OP_NET
@opnetbtc
Followers
9,449
Following
24
Media
74
Statuses
467
OP_NET is a Bitcoin Layer 1 Smart Contract Metaprotocol for DeFi, Tokens, NFTs, DAOs, and more. There is no OP_NET token, OP_NET only uses native $BTC.
Bitcoin Layer 1
Joined August 2023
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Pinned Tweet
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
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Aug 7th.
5pm EST.
OP_NET Litepaper + Website
OP_NET Testnet + Regtest (30sec blocks)
OP_NET NPM Dev Packages + Docs
OP_WALLET Download
@MotoswapBTC
NEW Testnet + Regtest
@opscanbtc
Testnet + Regtest
OP_NET Regtest Faucet
All live tomorrow AND Spaces at 5:30pm EST
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OP_NET and
@MotoswapBTC
are now LIVE on the
@fractal_bitcoin
Testnet! 🍊💊
This means that Fractal now has fast blocks, lower cost, AND all of the smart contract features of OP_NET 🤯
OP_NET is a Metaprotocol, so it can work on ANY Bitcoin Fork chain, just like Ordinals/Runes
Working on something...
@fractal_bitcoin
👀🍊💊
Mind sending us some $fB so we can deploy our
@MotoswapBTC
contracts?
bc1p823gdnqvk8a90f8cu30w8ywvk29uh8txtqqnsmk6f5ktd7hlyl0qxsjd0h
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🚨Coming Soon: OP_LINK - A Trustless Bridge for Cross-Chain Transfers!🚨
We’re excited to announce OP_LINK, a bridge that will enable secure, trustless transfers of OP_NET assets between compatible blockchains.
Powered by AuxPoW (Merge Mining), OP_LINK will ensure direct
🚀 Introducing OP_LINK: A decentralized, trustless bridge for cross-chain asset transfers using AuxPoW (Merge mining)!
🔗 With secure anchor points linking contracts across parent & child chains, OP_LINK ensures seamless transfers of OPNet-based assets without intermediaries.
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We have updated the website with an ECOSYSTEM page!
Scroll down on the home page to see all of the projects building on Bitcoin Layer 1 with OP_NET, such as:
@MotoswapBTC
@opscanbtc
@StashOnBTC
@opdotfun
@OrdinalNovus
@Multibit_Bridge
@FjordFoundry
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OP_NET is compatible on EVERY chain, starting with Bitcoin! 🌐⚡
Seamlessly integrating with Taproot chains we aim to scale smart contract functionality across the WHOLE Bitcoin network.
Facilitating DeFi landscape development through a comprehensive suite of smart contract
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Working on something...
@fractal_bitcoin
👀🍊💊
Mind sending us some $fB so we can deploy our
@MotoswapBTC
contracts?
bc1p823gdnqvk8a90f8cu30w8ywvk29uh8txtqqnsmk6f5ktd7hlyl0qxsjd0h
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The chosen one
@bc1anakun
set us up with the VERY FIRST
@fractal_bitcoin
mining pool! 🤯🍊💊
We will be opening a testnet $fB faucet for users to claim $fB at a higher rate than the official
@unisat_wallet
@fractal_bitcoin
faucet currently allows for 🤝
To the
@fractal_bitcoin
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OP_NET is the FIRST and ONLY smart contract Bitcoin Layer 1 Metaprotocol
OP_NET works similar to the OrdClient, deploying smart contracts similar to Ordinal inscriptions directly on
#Bitcoin
OP_NET = Ordinals but for Smart Contracts
Eliminating the need for extra trust
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wtf is OP_NET wtf is OP_NET wtf is OP_NET wtf is OP_NET wtf is OP_NET wtf is OP_NET wtf is OP_NET wtf is OP_NET wtf is OP_NET wtf is OP_NET wtf is OP_NET wtf is OP_NET wtf is OP_NET wtf is OP_NET wtf is OP_NET wtf is OP_NET wtf is OP_NET wtf is OP_NET wtf is OP_NET wtf is OP_NET
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The overwhelmingly positive response from the Bitcoin and Developer communities to OP_NET has blown us away! 🤯🧡
Already, 20+ projects are building on Bitcoin Layer 1 with OP_NET, spanning DeFi protocols, DAOs, NFTs, Telegram bots, memecoins, and more!
