BREV (Brevis) increased by 29.11% in the past 24 hours

Gate News Bot Message, January 8th, according to CoinMarketCap data, as of press time, BREV (Brevis) is currently priced at $0.46, up 29.11% in the past 24 hours, with a high of $0.57 and a low of $0.32. The 24-hour trading volume reached $882 million. The current market capitalization is approximately $115 million, an increase of $26 million from yesterday.

Brevis is an infinite computing layer platform that offers zero-knowledge proof solutions, enabling applications to perform complex off-chain computations and complete verification within milliseconds through verifiable proofs. Brevis empowers multiple fields such as DeFi, cross-chain interoperability, blockchain bootstrapping, and AI verification through two core products—Pico zkVM and ZK Data Co-Processor. The platform has received support from top investment institutions like Polychain Capital and YZi Labs, and collaborates with numerous ecosystem projects including PancakeSwap, Uniswap, MetaMask, and Linea.

Important recent news about BREV:

1️⃣ ProverNet Mainnet Launch Drives Token Economy Model Activation The ProverNet mainnet has officially gone live, marking the transition of the Brevis network from testing to operational phase. The BREV payment and staking functions are activated simultaneously. Provers can lock BREV to qualify for task acceptance, while ordinary token holders can stake tokens with provers to participate in fee sharing. All proof tasks, validation, and settlement have been fully migrated to BREV settlement, replacing the previous USDC model, thereby strengthening the token’s practical utility. This shift signifies a move from a purely transactional asset to a productive asset, supporting long-term token value recognition.

2️⃣ Exchange Launch and Derivatives Market Expansion Drive Trading Depth On January 6th, BREV was first launched on Gate for spot trading, with the support of instant swap features and one-click exchange for over 2200 crypto assets. Following this, on January 7th, Gate completed the migration of BREVUSDT perpetual contracts from pre-market to official contracts, and launched the contract on Gate Perp DEX, supporting 1-50x leverage trading. The rapid deployment of the exchange ecosystem facilitates large-scale user participation. The successive launch of spot, instant swap, and perpetual contract trading tools significantly enhances market liquidity and engagement, which is the core driver behind the recent price surge. The 24-hour trading volume jumped from $252 million two days ago to $882 million, an increase of over 250%, reflecting a substantial rise in market activity.

3️⃣ Token Airdrop Release and Supply Pressure Phase Relief The BREV token airdrop began on January 6th, with a 30-day distribution window during which a large amount of airdropped tokens will enter circulation. Although airdrops typically exert supply pressure on newly launched assets, the market has absorbed initial expectations, as evidenced by the rebound from the previous day’s decline. The explosive growth in trading volume indicates strong willingness from new users to participate, and the market’s capacity to digest supply pressure has improved. The transition of the token from a purely transactional asset to a functional one, along with the improvement of trading infrastructure, is gradually offsetting the short-term supply pressure caused by the airdrop.

This message is not investment advice; please be aware of market volatility risks.