Lorenzo Protocol's BANK Token Records a 150% Price Surge Within Six Hours of Its Debut

Lorenzo Protocol's native token, BANK, recorded a remarkable 150% price surge within just six hours of its debut.

Lorenzo Protocol’s native token, BANK, has soared an impressive 150% in just six hours following its listing on multiple platforms. The token is now available for trading on PancakeSwap, Bitget, CoinEx, and Binance Futures, where it’s also offered as a perpetual contract with up to 50x leverage.

The protocol’s initial offering via Binance Wallet, in collaboration with PancakeSwap, saw 42 million tokens—2% of the total supply—sold at $0.0048 per token, raising $200,000 for the protocol.

At press time, BANK is trading at $0.037, having reached a high of $0.039. Approximately 425 million tokens are in circulation, from a maximum supply of 2.1 billion.

Earlier this week, Binance announced the integration of BNB Chain tokens on its Futures platform, aiming to provide traders with more options and leverage.

Lorenzo Protocol is a DeFi infrastructure focused on enabling liquidity and yield opportunities for Bitcoin holders, while preserving self-custody. The protocol offers tools such as Liquid Principal Tokens (LPTs) and Yield-Accruing Tokens (YATs) to facilitate BTC-based yield generation.

Built on a Cosmos-based Ethermint appchain, Lorenzo Protocol supports BTC restaking and is fully interoperable with Bitcoin Layer 1. This architecture enables the on-chain issuance and settlement of Bitcoin-backed assets, aiming to increase utility for BTC holders beyond simply storing value.

The BANK token functions as both the governance and utility token of the Lorenzo Protocol. Holders can stake BANK to obtain veBANK, a vote-escrow token that grants governance power and a share of future emissions. This mechanism encourages long-term participation in protocol development and governance decisions.

Recently, Binance has been actively engaging its community in listing proposals, aiming to expand the availability of smaller cap projects. If BANK gains a spot listing on Binance, it could attract even broader attention and participation.

Moreover, interoperability with Bitcoin Layer 1 and the innovative restaking model give Lorenzo Protocol a unique edge in the BTC DeFi space. As more investors seek utility and yield strategies for Bitcoin, platforms offering decentralized solutions will likely continue to be in demand.

The appchain model on which Lorenzo Protocol is built provides excellent scalability and flexibility, allowing it to adapt quickly to market changes and user demands. These qualities make it a promising player in the rapidly evolving DeFi sector.