BAS (BNB Attestation Service) rose 65.01% in 24 hours.

Gate News Bot news, on October 23, according to CoinMarketCap, as of the time of writing, BAS (BNB Attestation Service) is currently priced at $0.02, with a rise of 65.01% in the last 24 hours, peaking at $0.17 and falling to a low of $0.01. The current market capitalization is approximately $39.3 million, which is an increase of $15.5 million compared to yesterday.

BNB Attestation Service (BAS) is the foundational certification layer of the BNB Chain ecosystem, providing composable KYC, identity, and asset verification for RWA, DeFi, and AI agents. BAS offers two authentication modes: on-chain and off-chain verification. To date, there have been over 40 million authentications involving more than 2.5 million unique addresses. BAS aims to reconstruct trust mechanisms in a decentralized internet environment, breaking through traditional centralized endorsements and geographical limitations. It can be applied in various fields such as trusted data transactions, reputation system construction, and real-world support, providing an important foundation for empowering decentralized applications and users.

Important news about BAS recently:

1️⃣ Team adjusts airdrop strategy and launches buyback plan The BAS team apologizes for the approximately 70% drop in coin price following the recent 1% airdrop and announces a redesign of a more balanced airdrop strategy. At the same time, the team plans to gradually initiate a buyback action to stabilize the market and demonstrate confidence in long-term development. This series of measures aims to reduce selling pressure, protect user interests, and is expected to provide support for the BAS price.

2️⃣ The BAS ecosystem scale continues to expand BAS, as a core component of the BNB Chain ecosystem, has completed over 40 million certifications, involving 2.5 million independent addresses, and has established partnerships with over 100 partners. This vast user base and cooperation network lay a solid foundation for the long-term development of BAS, driving the continuous rise of its value and application scenarios.

3️⃣ Diverse application scenarios drive demand rise The application scope of BAS is continuously expanding, covering multiple areas such as KYC, identity verification, asset proof, and particularly increasing applications in emerging fields like RWA, DeFi, and AI agents. This diverse range of application scenarios has attracted more users and developers to join the BAS ecosystem, promoting its value and demand rise.

From a technical perspective, the BAS price has experienced significant fluctuations recently, first undergoing a sharp decline, followed by a rapid rebound. This price volatility reflects the market's positive reaction to the BAS team's strategic adjustments, but it also indicates that there is still a degree of uncertainty in the short term. Investors should closely monitor the implementation of specific measures by the BAS team in the future, as well as their progress in the BNB Chain ecosystem, as these factors will influence its long-term value performance.

This message does not constitute investment advice; investors should be aware of market volatility risks.