Ethereum network — all in one package — is now feasible, thanks to Zircuit's innovative technology and unique approach!

Advanced

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What Is Zircuit (ZRC): Where Performance Meets Cutting-Edge Security

Bybit is celebrating its sixth anniversary with the #Super6Bybit event, offering a $1.2 million prize pool and focusing on its bbSOL token.

Daily Top Performer — Virtuals Protocol (VIRTUAL)

On Wednesday, the S&P 500 fell 0.38% as tech stocks dropped and inflation data reinforced a hawkish Fed outlook. Coindesk Indices, an index measuring broader cryptocurrency market performance was down by 0.40%, with Bitcoin and Ether dropping by 1.86% and 1.79%, respectively in the past 24 hours.

Today's top performer is VIRTUAL, which surged 53.6% following the launch of the $MUSIC token by Agentstarter, featuring AI-driven music video capabilities and community-focused tokenomics.

Virtuals Protocol (VIRTUAL), founded in 2021, allows users to invest in and co-own AI-driven virtual assets like companions and influencers. Its model fosters community ownership, transforming AI agents into revenue-generating assets across platforms like Roblox and TikTok. The platform attracts contributors from AI and gaming to drive innovation in virtual economies. 

, using AI to create music videos and offering features like animated videos, voice mimicry, and karaoke tracks. The tokenomics allocate 60% for airdrops, 20% for liquidity, and 10% each for the development team and Virtuals Protocol.

Check Out the Latest Prices, Charts, and Data of 

Bybit is celebrating its sixth anniversary with the 

, offering a $1.2 million prize pool and focusing on its bbSOL token. Launched in September 2024, bbSOL is the first exchange-backed Liquid Staking Token on Solana, providing liquidity and staking rewards. The campaign, running from November 28, 2024, to January 6, 2025, invites participants to build, transform, and supercharge their bbSOL through tasks, leaderboards, and community milestones, increasing rewards. The event combines gaming mechanics, community engagement, and opportunities to win prizes while promoting innovation and growth in the crypto space.

Yesterday, there were no flows in BTC Spot ETFs, including GBTC and non-GBTC categories.

. Stake BNB on Lista's portal to get slisBNB, then deposit it into Astherus to earn airdrop points with multipliers (3X for Lista, 1.15X for Astherus). No lockup is required, and slisBNB is the most efficient option.

Beginner

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Bybit Celebrates 6th Anniversary with $1.2M Prize Pool and bbSOL Supercharging Campaign

Our weekly crypto derivatives analytics report delves into macro events, the current state of crypto and trading signals from spot trading volume, and futures, options and perpetual contracts.

ETH has outperformed, bolstered by SEC Chair Gary Gensler's announcement of his Jan 20, 2025 departure, and suggested by growing open interest in ETH perpetual. This positive momentum extends to several large-cap altcoins previously scrutinized by the SEC, as indicated by bullish funding rates for long positions.

Please check out the report’s highlights.

ETH Open Interest Grows While BTC’s Declines

ETH is outperforming BTC following the announcement of SEC Chair Gary Gensler’s departure, as evidenced in perpetual swap markets. BTC open interest has decreased from last week's highs, while ETH contracts have increased. Additionally, ETH trade volumes constitute a larger share of daily trading as compared to much of the past six months, despite an overall dip in trade volumes this week. The gradual decline in BTC open interest, without a surge in trading activity, indicates a strategic repositioning, rather than a wave of liquidations.

BTC Option Curve Inversion Deepens as Price Retreats

The pullback in the spot BTC price from the $100K target has led to a flat ATM volatility term structure, with short-tenor options dropping below 60%. 

This trend continues the correlation between term structure inversion and BTC spot price returns observed since the U.S. election on November 5, 2024

. The decline in front-end volatility aligns with lower realized volatility levels. While demand for short-tenor options has moderated, there hasn't been a notable change in open interest for calls or puts. Instead, their growth has stalled at the week's start.

Sentiment in ETH options markets seems moderately more bullish than in BTC's during the recent decline in momentum from the post-election rally. Call options lead in both trading volumes and open interest. 

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Bybit X Block Scholes Crypto Derivatives Analytics Report (Nov 27, 2024): Signal on ETH Outperformance Against BTC Surfaces on Long-Term Contracts

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DeFi

Altcoins

Explainers

Tranchess is a DeFi protocol that focuses on tranche-based crypto investment based on the different risk/reward profiles of traders.

