Tag: Protocol

  • Bitcoin staking platform Solv Protocol partners with Ethereum L2 Soneium

    Bitcoin staking platform Solv Protocol partners with Ethereum L2 Soneium

    Bitcoin staking platform Solv Protocol partners with Ethereum L2 Soneium

    • Solv Protocol has partnered with Soneium for BTC staking on Ethereum L2.
    • Following the partnership, SolvBTC holders can stake, earn rewards, and use advanced yield strategies.
    • Soneium’s $45M TVL and 47M transactions boost DeFi growth with Solv.

    The world of decentralized finance continues to evolve, and a new partnership between Solv Protocol and Soneium is pushing the boundaries of what Bitcoin can achieve. Announced on March 6, 2025, this collaboration brings Bitcoin staking to Soneium, an Ethereum layer 2 blockchain supported by Japan’s Sony Group.

    By integrating these two platforms, users can now explore fresh opportunities to earn rewards and tap into cross-chain liquidity, blending Bitcoin’s stability with Ethereum’s expansive DeFi ecosystem.

    Solv Protocol, a platform dedicated to Bitcoin staking, is at the heart of this development. It allows users to deposit Bitcoin and receive SolvBTC, a token pegged 1:1 to Bitcoin’s value.

    Through this partnership, SolvBTC holders can stake their assets on Soneium, opening the door to passive income while maintaining Bitcoin’s core value proposition. This move reflects a growing trend among investors seeking ways to make their Bitcoin work harder beyond simply holding or trading it.

    Enhancing Bitcoin’s DeFi potential

    A standout feature of this collaboration is the introduction of SolvBTC Liquid Staking Tokens, or SolvBTC.LSTs. These tokens enable advanced yield strategies, giving Bitcoin users greater flexibility and scalability in their investments.

    With this setup, staking becomes more than just a way to earn rewards—it transforms into a tool for unlocking sophisticated financial opportunities across multiple blockchains. The partnership leverages Solv’s innovative Staking Abstraction Layer, a system designed to simplify the staking process across various networks.

    This abstraction layer is a game-changer for Bitcoin holders. It lowers the technical barriers that often keep users from participating in DeFi, making it easier to engage with decentralized applications.

    By bridging Bitcoin (BTC) to Soneium, Solv Protocol is effectively extending the cryptocurrency’s utility, allowing it to play a more active role in the fast-growing world of decentralized finance.

    Notably, the timing of this partnership couldn’t be better. As Bitcoin staking gains popularity, more investors are looking for ways to generate passive income from their holdings. Solv Protocol and Soneium are meeting this demand head-on, offering a solution that’s both accessible and forward-thinking.

    While specifics about future plans remain under wraps, both teams have hinted at additional innovations to come, signaling that this is just the beginning of Bitcoin’s deeper integration into DeFi.

    Soneium’s rising star in DeFi

    Soneium, launched in August 2024 by Sony Block Solutions Labs and web3 firm Startale, has quickly made a name for itself. Built as a high-performance Ethereum layer 2 solution, it’s designed to power creative and efficient decentralized applications.

    As of March 6, 2025, the network boasts a total value locked of $63.16 million across 19 dApps, according to DefiLlama data. Its rapid growth is evident in the 47 million transactions processed and the 4 million active addresses it has attracted in just a few months.

    The platform hosts some of the most dynamic DeFi projects in the space, including decentralized exchanges like Kyo Finance, Velodrome, and Sonex.

    Soneium’s infrastructure is tailored to handle the demands of modern DeFi, offering speed and scalability that complement Solv Protocol’s ambitions. Together, they’re creating an environment where Bitcoin users can seamlessly integrate with cutting-edge financial tools.

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  • Tap Protocol delays TAP token distribution event

    Tap Protocol delays TAP token distribution event

    • Tap Protocol has delayed its TAP token launch date from October 21, 2024 to October 23, 2024.
    • TAP, with a total supply of 21 million, will go live on Bitcoin and Ethereum

    Tap Protocol, a decentralized finance platform on Bitcoin, has announced that its anticipated token distribution will now occur on October 23, 2024.

    The protocol has earlier announced the Token Generation Event (TGE) would be on Monday, October 21, 2024. However, it released an update early Monday noting that the TGE will now happen on Wednesday, October 23 at 12:00 UTC.