If you’re a dev or
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📚OP_NET DOCUMENTATION PORTAL IS OFFICIALLY LIVE 📚
The ultimate resource for building dApps on Bitcoin’s Layer 1 is here — the OP_NET portal has everything you need! 💥
Manage and create OP_20 tokens, seamlessly integrate the OP_WALLET Chrome extension
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Say it with your chest:
OP_NET IS NOT AN L2
OP_NET IS A BITCOIN LAYER 1 SMART CONTRACT METAPROTOCOL
JUST AS BTC L1 AS ORDINALS, BRC20s, RUNES, ETC
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Start building on Bitcoin Layer One with OP_NET today
Live on testnet and regtest
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Building Uniswap, AAVE, OHM, Yearn Finance will all be possible on Bitcoin 🍊💊
OP_NET enables smart contracts on Bitcoin using Tapscript and WebAssembly, similar to the execution model on EVM chains — but utilizing the security of Bitcoin’s consensus.
We're at the forefront of
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OP_NET on Bitcoin L1,
@fractal_bitcoin
AND
@BellsChain
???
Most people might be shocked by this, but having the flexibility of chain-choosing is an inherent part of being a METAPROTOCOL
METAPROTOCOLS exist within BTC forks, so OP_NET can continue to be deployed onto each fork!
does anyone know when $BEL
@BellsChain
gets Taproot enabled??
want to see how easily we can get
@opnetbtc
spun up
also: is there a Bellschain Testnet?
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We are very excited for
@fractal_bitcoin
this Fall! 🍊💊
Since OP_NET is a Layer 1 Bitcoin Metaprotocol and NOT its own blockchain/rollup, it can exist on other Bitcoin forks just like Ordinals 🔥
Fractal is an extra cool BTC fork because it includes Taproot (and maybe even
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Imagine harnessing Bitcoin's untapped ~$1.2 trillion liquidity to spark a similar explosive growth to the EVM DeFi ecosystem.
On EVM chains the power lies in protocols that unlock liquidity through smart contracts, enabling builders to create a financial ecosystem in which
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OP_NET ONLY uses $BTC as a fee token
Using BTC for all transaction fees ensures seamless integration with Bitcoin's liquidity and reliability. Aligning with Bitcoin's core values of security and decentralization.
Eliminating complexities stemming from managing multiple
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Liquidity Pools enable continuous liquidity, automated market making and access to DeFi services.
A liquidity pool consists of a token pair: creating a new market. Managed by a smart contract, eliminating the need for trust and 3rd party dependencies.
Liquidity providers (LP's)
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Scaling OP_NET's Smart Contract programmability with Fractal Bitcoin
As Bitcoin
#DeFi
grows, Layer 1 congestion becomes a concern for builders and users.
The need for scalable solutions to support this growth is clear.
The launch of
@fractal_bitcoin
introduces the first
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Why is OP_NET important to Bitcoin Layer 1?
In the past year, innovations addressed script limitations and lack of smart contract functionalities on
#Bitcoin
Layer 1.
Liquid token protocols have used the Ordinals envelope - limiting their functionality to simple transactions.
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OP_NET is a game changer for Bitcoin 🍊💊
Indexing solutions like BRC-20 and Ordinals are limited.
OP_NET brings smart contracts directly on
#Bitcoin
, creating a true token standard and fully permissionless environment — no extra tokens needed, all fees in BTC! 🟠
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🚀 Liquidity Mining: The Central Pillar of DeFi 💡
Users contribute assets (liquidity) to liquidity pools - being rewarded governance tokens, protocol fees, or other incentives.
We bring liquidity mining opportunities directly to Bitcoin Layer 1
Through smart contracts;
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A DEX is the first step towards unlocking new liquidity
@Uniswap
laid the foundation for
#DeFi
infrastructure on EVM chains, enabling permissionless token swaps and liquidity pool functionalities, leading to a $10 billion TVL at its peak in 2021.
MotoSwap is essentially
Introducing the FIRST DEX:
@MotoswapBTC
Motoswap is Uniswap but on Bitcoin, unlocked through
@opnetbtc
smart contracts
Leveraging Bitcoin's security; users can swap tokens without a centralized intermediary directly on Layer 1
Similar to DEX's on EVM chains; users are able to
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Continuous liquidity plays a significant role in DeFi, but Bitcoin assets are currently traded via PSBT's (Partially Signed Bitcoin Transactions)
PSBTs enable trustless peer-to-peer trading, but limit trading to fixed listings - meaning fungible tokens are traded like NFTs.
