We’re back again with the fifth installment of “What’s Up Bitcoin,” our latest series to keep our followers up-to-date with the highlights of what’s happening in the Bitcoin ecosystem over the past few weeks! 🦾🧵👇
1. Bitcoin Ecosystem Shows TVL Remains High
Data from Bitcoin Ecosystem shows that Bitlayer continues to lead the charge in the BTCfi world in terms of TVL, with a whopping $521 million
This is closely followed by:
- Core Dao – $460M
- Stacks – $270M
- Rootstock_io – $193M
2. Bitlayer Announces Bitlayer v2
Bitlayer announced Bitlayer V2 is on the way as they pursue Bitcoin-equivalent security and programmability. The upgrade is expected to bring EVM compatibility, a Finality Bridge, and Flexible Data Availability;
3. UniSat Wallet Brings Simple Bridge to PizzaSwap
UniSat Wallet announced that Simple Bridge for PizzaSwap is live on the Fractal Bitcoin Mainent, making it easier to connect assets from different protocols to PizzaSwap;
4. CoreDAO Saw 360K+ Unique Wallets and Connects to Base
CoreDAO announced that it saw over 360K unique wallets on its mainnet in September, indicating that the BTCfi world is gaining traction;
CoreDAO also announced that it connected its blockchain to Base, allowing users to bridge WETH and USDC from Base into the BTCfi world;
5. Stacks Brings sBTC to Solana and Aptos Network Ahead of Nakamoto Upgrade
Stacks announced that it will bring sBTC to the Solana blockchain:
They also announced that they will bring Bitcoin to the Aptos Network, and the Stacks Nakamoto Release is just days away;
6. Coinbase Makes History with cbBTC
Coinbase made history in September after stepping into the BTCfi world by launching cbBTC – an ERC20 token backed 1:1 by BTC, held by Coinbase.
According to Bitcoin Ecosystem, cbBTC saw an incredible $100M minted in just 24 hours and was supported by a wide range of protocols;
7. Babylon Announces Cap-2 for Bitcoin Stakin
Babylon Labs announced that its Bitcoin Staking Phase-1, Cap-2 will open on October 9th, bringing more yields to BTC holders:
8. Rootstock Covered by Messari and Introduces Fast Mode
Messari provided a wonderful overview of the Rootstock ecosystem;
Rootstock also announced the introduction of Fast Mode from the PowPeg team, which allows users to move BTC to RBTC in minutes—98% faster than before!
9. B² Network Announces Persistence One Partnership and Introduces Message Protocol
B² Network announced a partnership with Persistence One. The L2 will be integrated into our BTC cross-chain swapping solution, powered by intents;
B² Network also introduced the B² Message Protocol, a cross-chain messaging solution designed to address the ‘island effect’ among blockchains;
10. pStake Finance Announces Binance Web3 Campaign and Prepares for Babylon Cap-2
Our friends at pStake Finance announced another campaign with Binance Web3 Wallet to introduce BTC liquid staking to 232M+ users:
pSATKE also announced that Leather Wallet was integrated into its Bitcoin liquid staking solution:
Finally, pSTAKE announced its preparations for Babylon Mainnet Cap-2 for October;
11.BounceBit Attracts 50 BTC in Deposits
BounceBit filled its $BBTC 30% APY pool within one hour, attracting 50 BTC in deposits;
12. Build on Bitcoin Introduces 1-Click Bitcoin Staking
Build on Bitcoin announced the introduction of 1-click Bitcoin staking;
https://x.com/build_on_bob/status/1841808138564939985
About Persistence One
Persistence One is building a Bitcoin interoperability solution to enable cross-chain BTC swaps across Bitcoin Layer 2s.
The rapid rollout of Bitcoin L2s and side chains has led to fragmentation, hurting BTCfi scalability. Using the power of intents, Persistence One will enable users to move assets across Bitcoin Layer 2s more efficiently than traditional bridging, offering fast, secure, zero-slippage cross-chain swaps.
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