    Why the Tap Protocol TGE delay?

    According to the Bitcoin DeFi protocol, the postponement is meant to allow ecosystem partners such as bridges to be properly prepared for the potential surge in transactions.

    “Nobody likes delays, but unfortunately, we have to postpone our TGE to the 23rd of October at 12:00 UTC. While we understand the wait may be difficult, we want to ensure that our bridge and other products are in perfect condition to support the expected high volume of users,” Tap Protocol posted on X.

    TAP will be available on Bitcoin and Ethereum networks at launch, while the roadmap highlights token swap, marketplace and staking as key milestones.

    Notable about Tap Protocol is that the TAP token will have a fixed supply of 21 million tokens. The project uses the Ordinals system, with the aim being to advance the BTC ecosystem’s DeFi and dApps capabilities via various assets. It includes non-fungible tokens (NFTs).



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  • Binance-backed Solv Protocol introduces Bitcoin staking on Base with cbBTC token

    Binance-backed Solv Protocol introduces Bitcoin staking on Base with cbBTC token

    Solv Protocol introduces Bitcoin staking on Base with cbBTC token
    • Solv Protocol has launched Bitcoin staking for cbBTC holders on the Base network.
    • cbBTC holders on the Solv protocol can mint SolvBTC and convert it to SolvBTC.BBN for Bitcoin staking yield.
    • cbBTC, backed 1:1 by Coinbase’s BTC holdings, is live on Ethereum and Base for DeFi integration.

    Solv Protocol, supported by Binance Labs, has unveiled its latest innovation in the cryptocurrency space: Bitcoin staking for holders of the newly launched wrapped Bitcoin token, cbBTC, on the Base network.

    Coinbase’s cbBTC token allows Bitcoin holders to convert their assets into this new wrapped token, similar to previous efforts with Wrapped Bitcoin (WBTC).

    The conversion process involves transferring Bitcoin from user accounts to either Base or Ethereum addresses, where it is transformed into cbBTC. This token can then be utilized across various DeFi protocols, including MakerDAO, Aave, and Compound as we had detailed in our earlier news coverage.

    Earning Bitcoin staking yields on Solv Protocol with cbBTC

    Solv Protocol is capitalizing on the newly launched Coinbase cbBTC token, which is backed 1:1 by BTC holdings on Coinbase and is now available on both Ethereum and the Base layer 2 chain to offer Bitcoin staking through the cbBTC token on the Base network.

    Solv Protocol enables cbBTC holders to mint SolvBTC, a token designed to enhance participation in decentralized finance opportunities. The users can then convert SolvBTC into SolvBTC.BBN, a liquid staking token that provides additional Bitcoin staking yields.

    Solv Protocol’s latest offering adds to the growing array of platforms providing liquid staking or restaking opportunities for Bitcoin, alongside other services like Lombard Finance, Swell, and AcreBTC.



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  • Self-custodial Bitcoin staking protocol Babylon announces mainnet

    Self-custodial Bitcoin staking protocol Babylon announces mainnet

    • Babylon, the self-custodial Bitcoin staking protocol, will launch its mainnet on August 22, 2024.
    • The launch brings a “third native use-case of Bitcoin” to users, adding staking to its store of value and payment, Fisher Yu, co-founder of Babylon, said.

    Babylon, a self-custodial Bitcoin staking protocol, has announced the launch of its phase-1 mainnet as it eyes the growing decentralised finance market on the leading blockchain network.

    Babylon announces Bitcoin staking mainnet

    In an announcement on Monday, the protocol revealed its mainnet launch will go live on August 22, 2024. The first phase of the mainnet will allow BTC holders to stake their coins with the self-custodial protocol.

    Meanwhile, upcoming phases will see the Bitcoin protocol allow proof-of-stake networks to tap into the $1 trillion bitcoin network security. Projects that can gain access to and utilise this ecosystem include layer-2 chains, data availability layers and oracles.

    “This launch leads to the third native use-case of Bitcoin, the asset beside value storage and simple payment: stake to secure networks and earn,” Fisher Yu, co-founder of the Babylon project, said. “We expect this to enhance the crypto-economic security of PoS chains and other decentralised applications, offering them a more secure and reliable infrastructure, while at the same time unlocking the value from the idle, unencumbered $1 trillion Bitcoin ecosystem.”