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DeFi Devs x BTC L1 = OP_NET
OP_NET bridges the gap between EVM-based developers and the untapped potential for
#DeFi
on Bitcoin Layer 1
Enabling smart contracts and utilizing WebAssembly (WASM) to write these contracts in over 20 languages, OP_NET offers a familiar
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Decentralized Exchange's facilitate token trading without relying on a centralized intermediary
An Automated Market Maker
#DEX
protocol uses an algorithm to price assets and draw liquidity from liquidity pools - providing a fluid trading experience.
Previous attempts on
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OP_NET provides the framework to build the first
@OlympusDAO
style dApp's on Bitcoin Layer 1
OHM is an algorithmic reserve currency designed to act as a decentralized store of value.
Its innovative DeFi mechanisms known for the infamous (3,3) model created many lucrative
Introducing the first OHM Fork on OP_NET:
@slohmfi
@OlympusDAO
proposed a decentralized, algorithmic reserve currency - $OHM.
Backed primarily by a treasury of stablecoin assets.
Popularizing the (3,3) model
Bonding was introduced, where users acquired discounted OHM by
2
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Exciting Times Ahead for Fractal!
We at OPNET are ecstatic that the Fractal Mainnet is set to officially launch
This is a monumental and unique step forward in attempting to scale Bitcoin
Integrating OPNET with Fractal will deliver an enhanced user experience to our
🔥 Fractal Mainnet is Set to Launch🔥
We’re thrilled to announce that
#Fractal
Mainnet is expected to officially launch on September 9th, 2024! ✨
🧐Curious about what’s next for Fractal? You definitely won’t want to miss this!
Highlights:
💎 Fractal Tokenomics
🛠️ brc-20 on
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🚨Huge Updates Are Here🚨
We’ve released the alpha versions of OP-VM and the OPNet Unit Testing Framework.
These updates enhance the experience for developers, making your experience to build on OP_NET smoother.
All links are below 🔽 We're open to feedback!
🚨 Just dropped some huge updates!🚨
🚀 We’ve officially alpha-released our OP-VM and the OPNet Unit Testing framework.
If you’re building on OP_NET, you must update your runtime and contracts. The new tools will greatly improve developers experiences. Dive in now and let me
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Metaprotocols are sets of rules that add functionalities to the underlying blockchain
Ordinals enabled data like JPGs to be embedded directly on Layer 1, allowing for simple, non-custodial asset management while using BTC as the fee token for transactions.
OP_NET is a Layer 1
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🔔Building Programmability on
#Bitcoin
- Full episode coming soon! 🔔🍊💊
"People still to this day don't know the commit → reveal scheme of ordinals... people still don't know how indexing works... we've been trying for a long time to educate people - how do we actually build programmability on Bitcoin?"
-
@chadmasterxbt
at
@opnetbtc
(EPISODE SOON!)
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Imagine
@Uniswap
@OlympusDAO
@pumpdotfun
directly on Bitcoin 🚀🤯
OP_NET unlocks new opportunities by enabling smart contracts native to Bitcoin Layer 1:
🟠 DeFi - DEX's and dApps
🟠 Trustless and decentralized on-chain interactions
🟠 Permissionless environment empowering
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TL;DR
OP_NET is like Ordinals but for Smart Contracts on BTC Layer 1
if u can do it on eth
u can do with opnet
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OP_NET runs on distributed nodes that anyone can operate💻
By leveraging Bitcoin's consensus for data availability and security, OP_NET guarantees that all transactions are securely recorded on the immutable blockchain.
The nodes for OP_NET are decentralized — tracking smart
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You can find all our official links in the revamped OP_NET link 🧡🍊💊
⚠️ Be cautious of spam links going around and always refer to the our bio if in doubt⚠️
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How OP_NET Enables Smart Contracts on Bitcoin ⁉️🤯
Bitcoin doesn’t support smart contract addresses by default because each address is controlled by a private key that can’t be transferred or shared.
Identical to Ordinals which allows for JPEG’s on Bitcoin: OP_NET transforms
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We're launching an OFFICIAL OP_NET ECOSYSTEM page
We've received enormous amounts of support since the testnet release - with a great interest of projects coming to build on OP_NET 🧡
We’ll be covering all developments in the OP_NET Ecosystem
@opnetbtc_eco
🍊💊
⬇️ Don't miss
Welcome to the OFFICIAL OP_NET Ecosystem page
We're EXCITED to see many projects building on OP_NET! We've decided to highlight EVERYTHING happening within the ecosystem!
We'll be providing real-time updates on the progress of all projects developing on
@opnetbtc
!
🛎️ Stay
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We noticed a growing support for related runes tokens that would migrate to the OP-20 Bitcoin token standard using OP_NET.
