Building Defi on Bitcoin - An overview of various projects building right now. These projects are at the forefront of Bitcoin Season 2. The aim of this article is the help the reader understand the basics of each project, beyond the marketing jargon. Full article in reply...👇
Bitcoin Dexes are on the way, sooner than most realise. Some are already here! No more splitting UTXOs or NFT style listings.
I spoke to many teams building such products in preparation for this extensive research report. Please enjoy!
Cat721 going live soon. The first collection entitled "Locked Up Cats" will further display the programmability of CAT Protocol. Users will interact with a covenants contract, locking up 100 CAT tokens to receive the NFT. The locked CAT tokens will be unlockable after a short
Unisat wallet now allows you to merge your UTXOs for Cat20. Why is this important?
$Cat was minted 5 at a time. Every mint transaction is essentially a separate UTXO which contains 5 CAT tokens.
If you minted using the CLI, every 5th transaction was a merge transaction, so
🎉 UniSat Wallet v1.5.0 now supports CAT20! 🎉
UniSat Wallet has been updated to version v1.5.0, now fully supporting CAT20! 🔥
You are now free to transfer, store, and manage your CAT20 assets directly in
#UniSat
Wallet. (Taproot and Native Segwit wallet addresses only)
You
SkryLabs
@SkryLabs
incubated $TAP protocol, and also organised their fundraising. Remember, the raise was oversubscribed by over $10m!!
Now SkryLabs are incubating
@GhostyCash
, who are migrating to TAP protocol very soon. So bullish for $GHSY. Big things coming.....
The SkryLabs team owns a robust history of successfully incubating some of the most solid infrastructure projects in the market.
With their assistance, we plan to take GhostyLabs to the next level and extend our reach over the Crypto space.
#BRC20
#GHSY
#DeFi
#BTCProject
On the first day of Christmas,
my true love sent to me,
A Pixel Pepe, cos I was earlyyyyy.
@ordinalsway
@PixelPepeDC
@ordinalswallet
@coinyeezy
Happy new year fellow degens. 2023 was great for those of us in the BTC ecosystem. 2024 will be even better!
In all my days in crypto, I've never seen a project develop and create partnerships as fast as Ordiswap. Every project seems to want to partner with them. Quite impressive.....
$ORDS
🧪 Ordiswap 🤝 Xverse
We have something really cool in the works with
@xverseApp
, the premier wallet for all your assets 👀
Brace yourself for an integrated Bitcoin DeFi experience with security at the heart of everything 💪
Details 🧵 1/3
🎉 UniSat Wallet v1.5.0 now supports CAT20! 🎉
UniSat Wallet has been updated to version v1.5.0, now fully supporting CAT20! 🔥
You are now free to transfer, store, and manage your CAT20 assets directly in
#UniSat
Wallet. (Taproot and Native Segwit wallet addresses only)
You
𝐓𝐡𝐞 𝐌𝐨𝐬𝐭 𝐅𝐥𝐞𝐱𝐢𝐛𝐥𝐞 𝐁𝐢𝐭𝐜𝐨𝐢𝐧 𝐏𝐫𝐨𝐭𝐨𝐜𝐨𝐥 🧘♂️
TAP is DeFi
TAP is Collectibles
TAP is Fractionalised Art
TAP is Launchpads
TAP is Sending Tokens in 1tx
TAP is Airdrops
TAP is DAOs
TAP is Gaming
TAP is S**tcoins
TAP is whatever you want it to be. On L1
#BTC
!
Programmability on Bitcoin is the emerging meta right now, with many teams trying to achieve their version of 'smart contracts functionality.
Tap
@tap_protocol
were the first project to kick this meta off over 1 year ago. They have the head start and a vibrant community, but
𝐌𝐚𝐣𝐨𝐫 𝐁𝐢𝐭𝐜𝐨𝐢𝐧 𝐌𝐢𝐥𝐞𝐬𝐭𝐨𝐧𝐞 𝐔𝐧𝐥𝐨𝐜𝐤𝐞𝐝!
We are Incredibly proud to announce that
@tap_protocol
has executed the first-ever Bitcoin-native smart contracts, swaps, and liquidity pool on Bitcoin L1 mainnet! 🥂
This represents a historic inflection point
Pizza Ninjas is probably the most valuable NFT I own, in terms of how the founder
@TO
is constantly providing utility for his holders. Other founders should take note.....
