Bithumb, one of South Korea’s leading crypto exchanges, has listed the DeBridge (DBR) token. This announcement, which took place on December 20, caused a 30% increase in the token price. DeBridge hit an all-time high post-listing.
DBR Token is Traded at KRW Parity
DeBridge’s listing enabled the Solana network-based DBR token to be traded in Korean Won (KRW). Trading began at 18:00 on December 20. At the same time, deposit and withdrawal transactions were also made available. However, only transactions via the Solana network are supported. In the first stage, strict trade restrictions were implemented to ensure market stability.
DeBridge draws attention with its cross-chain bridge technology. The platform enables real-time transfer of assets and information between different blockchains. Users benefit from low spreads, high liquidity and guaranteed interest rates. DBR token plays a critical role in staking and governance processes in the network.
DBR Price Reached the Peak, Market Stability was Achieved
Following the listing, DBR price rose rapidly and hit the $0.04702 level. It later stabilized around $0.04191. In the 24-hour period, the price fluctuated between $0.03119 and $0.04702. The market value reached 49 million dollars, and the transaction volume reached 46 million dollars.
Experts do not attribute DBR’s price increase solely to Bithumb listing. The increasing interest in DeFi projects and the innovative technology of the platform also stand out as an important factor. However, attention is drawn to the short-term pump-and-dump movements that are generally seen in tokens in the KRW parity. However, DeBridge may gain more value in the long term with its cross-chain solutions and contribution to the DeFi ecosystem.
This development shows that the demand for cross-chain technologies in the DeFi field is increasing. Experts state that such listings not only increase token prices but also reinforce investor confidence. Bithumb’s listing of the DBR token further strengthened DeBridge’s position in the industry.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
