Bitget has announced a significant shift for its altcoin, BGB, making it the primary network asset of the Morph Blockchain. This integration will see BGB used as both a gas fee currency and governance tool within the Morph network. Despite maintaining existing functionalities within Bitget’s ecosystem, such as Launchpool participation and wallet integrations, BGB aims to enhance its utility and adaptability. 440 million BGB coins were transferred to the Morph Foundation for this initiative, with a substantial 220 million being burned in a single transaction. This permanent removal of those coins has sent shockwaves through the market. The remaining 220 million will be gradually released over time, providing liquidity support, funding projects, and supporting education initiatives. This burn mechanism, coupled with the Morph Foundation’s strategy to lower BGB’s total supply to 100 million units in the long run, is expected to drive the coin’s price upward. This move has also led to a significant price surge for BGB, with its market value jumping over 18%, reaching $5.44, and trading volume skyrocketing by 408% at $371 million. This bold shift from Bitget signifies a pivotal moment in the future of BGB as it seeks to solidify its presence within both the Morph Blockchain and the Bitget ecosystem.