BTCFi Alpha File #01
TVL in the BTCFi ecosystem surged 543% YoY, from $987M on July 1, 2024 to $6.35B today.
And this wasn’t a wave driven by airdrop meta or fleeting narrative hype.
It’s the result of deep infrastructure:
> Timestamp finality
> LST abstraction
> Modular security layers
These aren’t just built for Bitcoin, they’re built into it.
Under the hood? A stack of protocols solving structural limits of Bitcoin’s base design.
This is Bitcoin, re-architected for DeFi.
◢ Here are my top BTCFi protocol picks:
1️⃣ @babylonlabs_io
TVL: $4.8B
Narrative: Bitcoin-native restaking.
Babylon enables self-custodial $BTC staking using timestamp proofs. $BTC stays on L1, but secures PoS chains and earns $BABY rewards.
Why It’s Unique:
• No bridges or wrapped $BTC
• Native restaking using Bitcoin’s consensus
• 80% of BTCFi TVL flows through it
Babylon made BTC restaking trustless and composable.
2️⃣ @Lombard_Finance
TVL: $1.63B
Narrative: Liquid staking + yield vaults.
Built atop Babylon, Lombard issues $LBTC and deploys it across DeFi strategies (@Morpholabs, @pendle_fi, and DEXs) via vaults on chains like Ethereum, Sui, and Berachain.
Why It’s Unique:
• Unlocks liquidity for staked $BTC
• Integrates with real yield markets
• Cross-chain from day one
Lombard turns $BTC into productive, composable capital.
3️⃣ @SolvProtocol
TVL: $461M
Narrative: Cross-chain BTC liquidity abstraction.
Solv introduces $SolvBTC and SolvBTC.LSTs, which can be staked across @babylonlabs_io, @eigenlayer, and @symbioticfi. The Staking Abstraction Layer (SAL) coordinates validator routing, LST issuance, and yield flows.
Why It’s Unique:
• Dual-reserve $BTC architecture
• SAL abstracts staking infrastructure
• Interoperable by default
Solv builds the abstraction layer Ethereum’s $BTC bridges never had.
4️⃣ @b14g_network
TVL: $182M
Narrative: Modular restaking with dual-token security.
Users stake both BTC and the b14g token, aligning incentives and allowing protocols to plug into customizable restaking layers.
Why It’s Unique:
• Dual-token model reduces sell pressure
• Modular security design
• Sustainable tokenomics from inception
b14g expands the BTCFi design surface with restaking flexibility.
✍️ My Take
BTCFi isn’t chasing Ethereum’s composability arms race.
It’s custody-first, trust-minimized, and structurally sound.
Each of these five protocols unlocks a key piece of financial functionality:
• Babylon → self-custodial restaking
• Lombard → cross-chain DeFi for $BTC
• Solv → liquidity abstraction & LST routing
• b14g → modular restaking rails for appchains
Bitcoin isn’t just hard money anymore.
It’s evolving into a full-stack economic system, slowly, securely, and irreversibly.
PS: I didn't include $CORE because it's a chain on its own. But still one of my favorites.
9.85K
63
Core DAO 🔶
How do we feel about the new Core style? 🔥
16.75K
551
Core DAO 🔶
AI-powered DeFi is already live on Core. 🤖
Core ranks in the top 10 chains for AI dapps, according to @DappRadar.
19.73K
506
Core DAO 🔶
The Core rebrand is here. 🎨
A new style, designed to match the quality of what we’re building.
Explore the updated main site + a brand-new institutional home:
🌐
🏛
53.89K
545
Yieldus Maximus (Ben)
ASX NFT holders will be able to automate their yield strategies sooner than we think.
Some examples:
1) Tell the @VaulterBTC AI agent to auto stake your monthly $ASX revenue for compound returns (currently paying 37% APR)
2) Convert the monthly $ASX airdrop in $Core and stake it.
3) Convert $ASX into $BTC and stake it.
4) Convert monthly revenue to $USDT and lend it.
Those are just a few examples of the numerous yield strategies that will come with this @asx_capital @VaultLayer partnership.
Unlocking RWA yield and boosting with BTC backed strategies will become automatic.
ASX
We are excited to announce a formal partnership with @VaultLayer!
With this partnership, holders will be able to utilize VaultLayer's @VaulterBTC AI Agent to run automated yield strategies, boosting yield returns and integrating RWAfi with BTCfi in a way that is only possible on Core!
Additionally, ASX NFT holders will be able to borrow against their assets in the VaultLayer P2P lending network.
The current price of Core is ₺21.1093. Over the last 24 hours, Core has increased by +7.06%. It currently has a circulating supply of 1,004,812,418 CORE and a maximum supply of 2,100,000,000 CORE, giving it a fully diluted market cap of ₺21.26B. At present, Core holds the 78 position in market cap rankings. The Core/TRY price is updated in real-time.
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When most people think about cryptocurrency they first think of its monetary and technological capabilities. After all, Bitcoin was created to replace the traditional monetary system. However, crypto has now become an industry that revolves around the community and decentralization.
Of course, the monetary and technological aspects are still the core of the crypto industry, however, the idea of community and inclusivity has become a crucial component. This is best reflected in Core DAO (CORE).