    Babylon’s announcement comes after the platform raised $70 million in a funding round led by crypto venture capital firm Paradigm. Mainnet is supported by more than 200 finality providers, including Allnodes, Galaxy Digital, P2P, Figment, Luganodes, and Stakefish.

    The project has also received support from top wallets such as Binance Web3 Wallet, OKX Web3 Wallet, Bitget Wallet, Keystone and TomoWallet.



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  • Morpho becomes first L2 protocol to launch on Base

    Morpho becomes first L2 protocol to launch on Base

    Morpho becomes first L2 protocol to launch on Base
    • Morpho is the first Layer 2 protocol to launch on Coinbase’s Base.
    • Morpho has introduced MetaMorpho Vaults and Morpho Markets on Base, boosting yield and borrowing options.
    • Morpho’s CEO, Paul Frambot, has shifted his stance on Base deployment seeing it as pivotal for Morpho’s growth in DeFi.

    Morpho, a decentralized finance (DeFi) lending and borrowing protocol initially established on Ethereum, has achieved a significant milestone by becoming the first layer-2 (L2) protocol to launch on Base, a scaling network for Ethereum introduced by Coinbase in 2023.

    This expansion marks a pivotal moment for Morpho as it seeks to capitalize on the growing DeFi ecosystem and enhance its service offerings. The move is set to transform Morpho’s trajectory and potentially position it as a leading protocol on Base.

    Morpho to tap into Base’ DeFi ecosystem with this expansion

    Morpho’s transition to Base is a strategic decision aimed at tapping into a burgeoning DeFi ecosystem.

    Despite CEO Paul Frambot’s initial reluctance to expand onto a second chain, he has acknowledged that circumstances have evolved, necessitating this new deployment.

    This shift underscores the dynamic nature of the DeFi landscape and Morpho’s adaptive strategy to stay ahead in a competitive market.

    The introduction of Morpho on Base brings with it several innovative features designed to enhance user experience and optimize capital utilization.

    One of the key features is MetaMorpho Vaults, which offers optimized yields through passive lending. Users can earn returns by depositing assets into these vaults, providing a robust mechanism for yield generation.

    Additionally, Morpho Markets allows users to borrow against their deposits, with markets such as the cbETH/USDC enabling users to borrow the USDC stablecoin using cbETH as collateral. These features are poised to attract a new wave of users to the platform, further bolstering its growth.

    Morpho’s platform on Base could outpace its Ethereum version

    The potential for Morpho’s platform on Base to outpace its Ethereum version within the next year is significant.

    The broader adoption of Base across the market is anticipated to drive user onboarding, which is crucial for Morpho’s expansion and success.

    At the moment, DeFiLlama data shows that Morpho has a total value locked (TVL) of $1.833 billion. This is a substantial increase from approximately $597.76 million at the beginning of the year.

    This impressive growth trajectory highlights Morpho’s robust performance and the increasing confidence of users in its protocol.

    Morpho’s launch on Base not only signifies Morpho’s commitment to growth but also highlights the evolving nature of the DeFi space. As Base continues to see greater adoption, the synergy between these platforms could lead to unprecedented growth and innovation in the DeFi sector.

    Morpho’s strategic expansion and the introduction of user-centric features position it well to harness the potential of the Base network, setting the stage for a new era in decentralized finance.

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  • Animoca Brands “comes to Bitcoin” with OPAL Protocol

    Animoca Brands “comes to Bitcoin” with OPAL Protocol

    • Animoca Brands says Bitcoin is ready for Web3.
    • The blockchain gaming giant will collaborate with Darewise and OPAL Protocol to launch a new era for gaming, DeFi and Web3 on BTC.
    • BLIF, a new token of the OPAL Protocol, will power the ecosystem.

    Animoca Brands, a leading blockchain gaming company with a huge presence across the market, has announced its entry into the Bitcoin ecosystem.

    The Hong Kong-based company’s huge announcement came via a post on X on Tuesday.

    Among other details, Animoca Brands said it “is coming to Bitcoin” and that the pioneer blockchain network is “ready for Web3.”

