TechFlow reports that on August 21, $BULL, the ecosystem token of Burve Protocol's DeFi protocol launched via a fair launch using the Bonding Curve mechanism, surpassed a market capitalization of $20 million and continues to steadily rise. According to data from Burve Protocol, $BULL's current market cap has reached $21 million with over 30,000 unique holders.
Notably, $BULL is driven by community consensus and was launched through a fair launch model, with all decisions governed by community DAO proposals. Since its initial fair launch price of 0.03 USDT, $BULL has consistently appreciated, currently trading at 0.166 USDT—an increase of more than 5x.
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