BounceBit, the native blockchain that recovers Bitcoin, is one of the cryptocurrency projects enjoying a significant Santa rally as its token jumped more than 16%.

On December 24, BounceBit (BB) price rose above $0.43, and this followed the token's decline last week, which saw bears pushed below $0.32.

Like Bitcoin (btc) The price recovered above $97,000 amid a new holiday-driven bounce, and BB reached a new seven-day high.

These gains came a day after the BTC platform recovered Announce A major partnership agreement with cloud computing giant Google Cloud.

In their announcement, BounceBit and cloud computing provider Google said they are teaming up to revolutionize the real-world asset market.

Specifically, the collaboration targets the digitization of RWA in Southeast Asia. Blockchain Capital-backed Binance Labs and BounceBit will leverage Google Cloud architecture to boost their traction in the CeDeFi ecosystem.

Key to this will be Google Cloud's Vertex AI technology, which will improve the platform's performance and security.

In a comment, Jack Lu, co-founder of BounceBit, said:

“Verifying transactions on our platform is very important, and incidents must be resolved immediately. With Compute Engine, we have seen a 50% improvement in response time not only for our chain, but also for the CeDeFi infrastructure.

The price of the BB token has increased by 33% in the past month. However, it is still more than 50% below its all-time high above $0.86, which was reached in June 2024.