BounceBit, the native Bitcoin restaking blockchain, is one of the cryptocurrency projects witnessing a strong Christmas rally as its token surges over 16%.
On December 24, the price of BounceBit (BB) rose above $0.43, following the token’s decline last week that saw bears push it below $0.32.
BB hit a new seven-day high as the price of Bitcoin (BTC) rebounded above $97,000 amid a renewed holiday rally.
These gains came a day after the BTC restating platform announced a major partnership agreement with cloud computing giant Google Cloud.
In their announcement, BounceBit and cloud computing provider Google said they are working together to revolutionize the real-world asset market.
Specifically, the collaboration is aimed at RWA digitalization in Southeast Asia. Binance Labs and Blockchain Capital-backed BounceBit will leverage Google Cloud’s architecture to strengthen its presence in the CeDeFi ecosystem.
Key to this will be Google Cloud’s Vertex AI technology, which will improve the performance and security of the restaking platform.
In a comment, BounceBit co-founder Jack Lu said:
“Verifying transactions on our platform is very important and incidents must be resolved immediately. With Compute Engine, we have seen a 50% improvement in response time not only for our chain but also for the CeDeFi infrastructure.”
The price of the BB token has increased by 33% in the last month. However, it is still more than 50% below its all-time high of over $0.86, reached in June 2024.