Disclaimer: OP_NET is not associated with any tokens and does not receive any profits from fees generated by existing minted tokens.
There is no OP_NET
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The overwhelmingly enthusiastic response to OP_NET from the Bitcoin and developer communities has truly blown us away! 🚀🧡
35+ projects are already building with OP_NET on
#Bitcoin
Layer 1, covering everything from DeFi protocols, DAOs, NFTs, Bots, memecoins, and more! 🔥💻
If
📚OP_NET DOCUMENTATION PORTAL IS OFFICIALLY LIVE 📚
The ultimate resource for building dApps on Bitcoin’s Layer 1 is here — the OP_NET portal has everything you need! 💥
Manage and create OP_20 tokens, seamlessly integrate the OP_WALLET Chrome extension
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Watch our latest episode with
@exliquidity
!
We dive into our FULL story and how OP_NET revolutionises the DeFi landscape on Bitcoin🍊💊
Bring DEFI To BITCOIN 💊🍊
Check out our full chat with
@bc1plainview
&
@chadmasterxbt
from
@opnetbtc
- Complete with timestamps⏳
More formats below👇
(00:26) Introduction + Exit Liquidity Stories
(14:05) Bringing EVM Communities to Bitcoin
(20:17) Bitcoin """L2s"""
(30:37)
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🚨Full episode OUT NOW!🚨
Dive into how we're building the FIRST and ONLY smart contract metaprotocol on Bitcoin Layer 1 🍊💊
Doing Everything *on* Bitcoin L1
@chadmasterxbt
w/
@opnetbtc
riffs with
@cbspears
about the long and storied history of ordinals metaprotocols, token schemes, and how the OPNET team is shipping an indexer-side smart contract system without a token.
---
00:00 - Intro
03:45 -
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⚡️Bitcoin Layer 1 DeFi > L2 Scaling Solutions⚡️
To solve for empty blocks: OP_NET's infrastructure facilitates native programmability on Bitcoin to bring DeFi directly onto Layer 1.
Unlocking activity on Layer 1 will keep fees high - incentivizing miners to mine; maintaining
5 REASONS WHY HAVING BITCOIN L2s BEFORE OP_NET MAKES ZERO SENSE 🍊💊
There's massive hype around scaling Bitcoin through L2s, but we’re skipping a crucial step👇
👏Unlocking 👏programmability👏 on👏 L1 👏
Before worrying about scaling, we should address the REAL issue: EMPTY
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MILLONS in Solana memecoin volume came from
@pumpdotfun
💰🚀
Imagine how MASSIVE memecoins can grow on BITCOIN 🟠
With OP_NET's smart contract capabilities, memecoins will be able to thrive on the most secure blockchain.
@opdotfun
is building this experience for SlowFi —
@opdotfun
is bringing
@pumpdotfun
to Bitcoin 💊🤯
Effortlessly create tokens on Bitcoin -> complete the bonding curve -> liquidity pool will be automatically deployed on
@MotoswapBTC
Why SlowFi?
With Bitcoin’s ⏱️ 10-minute block
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🚨Introducing OP_NET's Base Gas Algorithm🚨
OP_NET is implementing a revolutionary way to manage gas fees, keeping them stable even during high network demand.
Ensuring efficient, fair transactions for smart contracts on Bitcoin ⚡️
🔽Check out the full details🔽
🚀 Introducing OP_NET's Base Gas Algorithm!
Say goodbye to volatile fees and insane gas price inflation due to short-term fluctuations.
Take a look 👇
@opnetbtc
@opnetbtc_cn
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To use OP_NET/Motoswap on Fractal:
1 - Go to and download/install the latest OP_WALLET Extension
2 - Go to to get some $fB (Fractal Bitcoin)
3 - Go to and change your network on the top right to "Fractal
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We appreciate all the recent support 🧡
Bitcoin can be hard to grasp, especially with new terminology differing from EVM chains.
To welcome millions of new users into this ecosystem, it's crucial to bridge the knowledge gap.
By doing so, we can truly demonstrate the potential
After researching
@opnetbtc
and
@MotoswapBTC
i have become very interested in this project and have been motivated to write up some thoughts on it check this out if your interested in the future of $BTC!
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Permissionless is key.
🍊💊🍊💊🍊💊
Many of the metaprotocols proposed as of late are indexer commands for smart contracts. i.e. every smart contract is "built" into the indexer and to introduce new contracts one must go through an approval and integration process.
I don't think these will gain meaningful
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Key points to understand OP_NET
Soon we are going to dive deep into each specification; showcasing the importance of each one!
