
请叫我 MaiK|Jul 01, 2025 02:17
0.5% of the total token amount will be given to Yapper's Chinese and Korean sections
Two rounds of massive $42.5 million financing for Coinbase, OKX led project @ PortaltoBitcoin - belonging to BTCFi infrastructure type
Industry pain points aimed at addressing
Traditional cross chain solutions suffer from liquidity fragmentation, packaging asset risks (due to WBTC custody vulnerabilities), and high costs. Portal, through atomic exchange technology, allows users to directly participate in PoS staking cross chain transactions using native BTC without the need for synthetic tokens or third-party intermediaries
Simply put, by using it to achieve anonymous cross chain DEX, zero knowledge transactions can eliminate the risks associated with minting package tokens (wBTC, wETH) or collaborating with intermediaries
Although the investment amount is quite good, the coin price PORTAL of this project has been continuously declining, and the current circulating market value is only $17.5 million, which is completely insufficient to offset the financing amount 😂, This is a project that once launched Binance Launchpool
My observation summary:
It represents the infrastructure innovation for the development of Bitcoin DeFi. If the concept of BTC ecological DeFi can gradually emerge, this project still has hope and may reshape the paradigm of cross chain transactions
However, the project needs to overcome the triple challenges of market hot and cold cycles, technological stability, and token valuation pressure. The long-term success or failure depends on whether Bitcoin can truly become a "multi chain settlement layer", rather than just narrative speculation
Share To
Timeline
HotFlash
APP
X
Telegram
CopyLink