Weekly recap (30 Aug – 6 Sept)
Key updates include BTC wrappers, security enhancements, product launches, and ecosystem growth metrics across Web3.
Infrastructure and Protocol Updates
1️⃣ BOB Gateway Expands BTC Wrappers and Stablecoin Routes
@build_on_bob has integrated more BTC wrappers and stablecoin routes, including SolvBTC, LBTC, RLUSD, and DAI. This update enhances refund efficiency for incomplete orders and strengthens security measures.
2️⃣ Rootstock Enhances Security with Parallel Transaction Execution
@RootstockLabs is testing Parallel Transaction Execution on their testnet, leveraging Bitcoin’s hashrate through merged mining. This is slated for inclusion in Cardamom 10.0.0, extending Bitcoin’s security to Rootstock.
3️⃣ Core Mainnet Hardfork v1.0.26 Launched
@CoreEcosystem has successfully launched a hardfork on their mainnet, addressing reward issuance issues, closing vulnerabilities, and burning over 150M CORE from the supply.
4️⃣ Alpend Protocol Upgrade
@alpend integrates multiparty hosting from Canton Loop and a Decentralization Manager from BitSafe Finance, all secured by a Halborn Security-audited codebase.
5️⃣ GOATNetwork Advances Post-Quantum Migration
@GOATNetwork continues its post-quantum migration with Ziren, the proof system under the GOAT BitVM3 bridge. They also published an explainer on SHRINCS, a draft signature scheme for Bitcoin’s post-quantum migration.
Product Launches and Partnerships
1️⃣ Avalon Labs Launches On-Chain Capital Markets
@Avalon_Labs is making Bitcoin holdings productive with the launch of on-chain capital markets, focusing on value movement and settlement infrastructure.
2️⃣ Zest Protocol’s Levered Bitcoin Staking Vault Goes Live
@ZestProtocol has launched a Levered Bitcoin Staking Vault, increasing its capacity to 20 BTC due to high demand, automating Bitcoin staking yield processes.
3️⃣ Stacks Bitcoin Staking Launch and Partnership Extension
@Stacks has launched Bitcoin Staking with the Genesis Bond and extended its partnership with @HashKeyCloud as a Bitcoin Staking launch partner. STX is now live on Bullish, expanding institutional access.
4️⃣ Hemi Introduces New Liquidity Farming Opportunities
@HemiFinance offers new farming opportunities across HEMI, VUSD, hemiBTC, WBTC, ETH, and USDC.e, with incentives in USDC.
5️⃣ FunctionBTC Partners with Bybit
@FunctionBTC collaborates with @Bybit_Official to provide BTC holders with secure and competitive yields.
Ecosystem Growth and Metrics
1️⃣ Stacks Ecosystem Overview
@tenero_io reports significant growth in the Stacks ecosystem with a DEX volume of $20.41M (+369% MoM), 1,284 active traders (+8% MoM), and 174,380 trades (+51% MoM).
2️⃣ Surge’s Taproot Vault Metrics
@SurgeProtocol reports that 21.14 BTC have moved through their non-custodial Taproot vaults, with 14.94 BTC locked, earning a 4.7% average supply APY for USDC Yield.
3️⃣ EtherFi's August Performance Metrics
@ether_fi reports staking over 158,662 ETH, a $5.23B TVL, and significant product launches, including tokenized stocks and metals trading, and a new @aave market on @Optimism.
4️⃣ MapProtocol August Monthly Report
@MapProtocol highlights upgrades to their Radar service, improvements in cross-chain crediting flow, and a $100.9M cross-chain volume over the last 30 days.
5️⃣ EtherFi Cash Transaction Milestone
@ether_fi has achieved 10,000,000 transactions with EtherFi Cash, marking a significant milestone in their operational metrics.
Stay informed and strategic. Keep an eye on infrastructure updates and leverage these new opportunities across the Bitcoin ecosystem. See you next week 🫡