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 (DeFi) sector knows no shortage of protocols and solutions for yield generation and enhancement. Many asset optimization platforms, 

 solutions and a variety of other protocol types all promise to deliver the best yields possible in the industry. However, most of these protocols don't provide enough flexibility for traders to pick and choose preferred risk profiles. Although traders can invest in different crypto assets, each with their own risk level, the ability to select different risk profiles based on the same underlying investment asset isn't the most commonly encountered option in DeFi.

Tranchess is a protocol that offers exactly this opportunity. By utilizing the concept of tranches, structured products with differing risk profiles but based on the same underlying asset, the chess-themed Tranchess aims to provide DeFi traders with yield opportunities based on their preferred risk tolerances and investment styles. 

The protocol started in 2021 as an asset tracker for yield optimization and developed over time into a platform offering a range of DeFi services — tranche-based crypto fund investment, liquid staking and liquid token swaps. Tranche-based crypto investment in funds based on high-cap assets like BNB and ETH is the protocol's core service.

 is a decentralized protocol on BNB Chain that offers users crypto fund investment opportunities with varying risk profiles as well as liquid staking services.

 The protocol's core service is tranche-based crypto fund investment. Tranche investment offers traders opportunities to choose different risk levels based on tranches, or portions, of investment in the same underlying asset. It's been a popular way to structure products for various investor segments based on the same overall fund in traditional finance (TradFi). Tranchess is one of the first protocols to bring this concept to the world of DeFi.

Founded by Danny Chong and his associates in 2020, Tranchess started its operations in June 2021 as an asset-tracking solution that offered yield opportunities in a fund based on 

 (BTC). In November of the same year, the protocol added support for an 

 (ETH) fund as well. In January 2022, Tranchess introduced its third major fund, based on the BNB coin, and also became a validator for the 

The original version of the protocol was based on an 

 system. Traders who executed their preferred strategies were supported in the background by a swap solution based on order matching. In August 2022, Tranchess introduced V2, a major revamp of the platform that largely replaced the order matching system with 

In February 2024, the project team upgraded the platform to V3, introducing a range of Ethereum liquid staking products for enhanced yield opportunities.

The protocol uses three chess-themed crypto tokens — QUEEN, BISHOP and ROOK — to allow investors to select their preferred strategy and investment approach.

 and is issued on the platform when you deposit ETH, BNB or BTCB (a BTC-pegged 

 issued and used on the BNB Chain) as collateral. This token tracks its specific underlying asset, and is designed for investors who prefer a more stable, long-term investment approach.

QUEEN also possesses a pretty curious feature: it can be split into two tokens, BISHOP and ROOK, that open opportunities for additional investment strategies. BISHOP allows investors to earn additional yields on their stablecoin investments. Yields on BISHOP are typically somewhat higher than QUEEN yields, reflecting a slightly riskier profile for this token. However, BISHOP is still an asset for relatively less risky strategies, at least when compared to ROOK.

The ROOK token opens up opportunities for particularly high yields in a high-risk investment environment. ROOK is used to open 

 positions that are protected from forced liquidation. The three tokens — QUEEN, BISHOP and ROOK — essentially act as tokenized fund-tracking investments, each with its own risk-and-reward profile.

The sustainability and stability of the Tranchess platform are directly tied to a fine balancing act between BISHOP's stable returns and ROOK's volatility. For instance, during adverse market events, the value of ROOK might drop so low (due to its leveraged nature) that it might affect the viability of stable returns from BISHOP. In order to protect the platform against such scenarios, Tranchess uses a 

 feature that resets the net asset values (NAVs) of the protocol's three tokens back to 1 to trigger a reduction in ROOK's leverage. Rebalancing might also be applied when the market moves sharply in the opposite direction.

The QUEEN token is the gateway to investing via the protocol. You’ll first need to provide collateral and be issued QUEEN in order to further split your strategies into the lower-risk BISHOP and the higher-risk ROOK variations. This division must be even, i.e., each QUEEN can only be split into 0.5 BISHOP and 0.5 ROOK, and not in any other proportion.

Having said that, you don't have to split QUEEN any further, and you can enjoy the basic yield opportunities provided by this token based on the three main underlying assets — BTCB, ETH and BNB.

If you decide to exit your positions represented by BISHOP and ROOK, you can merge them back into QUEEN using the 

BISHOP and ROOK are the main assets that demonstrate the power of tranche investment via the Tranchess protocol. While the underlying investment may remain the same, ROOK's leveraged nature substantially changes the overall risk profile compared to BISHOP-based investments. As such, Tranchess uses leveraged crypto asset trading to vary the risk levels that are based on a specific token.

