With less than a month left before the BTC halving, the price of BTC has returned to above US$70,000. Although funds in the ETF market have fluctuated, they have recently turned to net inflows again. Dominated by various factors, the crypto market has once again focused its attention on the Bitcoin ecosystem, which has been dormant for more than half a year. With the continuous implementation of various Layer 2 solutions, it is bound to once again become the focus of mainstream vision inside and outside the market due to new changes and the influx of mainstream funds.
The number of protocols currently focusing on the Bitcoin Layer2 field has exceeded 20, and in the newly launched BEVM protocol in March, new BTCFi changes have appeared. Satoshi Protocol is a US dollar stable currency based on the BTC network. The project falls into this category, and at the same time, the project also lurks an opportunity, an opportunity to unlock the trillion-dollar liquidity market of BTC.
Satoshi Protocol has launched the mainnet together with BEVM. It is foreseeable that since the project is still in its early stages, there is a high probability that there will be many new actions after the mainnet is launched. Given that Bitcoin Layer 2 is a popular track in the next stage of the market, it has become a general consensus, and since BTC accounts for more than half of the market share, the ceiling is extremely high, so Satoshi Protocol, which is committed to the establishment of BTCFi and a new US dollar stable currency, deserves further attention.
Currently, Satoshi Protocol has attracted a lot of attention in the industry. As the first CDP (collateralized lending) model protocol deployed on the popular network BEVM, it is committed to creating a stablecoin ecosystem based on BTC assets. The project has completed a seed round of financing, which was supported by Web3Port Foundation, Waterdrip Capital and other parties. At the same time, the project has also received support from various background books and platforms.
BEVM official foundation supports the early investment and support of Satoshi Protocol. The relationship between the two parties is relatively close. The launch of Satoshi Protocol on the main network this time is the first batch of key projects of BEVM.
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