Bitget Moves 440M BGB to Morph, Burns 50%, Fuels L2 Growth

Published: 2025-09-05 01:57:54 |

Bitget has transferred 440 million of its native Bitget Token BGB to the decentralized Morph Foundation, cementing BGB as the gas and governance token for the Morph Ethereum Layer 2 network. Half of the tokens (220 million BGB) were burned immediately, while the remaining 220 million will vest at 2% per month to fund ecosystem incentives, including liquidity mining, grants and developer programs. Morph will adjust the burn mechanism based on network activity until the total BGB supply reaches 100 million. Under the new arrangement, the Morph Foundation operates independently, focusing on on-chain payments, stablecoin integrations, wallets and DeFi services. Bitget and Bitget Wallet’s combined 120 million users gain native access to Morph protocols, with support for stablecoins, regional currencies and global payment providers. Developers can join hackathons, builder grants and the Morph Rails incubation funded by the vested treasury. Morph employs a decentralized sequencer and optimistic zkEVM to deliver fast, low-cost Ethereum-compatible transactions. The strategic shift positions Bitget Token BGB at the core of network fees, governance and PayFi settlements. Traders can expect increased utility and demand for Bitget Token BGB as it transitions to its new on-chain home.

Bullish

The transfer and immediate burn of 220 million BGB tokens reduces circulating supply and drives scarcity, which typically supports price appreciation in the short term. The 2% monthly vesting schedule aligns long-term incentives with ecosystem growth, funding liquidity, grants and developer programs. Independent governance by Morph Foundation enhances decentralization and trust, while integration with 120 million Bitget Wallet users and the use of a decentralized sequencer and optimistic zkEVM promise increased transaction volume. Together, these factors are likely to boost demand for BGB and provide sustained support for its market value, making the overall market impact bullish for crypto traders.