Bitcoin's annualized front-month basis has fallen from roughly 25% in early 2024 to 4.46% by the end of 2025, while funding has remained close to neutral through much of 2026.
That makes today's market a tougher environment for basis strategies.
Even so, BounceBit generated $457K in protocol fees over the past 30 days on approximately $230M in TVL.
The takeaway isn't that spreads stayed high—they didn't.
It's that sustainable infrastructure is designed to operate across changing market conditions.
Basis compressed. Revenue continued.
#BounceBit $BB #CeDeFi #BasisTrading #OnchainYield #RWA
That makes today's market a tougher environment for basis strategies.
Even so, BounceBit generated $457K in protocol fees over the past 30 days on approximately $230M in TVL.
The takeaway isn't that spreads stayed high—they didn't.
It's that sustainable infrastructure is designed to operate across changing market conditions.
Basis compressed. Revenue continued.
#BounceBit $BB #CeDeFi #BasisTrading #OnchainYield #RWA