Bitget Token

Bitget Token (BGB) is the native token of the Morph blockchain, a layer-2 network, and originally served as the platform token for the Bitget centralized exchange and Bitget Wallet. It is designed to function as the gas token that pays for computation on the Morph chain, a governance token that gives holders a voice in protocol decisions, and a medium for fee discounts and participation in token-launch programs. Following a strategic partnership announced in September 2025, the Morph Foundation assumed responsibility for the token's ongoing development.

BGB lives on the Ethereum ecosystem as a token associated with the Morph layer-2 chain, where it is used to pay transaction fees and to participate in on-chain governance. The stored data does not specify a consensus algorithm for BGB itself, and the block time recorded is zero, reflecting that BGB is a token rather than the base layer securing its own chain. Approximately 76.84 percent of the 2,000,000,000 maximum supply is already circulating, leaving a dilution overhang of roughly 30.13 percent of the current circulating supply still to be released.

Over the trailing 30 days the protocol generated 4,686.70 USD in total fees, of which 1,008.69 USD flowed to the supply side and 3,678.01 USD was retained as protocol revenue, implying a take rate of 78.48 percent for that period. In the most recent 24-hour window, fees were 57.14 USD and revenue was 57.14 USD, and fee volume over the trailing 30 days grew 26.14 percent while protocol revenue grew 8.96 percent over the same window. Annualizing from the trailing 30 days, fees reach 57,021.52 USD and revenue reaches 44,749.12 USD, both very small relative to the current market capitalization of approximately 1.36 billion USD, as reflected in a market-cap-to-revenue ratio of 30,764 and a fee yield of roughly 0.41 percent. Total value locked on the Morph chain stood at 73,450,278.66 USD at the point of measurement, though it declined 11.59 percent over the trailing 30 days and 10.18 percent over the trailing 7 days.