Newsletter: The Summer of Bitcoin
$2 Billion TTV, ALEX Roadmap, Self-Listing Services and more!
Dear Alexians,
The summer of Bitcoin is heating up with ALEX stronger ever! Just days ago we crossed a tremendous milestone with over $2 billion in TTV (total transaction volume). We’ve been busy across the Bitcoin ecosystem with XLink connected to more Bitcoin L2s than ever.
All this is occurring against a backdrop that’s immensely favorable for Bitcoin. Bitcoin ETFs continue to be a great success with eleven spot Bitcoin funds netting over $300M worth of net inflows on July 15. The U.S. has it first openly pro-crypto Presidential candidacy in Trump/Vance, with President Trump making crypto history by speaking at Bitcoin Nashville on July 27.
Add to this the one-two punch of Fed Chair Jerome Powell warning that U.S. fiscal policy’s is “unsustainable,” along with Blackrock’s Larry Fink calling Bitcoin digital gold, and a “legitimate” financial instrument to hedge against countries “debasing their currency.” ALEX continues to be the top DEX and financial ecosystem on Bitcoin, and with a massive speed improvement coming soon, we’re preparing for a new paradigm of Bitcoin DeFi with ALEX front and center.
ALEX Platform Roadmap: Enhancing Ecosystem Value and Utility
ALEX continues to hold its position as the largest DEX on Bitcoin. Our strategic Roadmap outlines a series of initiatives designed to bolster the overall ecosystem, enhance utility, align with Stacks’ upcoming Nakamoto upgrade and drive value for ALEX holders. For a detailed look at our upcoming plans please see our post.
Milestone: $2 Billion TTV
On July 15th we crossed a momentous milestone exceeding $2 billion in Total Transaction Volume on ALEX. This is a phenomenal achievement and we credit the support of our loyal community for making it possible. Together, let’s continuing making history on Bitcoin DeFi!
Introducing LISA DAO: Rule Based Governance for LISA
We’re thrilled to announce the LISA DAO, bringing true decentralization to liquid staking on Bitcoin. Our new DAO structure ensures every proposal and change is managed by the community, empowering users and promoting transparency.
Enjoy fluid access to staked assets such as $STX and $ALEX while earning rewards. Learn more about our DAO architecture and innovative approach here, co-authored by CoinFabrik. With a dedicated community, LISA DAO fosters a secure, user-driven platform that eliminates single points of control.
Build Using the ALEX SDK
The future of development is here. The ALEX AMM SDK unlocks the full potential of the biggest DEX on Bitcoin. We’re inviting all builders to join us in engineering the most exciting ecosystem on Bitcoin! For more information see our Github.
In fact, using the ALEX SDK, the first ever trading bot on the Stack chain is live — XBot! With Xbot experience faster and easier trading, taking just seconds to set up, and designed for real-time market insights. Trade here.
Launch of Self-Listing Services on ALEX
ALEX introduces the first self-service token listing platform on the Bitcoin ecosystem, making the process more accessible and affordable. Get started with self listing. For assistance see our step-by-step guide.
This feature enables projects, including meme coins, to quickly and efficiently list their tokens using ALEX’s comprehensive infrastructure, which includes our AMM DEX and other advanced tools. Simplify your token launch with ALEX and join the diverse range of projects entering the Bitcoin ecosystem, driving broader adoption and engagement in BTCFi.
How To List Your Token on ALEX
xBTX/xUSD Integration into aBTC/sUSDT
Exciting news! ALEX and Wrapped.com have integrated xBTC and xUSD into aBTC and sUSDT, boosting speed and performance. We advise users to migrate their tokens 1:1 within 30 days to get started with BTCFI. The migration can be done on the ALEX app or on XLink. For further details on the integration, please see this article.
XLink’s Record Breaking Summer
XLink has been on fire; just this summer it has achieved over $215M Total Volume and over $64M TVL. This incredible growth is driven by users across BTC L1, L2s, Bitcoin-Based Assets & dApps.
With a new community campaign page featuring yield farming across BTC L2s, XLink continues pushing the frontier to further boost & aggregate liquidity in the Bitcoin ecosystem, linking: Bitcoin, Stacks, B Squared, CoreDAO, BOB, Bitlayer, Lorenzo, Merlin and AILayer with more to come.
XLink’s mission is unlocking secure Bitcoin utility across multiple blockchains through its omnichain liquidity network. If all roads lead to Bitcoin and all roads on Bitcoin lead to L2s, XLink is where those roads converge.
Runes Bridge Live
The Runes Bridge is live on XLink. The Runes bridge enhances trading and improves IDOs by enabling seamless token transfers. The Runes bridge serves to boost the growth and adoption of Runes within the ALEX ecosystem. Users can now bridge many of the top tokens between Runes Bridge <>SIP-10 Tokens on Stacks. Try it out.
Introducing LISA DAO: Rule Based Governance for LISA
We’re thrilled to announce the LISA DAO, bringing true decentralization to liquid staking on Bitcoin. Our new DAO structure ensures every proposal and change is managed by the community, empowering users and promoting transparency.
Enjoy fluid access to staked assets such as $STX and $ALEX while earning rewards. Learn more about our DAO architecture and innovative approach here, co-authored by CoinFabrik. With a dedicated community, LISA DAO fosters a secure, user-driven platform that eliminates single points of control.
LiALEX is Live
LiALEX is the upgraded version of atALEX, now able to leverage the power of liquid staking. LiALEX provides additional utility that goes beyond traditional staking, enabling holders to earn LISA points so they can receive the dual benefits of both liquidity and staking yields.
LiALEX allows holders to maximize their returns as they can wrap LiALEX to vLiALEX to bridge across L2s. By doing so they earn XLink points, receive L2 ecosystems rewards as well as the ALEX staking yield, on L2s including CoreDAO, BOB, B Squared and Bitlayer.
To stake with LiALEX see our staking page. To better understand the difference between LiALEX and vLiALEX see our post. To learn more about LiALEX see our Medium.
In Closing
All the progress made so far is just a prelude to what we will achieve once the Nakamoto upgrade is live. Imagine, that we’ve already done over $2 billion in volume with 15–30 minute transaction times — now speed that up 100x!
Once the Nakamoto release is instantiated say goodbye to slow Stacks blocks, Stacks forks, missed sortitions, ineffective microblocks, cheap reorgs and poorly-connected miners. The ALEX UX will dramatically improve with fast block speeds, resulting in greater user activity, user retention and user experience.
This future is coming into focus as Nakamoto is already code complete ahead of schedule. Adding confidence and reducing uncertainty, the SEC has dropped its 3 year investigation into Stacks. All the pieces are falling to place and finance on Bitcoin will be forever transformed, with ALEX writing the future line by line in code. Onward to new horizons!
Best Regards,
The ALEX Lab Foundation
