Trading activity:
Reported 24-hour volume equals 0.03% of market capitalization. The local markets snapshot lists PancakeSwap (v2) among venues with observed trading activity.
YearBull indicators:
Bull Score 0/100.
YB Market Risk —. This relative market-volatility label is not an investment-safety assessment.
Observed price change: 24h 0.63% · 7d -7.26% · 30d -25.30%.
Values are descriptive and should be read together rather than as a price forecast.
Read the YearBull methodology.
Snapshot date: 2026-07-10.Data history: 19 daily observations available in the latest 90-day window.
Methodology responsibility:
YearBull’s analytical methodology and presentation rules are developed and maintained by
Alan Zelvin, Founder & Lead Crypto Researcher.
This note identifies responsibility for the methodology; it does not attribute authorship of this data snapshot.
What is Tranchess (CHESS)?
Source description
“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..”
This source-supplied description may contain old, promotional, or unverified claims and is not YearBull editorial analysis.
Official links and contract records appear in Key Facts. Project details can change, so verify current information with the project.
Tranchess (CHESS) FAQ
How does Tranchess use tranching to create different risk and return profiles?
Tranchess states that a main fund tracking an underlying asset, such as BTC, can be divided into two sub-tranches. Each sub-tranche is presented as having its own risk-and-return profile, allowing participants with different risk preferences to access structures built around the same underlying asset. The project does not specify the precise allocation rules or risk parameters for every tranche.
Which DeFi functions does Tranchess present within its protocol?
The project positions Tranchess as a broad DeFi hub rather than only a tokenized asset-management product. It highlights features including single-asset yield farming, borrowing and lending, and trading. These functions are presented as part of one protocol, although the project does not specify the full list of supported markets, assets, rates, or operating conditions.
What role do tokenized underlying assets play in the Tranchess model?
Tranchess describes its structure as using a main fund that tracks a specific underlying asset, with BTC given as an example. That fund serves as the base from which distinct sub-tranches may be formed. The project does not state that every supported fund tracks BTC, nor does it specify the complete range of underlying assets or the tracking methodology.
How does Tranchess combine asset management with derivatives trading?
The project presents Tranchess as a protocol covering both tokenized asset management and derivatives trading. Its stated aim is to offer several DeFi activities alongside tranche-based structures, rather than operate solely as a derivatives venue or a standalone fund manager. The project does not outline the exact derivative instruments, collateral rules, liquidation process, or trading mechanics.
What audience does Tranchess say its tranche structure is intended to serve?
Tranchess says its design caters to participants with different risk appetites. By splitting a main fund into sub-tranches with distinct risk-and-return characteristics, the project aims to offer differentiated ways to engage with an underlying asset. This positioning does not establish that any tranche is suitable for a particular participant, and the project does not define the relevant risk categories in detail.
Tranchess metric comparison
This comparison is a stored snapshot generated 2026-10-22 06:31 UTC from 114 daily observations available from 2025-12-30 through 2026-07-10. It is separate from the latest analytical cards above. Percentiles compare the snapshot value with that day's analytical universe; a higher percentile means a larger observed value, not necessarily a better investment characteristic.
Metric
Snapshot
30d before
90d before
Change vs 30d
Universe percentile
Price
$0.00014701
$0.00019681
$0.00025972
-25.3%
n/a
Market cap
$30.3K
$40.5K
$53.5K
-25.4%
P11.2
YearBull Rank
#5,970
#4,298
#5,965
Lower by 1,672
P7.7
Bull Score
62/100
72/100
14/100
-10.0 pts
P71.7
Turnover
0.03%
2.68%
41.36%
-2.6 pts
P18.2
YB Market Risk
Low
Low
Low
Unchanged
n/a
Cycle
Early
Mid
Early
Mid → Early
n/a
Median absolute daily movement 4.04%; distance from the highest local daily price -99.5%; circulating supply change 0.0%. These measurements are descriptive and do not predict future direction.
YearBull Rank timeline
YearBull Rank now for tranchess: #5970.
Rank timeline (last 365 days)
Rank movement (time windows).
Reading rule: a smaller rank number indicates stronger placement.
7d window: no reference point available.
30d window: no reference point available.
Phase read: If both windows align, the direction is clearer. cycle pressure can surface as slow bleed in rank.
Listing context: If rank deteriorates while the curve stays smooth, it can be cohort strength shifting. changes can follow how the coin is routed across markets.
Liquidity note: If the line only moves on high-volume days, liquidity is a key filter. bursty volume can create temporary re-ordering.
Volatility posture: If the curve is step-like, it may be reacting to discrete inputs. big jumps can be data-driven, but also rotation-driven.
YearBull Rank is an internal ordering on YearBull that positions a coin relative to the rest of the tracked universe. Treat it as a directional context tool rather than a standalone verdict.
Editorial note:
This analysis was prepared by the YearBull research team under the direction of
Alan Zelvin,
Founder and Lead Crypto Researcher.
The assessment follows YearBull’s internal research methodology and editorial standards.
Methodology ·
Editorial Policy
Related Research
Continue with contextually connected profiles and category data:
Venue refresh pending. Markets last checked: 2026-07-26. The next refresh is queued in the hourly updater. Venue listings and volumes are stored snapshots, not live quotes.
Current YearBull daily analytics are not available for this asset yet; market listings have separate freshness.
![Quickswap [OLD] (QUICK) () logo](https://yearbull.com/wp-content/uploads/coin-images/quick.webp){kind=small}