What is Core DAO (CORE)?
Core DAO (CORE) is a project built as an L1 blockchain. It is Ethereum Virtual Machine (EVM) compatible, meaning that it can run ETH smart contracts and decentralized apps (dApps). The Core network is powered by a unique consensus mechanism called Satoshi Plus. The mechanism’s purpose is to secure the network by combining Bitcoin’s mining hash and Delegated Proof of Stake (DPoS).
The developers wish to create an infrastructure that would operate at the core of Web3. This is a young project that launched in January 2023. It is completely decentralized and run by its DAO, which is responsible for the development of Satoshi Plus.
The Core DAO project team
Based on the official Core Dao accounts, the project was created by a global team of contributors — all of which have decided to remain anonymous — who share a vision of creating for a better Web3, the team plan to do this by establishing protocol rules ensuring the ecosystem’s growth on top of the decentralized Satoshi Plus consensus.
How does Core DAO work?
Core DAO revolves around Satoshi Plus, which validates transactions and secures the network. It was created to combine the best aspects of Bitcoin and Ethereum to produce a blockchain that doesn't compromise on Security, Decentralization, and Composability. Core offers the composability of the EVM chain. This ensures that developers have conditions for managing smart contracts and dApps. Through the creation of dApps, they bring value to the ecosystem and in turn — receive rewards.
CORE: Core DAO’s native token
CORE is the native cryptocurrency of Core DAO, and it was launched in early February 2023. The project created a max supply of 2.1 billion CORE tokens. The project’s total supply is also 2.1 billion units. However, its circulating supply sits at 7.07 percent of the total supply. As of July 2023, only 148.38 million CORE tokens are available on the market.
CORE token use cases
CORE is the native cryptocurrency of Core DAO, meaning that it is used to power the network. It serves as a governance token and can be used for staking. It also powers the project’s smart contracts and decentralized applications. Of course, like any other cryptocurrency, it is also used for trading and investing.
Core DAO (CORE) token Distribution
The allocation of Core DAO tokens (CORE) was distributed as follows:
39.995 percent was allocated to node mining.
25.029 percent was distributed to Core users.
15 percent was designated for contributors.
10 percent was reserved for future use.
0.476 percent was utilized for relayer rewards.
9.5 percent was earmarked for the treasury.
Core DAO: The core community project of Web3
Core DAO has created use cases for its project and token, but its main purpose is to connect the people. It does this by offering rewards for quality dApps, ensuring that developers would create them. With dApps to offer, the project can expect more users to join and connect with one another. This web of users is what it is after — a strong community with its own user base. As such, they would understand and power Web3 and help bring others to it.
Number of posts mentioning a token in the last 24h. This can help gauge the level of interest surrounding this token.
Contributors
Number of individuals posting about a token in the last 24h. A higher number of contributors can suggest improved token performance.
Interactions
Sum of socially-driven online engagement in the last 24h, such as likes, comments, and reposts. High engagement levels can indicate strong interest in a token.
Sentiment
Percentage score reflecting post sentiment in the last 24h. A high percentage score correlates with positive sentiment and can indicate improved market performance.
Volume rank
Volume refers to post volume in the last 24h. A higher volume ranking reflects a token’s favored position relative to other tokens.
In the last 24 hours, there have been 10K new posts about Core, driven by 7.4K contributors, and total online engagement reached 198M social interactions. The sentiment score for Core currently stands at 84%. Compared to all cryptocurrencies, post volume for Core currently ranks at --. Keep an eye on changes to social metrics as they can be key indicators of the influence and reach of Core.
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Posts
9,991
Contributors
7,432
Interactions
197,930,162
Sentiment
84%
Volume rank
--
X
Posts
1,435
Interactions
11,748,321
Sentiment
74%
Core FAQ
What is Core DAO (CORE)
Core is an L1 blockchain that combines the composability of an EVM chain and the decentralization and security of Bitcoin. It features a native token called CORE, which powers its network.
Benefits of using Core DAO (CORE)
Core DAO intends to become the biggest community network of Web3. The bigger its community, the more dApps and other products and solutions will have to offer. Meanwhile, the more it has to offer, the more people will join the community.
Where can I buy CORE tokens?
You can buy CORE tokens on a number of different spot trading markets. One example is the OKX TR crypto exchange, which offers CORE/USDT pairs. In addition, it has a COREUSDT pair for perpetual swaps and margin trading.
If you wish to purchase USDT with fiat currencies, OKX TR has an “Express Buy” option that comes in handy. The platform also lets you use the Convert feature to convert your excess holdings to CORE. Alternatively, if you want to convert CORE into fiat, you can use the OKX TR crypto calculator to check the conversion rates.
How much is 1 Core worth today?
Currently, one Core is worth ₺21.1093. For answers and insight into Core's price action, you're in the right place. Explore the latest Core charts and trade responsibly with OKX TR.
What is cryptocurrency?
Cryptocurrencies, such as Core, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX TR and their different attributes, which includes live prices and real-time charts.
When was cryptocurrency invented?
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as Core have been created as well.
Watch this video to learn about what happens when you move your money to a crypto exchange.
Disclaimer
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