Tranchess (CHESS) is not tradable on Coinbase.
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Tranchess Price (CHESS)
Market stats
Tranchess is on the rise this week. ↗
The price of Tranchess has decreased by 1.03% in the last hour and decreased by 1.00% in the past 24 hours. Tranchess’s price has also risen by 4.82% in the past week. The current price is $0.0499 per CHESS with a 24-hour trading volume of $1.55M. Currently, Tranchess is valued at 99.02% below its all time high of $5.12. This all-time high was the highest price paid for Tranchess since its launch.
The current circulating supply of Tranchess is 202,278,687 CHESS which means that Tranchess has as total market cap of $10,097,054.71.
Overall
Data is sourced from CoinMarketCap, CoinGecko and other third parties. We make no representation on the accuracy of the data provided. Learn more
Market cap
$10,097,054.71
Circulating
$202,278,687.00
Max Supply
$300,000,000.00
Price & Volume changes
Volume (24h)
$1,552,984.14
↘ 38.8%
Volume (30D)
$46,025,266.99
Volume (7D)
$10,505,651.71
Benchmarks
All time high
$5.12
↘ 99.37%
Performance (1Y)
↘ 75.31%
Vs. Market (1Y)
↘ 78.22%
Vs. BTC (1Y)
↘ 81.19%
Vs. ETH (1Y)
↘ 52%
Diluted valuation
$14,955,141.00
FDV
$14,974,965.77
About Tranchess
Tranchess is a tokenized asset management and derivatives trading protocol. Inspired by tranche funds that cater to investors with different risk appetite, Tranchess aims to provide a different risk/return matrix out of a single main fund that tracks a specific underlying asset (e.g.BTC). The main tranche can be split into two sub-tranches with their own distinct risk return profile. Tranchess Protocol is not a standalone asset management ecosystem, but encompasses all features one can find in the DeFi space. It is a one-stop centre for those that wants to enjoy popular DeFi features- such as single-asset yield farming, borrowing & lending, trading, etc..
Additional info about Tranchess
Networks and tags
defi
derivatives
staking
yield-farming
governance
mvb
liquid-staking-derivatives
FAQ
Tranchess is a distinctive cryptocurrency protocol that strives to create a varied risk/return matrix from a single main fund that tracks a specific underlying asset, such as Bitcoin (BTC). The protocol is composed of three tranche tokens: QUEEN, BISHOP, and ROOK, each designed to cater to different user needs. QUEEN aims to be a BTC-tracking token with yield farming features, BISHOP aims to provide stable compensation, and ROOK seeks to provide leveraged exposure to the main fund tracking BTC. Tranchess also has a governance token, CHESS, which plays a crucial role in the protocol's ecosystem.
Tranchess operates through smart contracts, making it transparent and automated across processes. The protocol enables users to track BTC, may receive additional compensation by lending out their tokens, or enjoy leverage with no forced liquidation. Users can also receive a portion of platform compensation as part of their staking. Tranchess uses a unique mechanism called the Premium-Discount Orderbook system for trading. This system enables users to trade the premiums or discounts of a forward-starting 30-minute Time Weighted Average Price (TWAP) rather than the live prices of tokens.
Tranchess aims to cater to a wide range of users with varying risk appetites. For those who prefer stable return yielding, Tranchess has the BISHOP token. For users interested in leveraged crypto asset trading, the ROOK token is an option. And for long-term crypto asset holders, the QUEEN token aims to be a BTC-tracking token with yield farming features. Additionally, the CHESS token enables users to participate in the governance of the Tranchess protocol, making decisions about the protocol's future.
Tranchess was conceived in 2020 by co-founder Danny Chong and his team, who have diverse experiences in tech firms and investment banks. The team's vision is to empower users of Decentralized Finance (DeFi) with Omni Asset Management capabilities and contribute to the paradigm shift from Traditional Finance to DeFi. The Tranchess protocol was designed to address some of the pain points in the current asset management sector of the DeFi market, such as the need for flexible and convenient primary market redemption, convenient secondary market trading with high liquidity, and stable enhanced returns.
We update our Tranchess to USD currency in real-time. Get the live price of Tranchess on Coinbase.
The current market cap of Tranchess is $10.10M. A high market cap implies that the asset is highly valued by the market.
The all-time high of Tranchess is $5.12. This all-time high is highest price paid for Tranchess since it was launched.
Over the last 24 hours, the trading volume of Tranchess is $1.55M.
Assets that have a similar market cap to Tranchess include OpenGPU, MixMarvel, Shiro Neko, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of Tranchess is 202 million.
Tranchess Price History
Date | Price | Change |
|---|---|---|
Today (April 15, 2025) | $0.0499 | -1.00% |
24 hours ago (April 14, 2025) | $0.0504 | -1.00% |
1 week ago (April 8, 2025) | $0.0474 | +4.82% |
1 month ago (March 15, 2025) | $0.0933 | -46.51% |
1 year ago | $0.20 | -75.31% |
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