In the field of Crypto Assets, profit is often seen as an unattainable goal. Most projects rely on financing or token issuance to maintain operations, and very few projects can truly create profits through their core business. However, BounceBit has broken this norm by achieving positive cash flow in the fourth quarter of 2024, generating over $3 million in revenue per month through protocol fees. Even more remarkable, in 2025, the project launched a token buyback plan with over $10 million in actual earnings. This revenue-based business model sets a new standard for the entire Crypto Assets industry.

BounceBit's revenue structure is clear and consists of three main parts: first, there are protocol fees, where users are required to pay fees ranging from 0.1% to 1% when performing operations such as staking, lending, and investing in real-world assets (RWA), and this portion directly enters the protocol reserve; second, there is a share of centralized finance (CeFi) arbitrage profits, where the platform conducts arbitrage and funding rate arbitrage operations between different exchanges through a professional team, and the profits are distributed to users proportionally, with the platform retaining 10% to 20% as a management fee; third, there is a service fee for RWA business, which is a fixed fee charged for providing asset tokenization, custody, and trading services to institutional clients. All three major sources of revenue stem from actual business operations, with no false or speculative income.

The success of BounceBit lies not only in its diversified revenue sources but also in its strict cost management strategy. Unlike many projects that operate in a high-profile manner, BounceBit chooses to concentrate resources on technological development and institutional collaboration. The company maintains a streamlined and efficient team structure, keeping the number of employees below 50, with core members mostly being industry veterans. This pragmatic business philosophy not only ensures the financial health of the company but also lays a solid foundation for its long-term development.

BounceBit's success story provides an important insight for the crypto industry: in this rapidly changing market, true value creation and sustainable business models are the keys to a project's long-term success. By focusing on providing substantial services, strictly controlling costs, and establishing diversified revenue sources, BounceBit has not only achieved profitability but has also redefined the success standards for crypto projects. This operational model, based on real business and genuine income, is worth reflecting on and learning from for the entire industry.