Bithumb, one of South Korea’s leading cryptocurrency exchanges, has listed the DeBridge (DBR) token. This announcement, made on December 20, resulted in a remarkable 30% increase in the token’s price. Following the listing, DeBridge reached an all-time high.
DBR Token Trades Against KRW
The listing allows the Solana 
$193-based DBR token to be traded in Korean Won (KRW). Trading commenced on December 20 at 6:00 PM, with deposit and withdrawal services also becoming available simultaneously. However, transactions are currently supported only on the Solana network, with strict trading restrictions implemented initially to maintain market stability.
DeBridge draws attention with its cross-chain bridge technology. The platform facilitates real-time asset and information transfers across different blockchains. Users benefit from low spreads, high liquidity, and guaranteed interest rates, while the DBR token plays a crucial role in staking and governance processes within the network.
DBR Price Peaks and Market Stabilizes
After the listing, the price of DBR surged quickly, reaching $0.04702, before stabilizing around $0.04191. The price fluctuated between $0.03119 and $0.04702 within a 24-hour period, with a market capitalization of $49 million and trading volume hitting $46 million.
Experts attribute the price increase to more than just Bithumb’s listing. Growing interest in DeFi projects and the platform’s innovative technology are also significant factors. Despite this, caution is advised regarding the short-term pump-and-dump movements often seen in KRW-pegged tokens. Nevertheless, DeBridge may gain more value in the long run due to its contributions to cross-chain solutions and the DeFi ecosystem.
This development indicates a rising demand for cross-chain technologies in the DeFi space. Experts note that such listings not only boost token prices but also strengthen investor confidence. Bithumb’s listing of the DBR token further solidifies DeBridge’s position in the industry.