INTRODUCING 📢
Pizza Ninjas 10-Week Creator Bootcamp
Kicks off August 15th! 🧵👇
🏆 Learn from the best content creators
💪 Strengthen your personal brand
✅ Join a supportive community
📈 Grow your following
⏫ Level-up your skills
🌐 Build your network
💰 Monetize ethically
@tap_protocol
@rarity_garden
@dfinity
I knew this would be match made in heaven. That's why I updated then TAP Ai agent to have information about ICP as well. Ready to learn and execute. Let me know why you think.
🐱 DotSwap V3 for
#CAT20
is now live!
No more deposits or withdrawals—just connect your wallet and swap directly.
Enjoy swapping CAT20 fully on-chain!
🔄 Swap any amount of
#CAT20
at any time:
🔍 Visit DotSwap > Switch to the Fractal network > V3 >
This spaces by
@FarmerJoe0x
is one of the best spaces I've ever listened to. So many builders in the Bitcoin space all in one place discussing their ideas and developments, asking each other the hard questions.
Talking Stables with:
@liujackc
from
@bamkfi
@BitWolverine
from
Out of all of the newly launched Runes, I'm loving the efforts and the memes coming from BITCOIN•PEPE•MATRIX
@BTCPepeMatrix
. Original and consistent. Secured my bag
Even though
@opnet
is only launching on testnet , I'm quite impressed with the initial stack.
They already have developer docs, npm packages and dev tools, some apps and even a block explorer
@opscanbtc
. I hope these guys can pull it off and the degens can come out and play.
OP_NET IS NOW LIVE AND PUBLIC ON THE BITCOIN REGTEST/TESTNET! 🍊💊
OP_NET Litepaper + Website
OP_NET Testnet + Regtest (30sec blocks)
OP_NET NPM Dev Packages + Docs
OP_WALLET Download
@MotoswapBTC
NEW
Bitcoin Season 2 is really heating up. We had
@tap_protocol
utilising ICP to achieve smart contract functionality on L1 and more decentralized liquidity pools, now we have
@Saturn_btc
using
@ArchNtwrk
to bring smart contact functionality to their dex, and decentralising some of
Saturn X
@ArchNtwrk
Excited to announce a game changer.
Smart contracts are coming to Bitcoin, made possible by Arch.
What this means for you:
- Use Saturn directly from your main wallet. No more trading wallets
- Utilise liquidity pools
- True AMMs
📎Full article below.
Extremely interesting upcoming release from the O̶S̶H̶I̶ B̶O̶S̶S̶ ̶C̶B̶R̶C̶2̶0̶ Motoswap ✔️ team .
@opnetbtc
definitely worth checking out. Smart contract functionality on BTC L1. They even built their own version of the ORD client!
absolutely zero people are prepared for
@opnetbtc
a full suite of tooling
open source
no gas token (just normal $btc)
support for existing wallets
@MotoswapBTC
DEX
@opscanbtc
full block/transaction explorer
an entire suite of NPM libraries that are 1:1 with ethers/web3
We are excited to announce that we will be transitioning liquidity to the
@dot_swap
V3 AMM Swap after successfully reaching the bonding curve target on the
@satspumpfun
platform.
Once this is achieved, trading on our platform will pause, and the liquidity will be migrated to
@opnetbtc
A Bitcoin aligned metaprotocol, built outside of Ordinals. Flexible, permissionless environment to build EVM style apps and smart contracts directly on Bitcoin.
NEW DOTSWAP LP REWARDS PROGRAM
Starting NOW (block 863232), Dotswap LP providers in the BTC/NUSD V3 Pool will be allocated 5,000 BAMK per block pro-rata based on number of LP shares. LPs still qualify for existing NUSD holder rewards. Rewards will become available after same
Natcats are a cool concept. Creating a pfp purely form block data. Completely non arbitrary.
I had originally missed the
@dmtnatcats
NatCats mint, so I had to Collect my Clowder on secondary OTC.
The Potential of OP_CAT for BTC
Recently, discussions about re-enabling OP_CAT on BTC have sparked heated debate within the BTC community. However, for community members unfamiliar with BTC programming, it can be difficult to understand why so many people are excited about
There has been an interesting, and much welcome, move to the utility narrative lately on Bitcoin. Whilst the general market has been bloody;
$Trac has seen positive movements based on their upcoming validation sale.
