Bitget Token

Bitget Token (BGB) is the native token of the Morph blockchain, a Layer 2 network, and it originated as the platform token of the Bitget centralized exchange. It is intended to serve users who want to pay transaction fees on the Morph chain, participate in governance decisions, or access exchange-related benefits such as fee discounts and participation in token launch pools. The September 2025 partnership between Bitget and the Morph Foundation transferred ongoing development responsibility to the Morph Foundation, a non-profit organization.

BGB functions as the gas token on the Morph Layer 2 blockchain, meaning users spend it to pay for computation and settlement on that network, and it also confers governance rights over the chain's direction. The token exists within the Ethereum ecosystem, as Morph is an Ethereum Layer 2, so transactions ultimately settle with reference to Ethereum's security. At the exchange level, BGB has historically been used as a medium for fee discounts and participation in Bitget's Launchpool product, though the data does not specify the precise fee-sharing or burn mechanics.

The data stored for BGB does not include a measured fee revenue stream, so fee-based valuation measures are not available on this site for this asset. What is recorded is a circulating supply of approximately 699,992,030 tokens against a maximum supply of 2,000,000,000, meaning about 76.84% of the issued portion is in circulation and roughly 30.13% of the total maximum supply remains outstanding and not yet in circulation, representing potential future dilution. The ratio of fully diluted value to current market capitalization stands at 1.30 on a point-in-time basis, reflecting that additional supply could enter the market beyond what is currently circulating.