Satoshi Protocol’s 2024 Recap: Key Achievements and What’s Next

2024 has been a transformative year for Satoshi Protocol, marked by significant milestones in product launches, partnerships, and ecosystem growth.

Here’s a look back at some of the key highlights that defined our journey this year.

Highlights of 2024

Binance Wallet Airdrop Campaign

The Binance Wallet Airdrop Campaign was a standout success. This campaign marked Binance Wallet's first integration with a Bitcoin-backed stablecoin and attracted over 170,000 participants, with 500,000 OSHI tokens distributed.

Additionally, we collaborated with Bybit Wallet, engaging over 11,000 participants, followed by Bitget Wallet, which attracted 122,000 participants who minted satUSD and earned rewards.

#1 in BOB & BEVM Community Rankings

Satoshi Protocol achieved incredible success in the BOB community voting, ranking #1 seven times. During these events, we allocated and distributed a total of 668M BOB Spice directly to our loyal voters, showcasing our commitment to rewarding community participation.

Additionally, Satoshi Protocol ranked #1 multiple times in the BEVM Visionary Builders (BVB) program, further solidifying our leadership within the BTCFi ecosystem.

Reached 23M+ in Total Value Locked (TVL)

As of Dec 20, 2024, we have surpassed $23 million in Total Value Locked (TVL), highlighting the continued growth and trust in our platform.

20+ satUSD Integrations

We achieved significant milestones in expanding the utility of satUSD across the DeFi landscape. With 20+ ecosystem integrations, users now have access to a variety of use cases that enhance the flexibility and value of satUSD.

Key integrations include:

Support BTC LST as collateral: Users can mint satUSD using over 10 BTC LSTs, such as SolvBTC, LBTC, uBTC, and more.
Stability Pool Deposits: Deposit satUSD to earn discounted collaterals.
Liquidity Provision: Provide liquidity on DEXs like Sovryn, Oku, Macaron, and Glowswap.
satUSD Restaking: Restake satUSD on Pell to earn AVS services revenue rewards.
Lending Protocols: Lend satUSD on platforms such as Segment Finance and Blend.
Rewards Programs: Participate in various reward integrations, including BOB Spice, Satoshi Gold, Pell Points, and Solv Points.

These integrations showcase the versatility of satUSD, empowering users with multiple ways to engage and benefit within the Satoshi Protocol ecosystem.

Milestones Breakdown

Q1: Establishing the Foundation

Feb 24 : Satoshi Protocol launched on BEVM testnet
Mar 28: Satoshi Protocol Launched on BEVM Mainnet

Q2: Expanding Ecosystem and Recognition

April 4: Launched Binance Wallet Airdrop Campaign
April 10: Featured on Cointelegraph
April 23: Reached $1,500,000 TVL
May 8: Won Bitcoin Devcon Prize

Q3: Scaling the Network and Partnerships

June 10 : Launched on Bitlayer
June 28: Introduced by Binance Research
July 9: Completed $2M Seed Round Funding
July 27: Launched on BOB Mainnet
Sep 22: Introduced satUSD at Token2049

Q4: Reaching New Milestones

Nov 26: Launched satUSD Staking on Pell Network
Dec 3: New Interface Update
Dec 6: Ranked #1 with 18B Votes in BOB Community Voting
Dec 10: Launched Satoshi on B² Network
Dec 15: Reached 23M+ in Total Value Locked (TVL)

Community Growth

Satoshi Protocol’s community has seen tremendous growth, with over 223K unique addresses on-chain, reflecting widespread adoption. This growth is matched by strong engagement across social media, where we’ve built a vibrant presence. With 145K+ Twitter followers, 56K+ members on Telegram, and 60K+ members on Discord, our community continues to expand, showcasing our engaged and growing community.

Ecosystem Growth

Our ecosystem has grown significantly, now supporting 4 networks and 12 collaterals for minting satUSD, providing users with greater flexibility and opportunity. We’ve also partnered with leading wallets like Binance, OKX, Bybit, and Bitget for seamless integration. Our ecosystem now includes 6 DEXs such as Oku, Sovryn, and Glowswap, and lending platforms like Segment Finance, Layerbank, and Blend, broadening the opportunities for users to engage with DeFi.

What’s Next? Satoshi Protocol’s Next Chapter

As we move forward, Satoshi Protocol is gearing up for transformative developments. We have big plans in the works that will unlock new yield opportunities, enhance capital scalability, and make Bitcoin more accessible, and usable. Here’s what you can expect in the near future:

Expanding to New Chains

We’re planning to bring Satoshi Protocol to more chains, including Hemi, Corn, and CoreDAO. This expansion will make our protocol more accessible, unlocking new opportunities for yield and enhancing capital scalability within DeFi, all while extending our reach across a broader range of ecosystems.

More satUSD Integrations

We’re committed to making satUSD the stablecoin of choice for the Bitcoin ecosystem by integrating it into more platforms. We’re working on more partnerships with DEXs and lending protocols to grow the use cases for satUSD and make it a middleware to access BTCFi for our community.

App v2 : satUSD Staking & Smart Vault

We’re excited to introduce satUSD+, a yield-bearing token designed for staking satUSD. This staking initiative opens up more opportunities for our community to grow their holdings while staying within the security of the Bitcoin ecosystem.

We’re also developing Smart Vault, which allows users to stake their BTC and BTC LST to earn yield, enhancing capital scalability and making Bitcoin more accessible and usable for DeFi participation.

2025 TGE – A Milestone to Watch

The first half of 2025 will bring one of our biggest milestones yet—the Token Generation Event (TGE). This will be a key moment for us, and we can’t wait to see how it will shape the future of Satoshi Protocol.

Looking Ahead

As we wrap up a successful year, we extend our gratitude to our community, partners, and supporters. With exciting developments in the pipeline, 2025 promises even greater opportunities for innovation and growth. Stay tuned for more updates as we continue to build the future of BTCFi together.

Thank you for being part of our journey!

About Satoshi protocol

Satoshi Protocol is the first Bitcoin Finance Network powered by satUSD, a Bitcoin-backed stablecoin. Mint satUSD with BTC as collateral across the Bitcoin Mainnet and L1s/L2s.

Our Vision

We are building the Bitcoin Finance Network—a middleware connecting Bitcoin with the broader blockchain ecosystem, seamlessly unlocking its full potential in lending, trading, restaking, and payments. Through the bitcoin-backed stablecoin satUSD, we transform Bitcoin from a simple store of value into a versatile financial asset while preserving its core identity.

By leveraging Bitcoin's unparalleled liquidity and security, we aim to unlock new opportunities for yield, enhance capital scalability within DeFi, and provide a robust framework for managing risk.

Our mission is to build the infrastructure that brings the benefits of decentralization to everyone, making Bitcoin more accessible, scalable, and secure without compromising its essence.

Satoshi Protocol is more than a product—it’s a movement to redefine Bitcoin's role in the global financial ecosystem, enabling users and developers to explore new possibilities for the future of decentralized finance.

Empowering bitcoin for all!

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