Stay tuned 🍊💊
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Great episode with
@bc1plainview
talking about
@fractal_bitcoin
developments
Fractals offers an experience similar to using Optimism or Arbitrum on BTC, with faster and more adaptable features native to Bitcoin.
OP_NET can directly integrate into Fractal enabling smart
Hash Rate - Ep. 67: The FRACTAL Fractacular!
🧙♂️Guest:
@bc1plainview
of
@opnetbtc
explaining
@fractal_bitcoin
from
@unisat_wallet
Everything we know about Fractal Bitcoin so far. We take it all from the top -- with the very latest details.
🔥USE MY LINK
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@lorenzonical
Great info, thanks for a lot of clarification on the plans for
@fractal_bitcoin
!
We are looking forward to re-deploying the OP_NET Smart Contract metaprotocol as well as our DEX
@MotoswapBTC
to Fractal Testnet with OP_CAT enabled 🍊💊
OP_NET and
@MotoswapBTC
are now LIVE on the
@fractal_bitcoin
Testnet! 🍊💊
This means that Fractal now has fast blocks, lower cost, AND all of the smart contract features of OP_NET 🤯
OP_NET is a Metaprotocol, so it can work on ANY Bitcoin Fork chain, just like Ordinals/Runes
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@mOrC66177862
When OP_NET gets deployed on other blockchains- it would use that chains token as fee token. This would be $bells for Bellscoin and $fB for Fractal Bitcoin
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🔔SET YOUR REMINDERS🔔
Join us later today with
@UniWorlds_io
for an insightful discussion on the developments and opportunities emerging within the
@fractal_bitcoin
ecosystem!
Link will follow in the announcement below 🍊💊
🎙️Fractal Bitcoin & Uniworlds - The Beginning of a New Era.
⏰ 8/24 10PM (EST)
🎁
@PichobyRabeno
20 WL spots will be given to active listeners.
📻Co-hosts:
@0xGimmy
UniWorlds Co-founder;
@JClark0x
USA of UniWorlds Ambassador
🥃Guests
@spenceryang
from
@fractal_bitcoin
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💸𝗦𝘁𝗮𝗸𝗶𝗻𝗴: 𝗘𝗮𝗿𝗻𝗶𝗻𝗴 𝗣𝗮𝘀𝘀𝗶𝘃𝗲 𝗥𝗲𝘄𝗮𝗿𝗱𝘀 𝗼𝗻 𝗕𝗶𝘁𝗰𝗼𝗶𝗻💸
Staking involves locking tokens into a smart contract to earn governance tokens, protocol fees, or staking yields — similar to earning interest from a bank account 🔐
OP_NET unlocks staking
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OP_NET brings smart contracts outside of the indexer side - directly onto the Bitcoin blockchain
This creates a permissionless environment where upgrades and new product developments can proceed without needing consensus across indexers 🍊💊
Why it’s impossible to build DeFi on Bitcoin with existing protocols.
@opnetbtc
fixes this.
Credit:
@TheCryptoLif7
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Update your OP_WALLET to the latest 1.0.3 version!
Release notes below 👇
OP_Wallet 1.0.3 is now out with the latest Fractal update which includes OP_CAT.
You can download it by going to the official site here: (regtest faucet is operational)
Whats new?
1. Includes the proposal made to Unisat here:
2.
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Disclaimer: The
@opnetbtc_eco
page highlights projects building on OP_NET but is NOT affiliated with any of them, nor does it offer financial advice.
🚨 With the growing support of our community, we would like to make an important disclaimer🚨
Disclaimer: The projects and information shared on this page are for informational purposes only and should NOT be considered as financial advice.
Always conduct your own research
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🚨🔔Set your REMINDERS for the DeFi Roundtable tomorrow 🔔🚨
⏰ Only 24 hours until a New Defi Roundtable!
🎧 Listen in as we dig into Real World Assets on
@berachain
with the team from
@rootsfi
and learn a bit about Smart Contracts on Bitcoin with the builders behind
@opnetbtc
.
🌍 Where:
⏰ When: Friday 9/6 at 5
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@pgreyy
@MotoswapBTC
@fractal_bitcoin
so close ser!! not every transaction is done with WBTC actually, we just use normal, unwrapped BTC as our gas token
if users wish to play defi games with BTC, they can use our native WBTC solution, but it's not required to use OP_NET as OP_NET is BTC L1 and just requires normal
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@fractal_bitcoin
LFG! Can't wait to redeploy and get
@MotoswapBTC
ready to use on Fractal with OP_CAT!
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