Bitget Integrates BGB with Morph Chain and Launches New Liquidity Pools
Bitget has integrated its native token, BGB, onto the Morph Chain, facilitating cross-chain transfers and increasing accessibility. Key developments include:
- Launch of a liquidity pool for BGB on Bulbaswap, with over $1.1 million locked shortly after.
- The Great Token Migration event rewards users with Morph Points for transferring or holding BGB.
- Bitget's CEO emphasizes commitment to BGB’s long-term growth through utility expansion.
- A roadmap includes a buyback and burn program that has already reduced the total supply by 800 million BGB.
- Plans for BGB to be a key asset in staking and DeFi applications, and integration into real-world payment systems via Bitget Card.
- BGB's value increased tenfold in 2024, ranking it 22nd on CoinMarketCap with a market cap exceeding $7 billion.
Morph, a Layer 2 solution on Ethereum, enhances transaction speed and reduces costs while supporting decentralized applications. It has backing from top investors, including Pantera Capital and DragonFly Capital.