$Bamk, $RSM, $BYZANTINE•GENERAL, all utility Runes, all pumping
@scryptplatform
An application which can take a high level language like Typescript and compile it into Bitcoin script. A suite of tools to help developers code Bitcoin native smart contract.
🔁 In-app RUNES SWAPS are here!
Today we announce the release of in-app swap aggregation, starting with Runes, and sourcing purchase options from
@MEonBTC
,
@unisat_wallet
&
@dot_swap
, changing the way you do Runes.
🔵 DotSwap Routes: Swap across all liquidity pools
Now you can seamlessly and trustlessly swap between any same-protocol tokens (e.g., between $DOG and $BDC) on DotSwap, as long as a liquidity pool exists for each token.
Access deeper liquidity on DotSwap and enjoy a more
@robin_linus
@super_testnet
Robin,
At this point I'm not sure that you yourself understand BitVM, or atleast not the rollup-like designs that are attempting to build on it.
To be clear, I'm an investor in such companies and I have friends who are attempting to implement concrete designs that purports to
Dotswap once again showing how they are ahead of the game. Multi wallet portfolio manager for Bitcoin assets. Wallet trackers. Trade multiple markets from multiple wallets all on . Dotswap is for Degens!
🔵 Manage and track your
#BTC
assets with Mempool Portfolio‼️
- Monitor Runes assets across multiple wallets
- Set custom tags for any address
- Track real-time on-chain activities
- Share and follow watchlists (follow the top 3 $DOG holders here 👉)
Ready
When I first inscribed Bitmaps, I was attracted to the idea of a non-arbitrary foundation for metaverse land/real estate. The biggest issue with previous "centralised" metaverses was the ability of some controlling entity to just randomly create more land, thus devaluing any
We're getting very close to releasing our suite of developer tools purposed for
#Bitmap
content creation and distribution
This technology we have put together will enable all Bitmap land holders to enjoy the perks of digital property ownership
Deploy developer grade content
If you haven't heard of the $BAMK $NUSD synthetic dollar on the
#Bitcoin
blockchain, this will fill you in.
Trade from Bitcoin into NUSD, or NUSD into Bitcoin.
No centralized exchange, bridge or DEX needed.
Just a
#Bitcoin
wallet.
What what? How? 👇
@OrdiswapLabs
have been killing it lately. $Ords is at $155M MC on it's way to $1B. One of my strongest holds. Recently reached $100k total swap volume.
@GhostyCash
, my other strong hold, are valued at only 15M MC. They have already done over $8M in swap volume. Undervalued!
MerlinSwap is thrilled to announce our partnership with
@bamkfi
🎉
Bamk protocol, the issuer of the $NUSD, brings a synthetic dollar on Bitcoin L1 with $BAMK as the governance and incentive token.
We are now working together to bring $NUSD and $BAMK to L2 Merlin. 🚀
@opnetbtc
are aiming to activate the degens on Bitcoin by building a completely permissionless Defi protocol. Insightful podcast from
@markjeffrey
as usual. You can sense the excitement from
@bc1plainview
and
@chadmasterxbt
in their description of their work.
𝗙𝗥𝗔𝗖𝗧𝗔𝗟 𝗕𝗜𝗧𝗖𝗢𝗜𝗡 𝗟𝗜𝗞𝗘 𝗜'𝗠 𝟭𝟬?
Let's get to it.
Firstly, Bitcoin as we know is a very secure decentralized digital currency people use to send and receive money.
However, the Bitcoin blockchain itself handles a very limited number of transactions at a
@fractal_bitcoin
A brand new Bitcoin sidechain that aims to be a natural extension of Bitcoin. Similar to Bitcoin, but faster blocks, cheaper fees, and OP_CAT.
The Growth of Bitcoin DeFi: Is BTCfi a $250B Industry?
The BTCfi ecosystem is starting to grow, but it's barely tapped into a fraction of its true potential 👀
Since the introduction of the Taproot upgrade in November 2021 and the SegWith upgrade before it, the number of
Ive been minting BRC20s since they were created, but I had stayed away from the animal memes, $rats, $cats, $mice etc.
However today I minted $farm. I'm not overthinking it.
When we decided to build on Bitcoin, we promised ourselves we’d do it on one condition: disrupt the entire industry.
Bitcoin is currently ranked 12th for TVL; it’s time to change this.
