Bitcoin Ecosystem Highlights #1
April was a monumental month for the Bitcoin DeFi (BTCFi) ecosystem — a wave of launches, integrations, and experiments that moved us closer to a world where Bitcoin becomes a truly programmable financial layer.
April was a monumental month for the Bitcoin DeFi (BTCFi) ecosystem — a wave of launches, integrations, and experiments that moved us closer to a world where Bitcoin becomes a truly programmable financial layer.
Here's a quick look at what unfolded:
Core Launches
Babylon Genesis Mainnet is Live
Babylon Genesis is Live: Secured by Bitcoin to Unite the Decentralized World
— Babylon (@babylonlabs_io) April 10, 2025
Babylon Genesis, the world’s first L1 blockchain secured by Bitcoin, officially launches today.
This launch cements the Babylon Bitcoin staking protocol as the foundational infrastructure layer for… pic.twitter.com/tPXa8npbWH
Babylon launched its Genesis Mainnet along with the $BABY token, officially activating Bitcoin staking for the BTCFi ecosystem.
SatLayer Launches Cube
₿m! Introducing Cube by SatLayer 🟨
— SatLayer 🟨🧊 (@satlayer) April 11, 2025
The first liquid staking protocol for BABY @babylonlabs_io is here!
Stake BABY, get cBABY — a liquid staking token that:
🟨 Earns staking rewards
🟨 Can be restaked to secure BVS + earn extra rewards
🟨 Unlocks DeFi utility for even more… pic.twitter.com/nAbqMCWdzf
The first liquid staking + restaking solution for $BABY is now live! The inaugural DEX use case for cBABY, the liquid staking token for BABY, is also here: the cBABY/BABY liquidity pool on Tower.
IBC Eureka Bridges BTC
IBC Eureka is LIVE!
— Cosmos - The Interchain ⚛️ (@cosmos) April 10, 2025
→ Transfers faster than Ethereum finality
→ Send from Ethereum for as low as $1
→ 1-click experience that supports your favorite wallet
Starting with Ethereum, @cosmoshub, @babylonlabs_io, Cosmos chains,
and soon, IBC everywhere🧵 pic.twitter.com/CLoNaR8zrD
Cosmos unveiled IBC Eureka, connecting Bitcoin to both Ethereum and Cosmos ecosystems for seamless multi-chain DeFi.
Ecosystem Innovation & Expansion
- Bitcoin Legacy Project by Unchained: With multi-million-dollar funding, this initiative supports developers and educators working to grow BTCFi’s reach.
- 1 BTC Quantum Challenge from Project Eleven: Offering a full Bitcoin to anyone who can break a Bitcoin key with quantum computing — highlighting the urgent need for post-quantum security.
- Bitcoin Intents from Spicenet: Intent-based architecture is coming to BTCFi.
- Bima Mainnet Alpha is live: Bima introduces $USBD — a BTC-backed stablecoin in alpha testing.
- LBTC SDK by Lombard Finance: Dev-friendly SDK now lets wallets, exchanges, and staking platforms offer Bitcoin staking directly to users.
- $BANK by LorenzoProtocol now live
- Union connects Babylon to the broader ecosystem: Union launched as an interoperability layer for Babylon, enabling BTC to flow into new DeFi use cases.
- RedStone Bolt unveiled: RedStone’s fastest oracle yet brings ultra-low latency data feeds to BTCFi — ideal for real-time applications.
Wrapping Up the Month
This past month was about unlocking new primitives, building bridges (literally), and laying down the foundations for the next generation of Bitcoin DeFi.
Big things ahead. Till next time!