CHESS (Tranchess) rose 9.61% in the last 24 hours.

Gate News Bot news, on September 25, according to CoinMarketCap data, CHESS (Tranchess) is currently priced at 0.07 USD, with a rise of 9.61% in the last 24 hours, reaching a high of 0.07 USD and a low of 0.06 USD. The current market capitalization is approximately 14.3 million USD, an increase of 1.25 million USD compared to yesterday.

Tranchess is a decentralized finance protocol that offers services such as liquidity staking, leveraged trading, and stable returns. The protocol allows users to earn sustainable returns by staking ETH, BNB, or BTC while maintaining the liquidity of their assets. Tranchess also provides tiered yield products, including BISHOP (pegged to the US dollar) and ROOK (leveraged long) tokens. CHESS is the governance token of Tranchess, allowing holders to participate in protocol decision-making and earn profit sharing.

Important news about CHESS recently:

1️⃣ The International Chess Federation FIDE collaborates with Avalanche to promote the development of Web3.0 The International Chess Federation FIDE has announced a partnership with the Avalanche blockchain to bring chess into the Web3.0 world. This initiative could attract more attention and potential users to chess-related crypto projects such as CHESS.

2️⃣ Animoca Brands launches blockchain-based chess game AniChess The renowned blockchain gaming company Animoca Brands has launched a blockchain chess game called AniChess and invited chess world champion Magnus Carlsen to participate. This move further highlights the application prospects of blockchain technology in the traditional gaming sector, which may indirectly increase market interest in related projects such as CHESS.

3️⃣ Bit Chess project presale launched, triggering a decentralized chess craze The emerging decentralized chess project Bit Chess has announced the launch of its presale. The project aims to combine blockchain technology with the game of chess, providing traditional chess enthusiasts with a new gaming experience. This trend could drive the development of the entire crypto chess ecosystem, indirectly creating a favorable environment for the CHESS project.

The rise in CHESS prices may be closely related to these industry dynamics. As the application of blockchain technology in the chess field continues to deepen, investors' interest in related projects may continue to grow. However, the cryptocurrency market still has high volatility, and investors need to carefully assess the risks.

This message is not intended as investment advice; investors should be aware of market volatility risks.