Introducing: Native Rune Staking on Bitcoin L1, a 🧵
Exclusive integration with
@XverseApp
@ChainRacingClub
One would just buy an existing floor bitmap before spending 1000 sat/vb. There will be a pull and drag relationship between floor price of bitmaps and what people are willing to risk to inscribe the latest block.
📈 RUNECOIN TVL Skyrockets
🏆 RUNECOIN (RSIC•GENESIS•RUNE by
@rune_coin
) now has the 2nd highest TVL on DotSwap‼️
📊 Incredible +700% growth in just one week 💪 Kudos to the unstoppable RUNECOIN community!
💰 Earn RUNECOIN and BTC on DotSwap:
- Provide liquidity to collect
👻✨ Swap & Bridge Alert! With
@GhostyCash
, seamlessly convert your cryptos directly to the
#RunesProtocol
.
Easy, fast, and secure!
Get started today and unlock a new realm of possibilities. 🌉🔁
#BTC
#BrcFi
join us
Which
#Runes
token should come next?
Just wrote a quick summary on
#OP_CAT
to clarify my thoughts. Thought it might help others curious about this Bitcoin op code. Here's what I've gathered so far – let me know if I'm missing anything! 🧵👇
---
What's OP_CAT?
OP_CAT is a (disabled) Bitcoin opcode used for
@CRYPNOTIZE_
Not an airdrop. Cat holders will have the ability to 'mint' the NFT as long as they have 100 CAT in their wallet, which shall be locked at time of mint.
The $Tap ecosystem is constantly building and growing. It's a real pity they had no presence at Nashville!! Folks are unaware of all that is goin on over there.....
TAP Ecosystem NEWS
Page 1:
@trac_btc
TRAC
🚀 TRAC Validator Sale Update! 🚀
Round 2 sold out in just 10 minutes! The demand is sky-high, and Round 3 is coming soon, priced at 700 TRAC per validator. Will you be able to secure one in the next round? Stay tuned and follow
@bitoordileone
@opnetbtc
Great Post, very insightful.
Brc20s, Tap etc are all technically metaprotocols that are using BTC for transaction fees however, so we known what that looks like.
Btc Ecosystems playbook:
Runes for memecoins and the "Sky Casino".
$Tap and $Trac for Defi level functionality.
CBRC20 $Moto for autism.
Wade in the weeds of these 3 ecosystems for freedom.
Blown away.
@dot_swap
is a new Uniswap-like AMM on Bitcoin.
I just traded native BTC for $NUSD (a synthetic dollar implemented as Runes on Bitcoin) in a custom amount exactly like if I were on Uniswap.
And I never left the
#Bitcoin
chain.
Goddamn.
👇🧵Here's what I learned so far building a
#CAT20
Dapp
@Satspumpfun
on Fractal
💯Building on a brand new protocol is both exciting and daunting. Cat protocol, built on OP_CAT enabled Fractal, is essentially the "cutting edge" of what is possible on Bitcoin compatible networks
Hash Rate - Ep. 61:
@dot_swap
#Bitcoin
Native AMM
🧙 Guest:
@linzheming
Website:
DotSwap is the first Uniswap-like AMM for Runes directly on the
#Bitcoin
blockchain -- no L2's, no bridges, no wrapped tokens. BTC-Fi is here.
00:00 Introduction
How to run
@trac_btc
locally
Run the following commands in your terminal (nodejs & git required):
🟧 git clone
🟧 cd tap-reader
🟧 npm i
🟧 npm start
Congratulations, you're now helping to strengthen the
#TAP
protocol for everyone
#trac
$trac
@ChainRacingClub
@downline1001
Nothing stopping you from creating your own version of the protocol using whatever rules you want. If people agree with you they will follow. That's the beauty of decentralisation.
@bc1anakun
@udiWertheimer
@ercwl
@QuantumCatsXYZ
There are hundreds and hundreds of various types of summaries but here are some of the basic reference materials the wizards, quantum cats, have put together:
__**OP_CAT Technicals**__
- OP_CAT BIP Proposal -->
- How does OP_CAT work in Bitcoin Script?
👻 GHOSTY FAM 👻
Get ready! is now available on Telegram! 🚀
You can now:
🔗 Bridge
🔄 Swap
all within Telegram!
Mobilize your cryptos with ease. Join us at and give it a try!
Just Ghosty Your Cryptos 💸
#Kaspa
#BTC
#ETH
#SOL