Bifrost (BNC) Debuts on Bybit Futures: What Traders Need to Know

Bifrost (BNC), the native token of the Bifrost liquid staking protocol on Polkadot, has been listed on Bybit Futures, giving traders a new venue to speculate on this layer-1 asset. With a circulating supply of approximately 37.48 million BNC and a 24-hour trading volume of $359,324, the token enters the futures market amid notable price swings.

Recent Price Action & Context

BNC has experienced significant volatility in recent days. According to alert data from Binance Futures, the token saw a sharp +17.16% spike over 24 hours on July 10, 2026, followed by a series of declines. Within the same day, BNC dropped -10.73% over 24 hours and -11.13% over 12 hours, indicating rapid shifts in sentiment. More recently, a +6.02% uptick over 6 hours on July 15 suggests a potential recovery attempt. At the time of the Bybit listing, BNC was trading around $2.90, down approximately -1.97% over the last 24 hours.

Note: Brave search snippets show BNC underperforming the broader crypto market over the past week, with a -2.70% decline versus a +5.90% global market gain.

Token Snapshot

• Symbol: BNC
• Name: Bifrost
• Platform: Polkadot (DOT)
• Contract Address: 13YMK2eeopZtUNpeHnJ1Ws2HqMQG6Ts9PGCZYGyFbSYoZfcm
• Circulating Supply: 37,484,376.62 BNC
• Total Supply: 80,000,000 BNC (fixed, not infinite)
• Tags: Derivatives, Substrate, Polkadot Ecosystem, Liquid Staking Derivatives, Yield Farming, Lending & Borrowing, Layer 1, DWF Labs Portfolio
• Launched: October 21, 2021

Bifrost is a liquid staking protocol that allows users to stake Polkadot (DOT) and other Substrate-based assets while maintaining liquidity. The project is backed by DWF Labs and has an active community on Discord and Telegram.

Risk Considerations

Trading newly listed futures pairs carries inherent risks. BNC has demonstrated high volatility, with double-digit percentage swings within hours. The token's 24-hour trading volume of $359,324 is relatively modest, which can amplify price moves. Additionally, the project operates on the Polkadot ecosystem, which may face network-specific risks. Always conduct your own research and manage position sizes accordingly.

Where to Trade

BNCUSDT perpetual futures are now live on Bybit. For automated trading strategies, consider using our bot: Trade with our bot.