    In this quest to dominate the new era of Bitcoin gaming, Animoca Brands is tapping into the OPAL Protocol, a new ecosystem on Bitcoin that’s powered by the BLIF token.

    BLIF will be the OPAL Protocol Runes token, powering a true digital life on Bitcoin and beyond,” the company noted on X.

    Animoca Brands portfolio companies ready to join project

    Animoca Brands and metaverse company Darewise back OPAL Protocol and are poised to collaborate to make this “the largest Web3 ecosystem” built on Bitcoin.

    The project will encompass gaming, entertainment, decentralised finance (DeFi), education and culture, according to details the Animoca team shared on Tuesday.

    Already, six Animoca Brands portfolio companies have reportedly joined the initiative as genesis members. They include AAA massively multiplayer online (MMO) game Life Beyond, digital collectibles platform Magic Eden, Bitcoin Web3 wallet Xverse and developer platform Horizen Labs.

    In addition, Animoca plans to partner with OPAL on all of its upcoming Bitcoin-based projects.

    Animoca Brands’ vision for the #openmetaverse harnesses the power of network effects and this truly resonates with the OPAL Protocol, a truly decentralized Foundation with a Special Council. Any company eager to join the movement can apply to become a member of OPAL and build with $BLIF,” the announcement on X reads.

    Members of the special council include Animoca Brands’ Yat Siu, BRC-20 creator Domo and Darewise CEO Ben Charbit. Others are Leah Wald, Herve Larren and David Bailey.



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  • Crypto market gains momentum led by Bitcoin & RebelSatoshi despite Aurory Protocol security breach

    Crypto market gains momentum led by Bitcoin & RebelSatoshi despite Aurory Protocol security breach

    In the fast-paced world of cryptocurrencies, Aurory, a gaming platform on the Solana blockchain, recently faced a significant security breach

    Meanwhile, the broader crypto market is gaining momentum, with Bitcoin and RebelSatoshi leading the charge. Let’s dive into these contrasting scenarios and see why they’re grabbing headlines.

    Aurory Protocol’s Security Breach

    Aurory, a notable gaming platform on the Solana blockchain, experienced a serious cyber attack. The platform’s AURY-USDC liquidity pool was hit hard, with approximately 80% of its assets compromised. This breach is a stark reminder of the security challenges that blockchain platforms face. The Aurory team, however, deserves credit for their quick response. They swiftly disabled the SyncSpace feature, a crucial move to halt further unauthorized transactions and protect the remaining funds and NFT assets.

    The attack was executed by exploiting vulnerabilities in the SyncSpace bridge connected to Camelot’s DEX on the Arbitrum network, leading to the unauthorized withdrawal of around 600,000 $AURY tokens. These tokens were then sold on the Arbitrum platform, causing a 20% drop in AURY token’s market value. However, the team’s strategic buyback of tokens helped stabilize the market and avert a more drastic devaluation.

    Bitcoin: steady and strong

    While Aurory navigates through its challenges, Bitcoin continues to strengthen its position as a top crypto to buy. It’s the bellwether of the crypto market, often setting the tone for the industry’s overall health. 

    Bitcoin’s resilience and potential for steady growth make it a favourite among investors, both seasoned and new. Its ability to weather various market storms has further solidified its status as one of the best crypto investments out there.

    RebelSatoshi: the rising Memecoin

    On the other side of the crypto spectrum is RebelSatoshi, quickly emerging as the best meme coin in the market. 

    Currently, in the midst of its Citizens Round 3 phase of the presale, RebelSatoshi has already seen significant success. With over 83K $RBLZ tokens sold, amounting to over $1,000,000, it’s clear that RebelSatoshi is more than just another memecoin; it’s a movement.

    Why RebelSatoshi is catching everyone’s eye

    RebelSatoshi is turning heads not just for its memecoin status but for its potential as a serious investment. It combines the fun and community spirit of memecoins with real growth prospects. 

    For those looking for altcoins to buy, RebelSatoshi offers an exciting blend of entertainment and investment potential, making it one of the top altcoins in the market.

    The RebelSatoshi presale

    The RebelSatoshi presale is where the action is. The success of the presale is a clear indicator of the crypto community’s growing interest and confidence in RebelSatoshi.

