1/ New Projects

@Mage_Finance: The first Bitcoin lending infrastructure built on Merlin, consisting of two core components: Mage Protocol and Mage Chain. Mage Protocol is a decentralized, non-custodial, algorithm-driven money market using a hub-and-spoke model and interoperable with Mage Chain, allowing users to earn passive income and obtain instant loans with BTC assets. Mage Chain is the world's first Bitcoin L3 application chain, enhancing CeFi with unparalleled security through ZK proofs, decentralized CeFi ledgers, and interoperability with Mage Protocol.

@svpowergalaxry: A pioneering SRC-20 DePIN cross-chain inscription launched in collaboration between OpenStamp and Starpower, dedicated to integrating Solana with Bitcoin.

@TaprootChain: Developed by Taproot labs, the first BTC L2 designed for crypto applications, integrating Bitcoin, smart contracts, and Taproot Assets. A large-scale public Beta test will launch next week. Participants completing specified tasks will earn points as rewards, which can be exchanged for TaprootChain tokens.

BRC-104: A liquidity staking/restaking pool protocol that defines how to wrap assets into BRC100 protocol assets by staking BRC100, BRC20, and BTC assets, to participate in farming activities and continuously receive BRC-100 asset rewards. The BRC-104 protocol offers two staking methods: non-vault and vault mode. In non-vault mode, users can stake BRC-100 assets, BRC-20 assets, or BTC to receive BRC-100 wrapped assets. Users holding the wrapped assets can participate in yield farming and continue to receive BRC-100 assets as rewards. BRC-104 also introduces a rebase mechanism to ensure the equivalence of wrapped and staked assets. Users holding wrapped assets can redeem them to retrieve the original staked assets without restrictions.

@runeswords_btc: Rune Chain Games.

2/ New Technologies & Innovations

BRC-20 Burn and Enhancement Proposal: Domo has proposed BRC20-IP 1 to enhance the BRC-20 protocol, addressing current limitations and improving its functionality. Proposed changes include the introduction of a self-issuance mechanism, modifications to deployment inscriptions, adoption of 5-byte codes, and establishing consensus on methods for the destruction of BRC-20 assets. The arrival of stablecoin liquidity at the inscription level may be forthcoming.

3/ BTC Projects Updates & News

1/ Merlin has announced support for new assets, including Ordinals/BRC-420/Runestone. It also commits to providing 100% support for Runestone and the runes protocol, including cross-chain bridges, DEXs, indexers, minting services, and more incentives.

2/ Within less than 3 days of its airdrop, Runestone's trading volume surpassed 500 BTC, becoming the fastest-growing Ordinals series ever. As of March 17th, Runestone has become the top collection in Bitcoin by market value and the third-largest NFT collection globally.

3/ Xverse has launched the first rune minting application on its testnet, supporting one-click rune minting, tracking rune balances on the Xverse wallet, and sending and receiving runes using the Xverse wallet. Future updates will allow users to deploy their runes.

4/ JoyID Wallet has officially launched the first UTXO order book trading model-based Spore DOB Marketplace, with trading for the first DOBs asset—Unicorn Box—now open. Spore Digital Objects (DOBs) on Nervos CKB is a digital item creation protocol designed to generate Digital Objects on-chain by melting CKB, with the amount of melted CKB determining the on-chain storage space size for the Digital Object. Moreover, the protocol allows users to retrieve CKB by melting the Digital Objects.

5/ The Bitcoin ZK Rollup L2 solution, SatoshiVM, has announced the launch of $SAVM staking. Users can now cross-chain swap any asset on Ethereum for $SAVM. To stabilize the staking system, a minimum staking period of 14 days has been set. Unstaking within this minimum period could result in up to a 20% reduction of the original staked amount, decreasing linearly, along with the forfeiture of all accumulated BTC rewards. Additionally, increasing the staked amount will reset the minimum staking period but will not affect the amount of accumulated rewards.