Besides tranche-based investment, the Tranchess protocol offers 

 opportunities for the Ethereum and BNB Chain networks. These allow traders to reuse their invested funds via liquid staking tokens (LSTs) throughout the DeFi ecosystem.

When you stake ETH via Tranchess, you are issued the QUEEN ETH (qETH) token, which can be further reinvested for additional yield. While your ETH remains staked, qETH continues to accrue rewards.

On BNB Chain, the liquid staking opportunities offered by the protocol are even more varied. As noted earlier, Tranchess acts as a validator for BNB Chain, which allows the platform to provide flexible options for liquid staking on the blockchain. You can use any of the three primary underlying assets the protocol uses — BNB, BTCB or ETH — to earn yield from liquid staking. When you stake these assets, you’re issued an LST in the form of nQUEEN (for BNB), bQUEEN (for BTCB) or eQUEEN (for ETH), each with somewhat varying 

 rates. The rewards accumulate in CHESS tokens, the platform's primary 

Tranchess operates a convenient primary market redemption and issuance platform that can be used to easily create QUEEN tokens from customized tokenized assets or representations of underlying assets. The Tranchess primary market currently supports five such assets: SolvBTC and SlisBNB for the BNB Chain, staked ETH on Ethereum, and weETH and STONE on Scroll.

Tranchess also offers convenient secondary market trading for staked tokens through its Swap market, which allows you to easily move assets between the original staked tokens and their Turbo or Stable versions. Tranchess Swap features three AMM pools on Ethereum and four AMM pools on BNB Chain that support not only instant swaps for BISHOP and ROOK, but also immediate creation and redemption for all QUEENs and their corresponding underlying assets.

We noted earlier how the primary market currently supports five customized underlying QUEEN assets — SolvBTC, SlisBNB, staked ETH, weETH and STONE. Investments in these assets can further be enhanced by splitting them into Turbo and Stable strategies. The former provide higher risk/reward leveraged opportunities, while the latter are designed for more stable yields to protect your gains. To apply these strategies, you’ll need to swap your original underlying QUEEN assets into their respective Turbo or Stable tokens, e.g., turPSBTC for a Turbo strategy, based on the original SolvBTC fund.

What Is the Tranchess Crypto Token (CHESS)?

CHESS is the protocol's governance token. While QUEEN, BISHOP and ROOK are designed to tokenize and represent crypto investments, CHESS is primarily used to facilitate on-platform governance. The token is based on BNB Chain's primary 

Users who lock CHESS tokens on the platform are issued veCHESS, a token designed for actual operational use on the protocol. All primary functions of CHESS involve the use of veCHESS, while the actual CHESS tokens remain locked and are, therefore, utilized indirectly. These primary functions include:

Launched in mid-2021, CHESS is a supply-capped token, with a maximum and total supply of 300 million. The token's original distribution shares are shown in the chart below.

The CHESS token is available on Bybit's Derivatives market as a Perpetual contract with USDT (

. You can trade CHESS under the contract with up to 12.5x leverage. Bybit's Derivatives market allows you to trade hundreds of crypto assets with low fees at up to 100x leverage, depending upon the chosen asset. There are markets for perpetuals, standard futures and options, with contracts based on popular stablecoins — USDT and USDC — as well as a range of other popular high-cap cryptocurrencies.

Tranchess (CHESS) Crypto Price Prediction

As of Sep 9, 2024, the CHESS token is trading at $0.152, which is 98.1% lower than its ATH of $7.91 on Oct 22, 2021, and 69.8% higher than its ATL of $0.0896 on Aug 5, 2024.

Long-term price forecasts for CHESS are generally bullish. PricePrediction 

 to trade at maximum prices of $0.2875 in 2025 and $1.95 in 2030, while DigitalCoinPrice 

You might consider investing in the CHESS token based on the following factors:

As a pioneer of crypto tranche fund investment, Tranchess aims to establish itself as the web3 leader in this highly specialized niche. Given how underexplored this area is, this could be a smart move indeed. However, this novel specialty area also presents particular challenges for the protocol. For instance, less experienced traders may not be familiar with this investing format, and their lack of familiarity could act as a significant barrier to the protocol's adoption. 

This is where the Tranchess team needs to work hard to educate the wider DeFi community on the merits and process of tranche-based investment. When crypto traders begin to appreciate the advantages of tranche investment, Tranchess will get its chance to emerge from the shadows of the DeFi sector and become a major industry player.

Tranchess (CHESS): One-Stop DeFi Solution for Every Risk Profile

Grab Up to 5,000 USDT in Rewards

Grab Up to 5,000 USDT in Rewards