    For savvy investors looking for the next big thing in the memecoin space, the RebelSatoshi presale represents a golden opportunity.

    Conclusion: a market of contrasts and opportunities

    The crypto market is full of contrasts and opportunities. As Aurory works to recover from its security breach, Bitcoin and RebelSatoshi continue to gain momentum, each in its own unique way. 

    Bitcoin remains a solid investment choice, while RebelSatoshi offers a fresh and exciting opportunity for those looking to diversify their portfolio with a meme coin that has serious potential. Keep an eye on these developments, as they continue to shape the ever-evolving landscape of the cryptocurrency market.

    For the latest updates and more information, be sure to visit the official Rebel Satoshi Presale Website or contact Rebel Red via Telegram

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  • Crypto token outlook this week: Vertex Protocol (VRTX)

    Crypto token outlook this week: Vertex Protocol (VRTX)

    A Trader Watches Market Performance On Mobile Phone
    • Vertex Protocol (VRTX), the decentralised exchange (DEX) on Arbitrum, is seeing increased volumes for spot and perpetuals.
    • VRTX price was 33% up in 24 hours, hitting $0.44 and 89% up from $0.22 on November 22.
    • Total value locked (TVL) has reached $32 million.

    Most altcoins are trading at near year-to-date highs after mirroring Bitcoin’s march to its highest price in 18 months – the spike to above $38k.

    With the overall market outlook remaining bullish, analysts are pointing to a potential upward continuation for BTC.

    Here is what to know about Vertex Protocol (VRTX) going into next week.

    Vertex (VRTX)

    The Vertex Protocol is a decentralized exchange (DEX) on Arbitrum that offers spot, perpetuals and money markets. The hybrid orderbook-automated money maker DEX has seen increased volume in the past few days, with its 24 hour trading volume surpassing dYdX as top volume DEX for perpetuals.

    Vertex Protocol TVL and price

    With users incentivized via the recently launched Arbitrum (ARB) incentives program, trading volumes are likely to continue surging. The ARB incentives week 2 saw over 210,000 ARB tokens distributed to traders last week.

    The claim for the tokens is live, adding to the incentive that earn traders VRTX via the Vertex Protocol’s Trade & Earn program. Users are thus poised to earn rewards on trading fees, with a maximum of 75% of taker fees. VRTX liquid staking allows holders to stake VRTX to generate voVRTX and earn rewards.

    According to DeFiLlama, a total of $32 million has been staked on the Vertex chain, with $566 million in derivatives volumes recorded in the past 24 hours. 

    VRTX is currently listed on crypto exchanges such as Bybit, Bitget, and Gate.io. Data from CoinGecko shows the VRTX price is up 34% in the past 24 hours and reached a high of $0.44. VRTX/USD is currently trading at $0.42, up 89% from its lows of $0.22 on November 22.



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  • WINR Protocol price jumps 37%- here are the key network developments

    WINR Protocol price jumps 37%- here are the key network developments

    • WINR Protocol taps double-digit gains today, up 22% at the time of writing.
    • Gains of nearly 60% in the past month have come amid key network developments.
    • The protocol recently burned 70 million WINR tokens and launched the first on-chain 1000x Bitcoin (BTC) and Ethereum (ETH) futures.

    WINR Protocol, a decentralised iGaming infrastructure platform powered by the WINR token, has seen significant market traction in the past week. Today, the price of the protocol’s native token jumped more than 22% in 24 hours to hit its highest price level since August.

    WINR was trading around $0.05 at the time of writing, up 37% this past week and nearly +60% in the past 30 days. The token was however 57% down since its all-time high above $0.11 reached on March 21 this year.

    The recent gains have come amid a series of major developments for the platform. Is this why WINR price has been rising? Let’s have a look.

    Why is WINR Protocol price rising?

    Cryptocurrencies saw a massive spike in volatility early this week, with mega cap altcoins catapulted to key levels after Bitcoin’s increase to $35,000. This outlook could have aided WINR bulls.

    However, the altcoin appears to have been boosted by the platform’s several development milestones. Earlier this month, the protocol burned 70 million WINR tokens, permanently removing 7% of its maximum supply from circulation. 

    Last week, the Arbitrum community voted to allow the Arbitrum Foundation grant WINR 462,000 ARB to incentivize developer activity.

    These were then followed by this week’s release of the first on-chain 1000x Bitcoin (BTC) and Ethereum (ETH) futures.  The WINR Chain also announced on October 26 that its team was looking at becoming the “go-to execution layer for decentralized iGaming.”

    With the WINR Game Engine, game providers can build their game logic on smart contracts and seamlessly integrate data with existing UIs,” the platform wrote in an announcement on X.



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  • Is Domini, NEAR Protocol, or $BNB the Next 10x Investment Opportunity?

    Is Domini, NEAR Protocol, or $BNB the Next 10x Investment Opportunity?

    As investors seek the next big crypto breakthrough, three contenders have emerged: Domini.art, NEAR Protocol, and Binance’s $BNB. Each presents a unique value proposition, from bridging the gap between art and finance to revolutionizing decentralized applications and benefiting from the robust Binance ecosystem. In this article, we’ll explore these options to help you navigate the exciting terrain of crypto investments.

    Why $BNB stands out as a top contender

    $BNB, the native cryptocurrency of the Binance platform, presents a compelling investment opportunity for several reasons. Firstly, Binance is the world’s largest and most reputable cryptocurrency exchange, providing a secure and liquid environment for $BNB trading.

    Additionally, $BNB offers multiple use cases within the Binance ecosystem. It can be used to pay trading fees, participate in token sales, and access various DeFi services on the Binance Smart Chain.

    The growth of Binance’s ecosystem and its expanding utility for $BNB holders make it a promising long-term investment. Furthermore, $BNB has a history of strong price performance, attracting both traders and investors seeking potential returns in the dynamic cryptocurrency market. Despite Binance’s ongoing troubles with the SEC, predictions of its doom have proven time and again to be wrong. Binance was recently granted a license to do business in Dubai, adding to its legitimacy and staying power.  

    Domini Is Where Art Meets Finance 

    Art investment has historically been the domain of the privileged few, but $DOMI is changing this narrative. Through fractional ownership, investors can acquire shares of prestigious artworks, forging a path towards diversification and accessibility.

    $DOMI doesn’t just offer a platform; it offers a transformative journey through the old and the new. This inventive marketplace fuses traditional art and blockchain technology, effectively shattering the barriers that have long separated these two worlds.

    The heart of $DOMI lies in its dedicated NFT marketplace, where investors can explore ownership stakes of various artworks. This marketplace ensures not only liquidity and transparency but also a fair trading environment for fractionalized blue-chip art. Domini.art’s NFT marketplace offers a variety of options. From coolest NFTs to trending NFTs, the platform presents a range of choices for NFTs to buy now. Investors looking for the best NFT to invest in can explore the marketplace and be part of the community that’s reshaping the art and crypto landscape.

    The platform offers an accessible way to invest in high-end art through blockchain technology, making it a great beginner cryptocurrency option. For those wondering about which crypto to buy today for long-term investment, $DOMI’s unique fusion of art and blockchain could be a compelling choice.

    Visit Domini.art Presale

    So how about NEAR?

    Near Protocol ($NEAR) presents an enticing investment opportunity for several compelling reasons. Firstly, NEAR Protocol is designed to be developer-friendly, offering a scalable and secure platform for decentralized applications (DApps). Its focus on usability and simplicity has the potential to attract a broad developer community, driving innovation within the $NEAR ecosystem.

    The ongoing development and upgrades within the $NEAR ecosystem, combined with its commitment to scalability and interoperability, make NEAR Protocol a promising long-term investment option in the rapidly evolving world of blockchain and cryptocurrencies.

    Conclusion

    As the crypto market continues to offer diverse opportunities, the choice between $DOMI, NEAR Protocol, and $BNB presents a tantalizing challenge. $BNB stands strong with its historical performance and integration within the Binance ecosystem. Domini brings art and finance closer, democratizing art investment. NEAR Protocol, with its developer-friendly approach, hints at a promising future. The quest for the next 10x investment is ever-enticing, and these contenders offer intriguing paths to explore.

    For Info about $DOMI, visit Domini.art Presale or Join the Community.

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