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It's a bit overwhelming~~
Are the projects all rushing for the TGE in August?
888 is it? Do foreigners care about this too?
No more nonsense, I have noticed that many signs recently suggest:
@PortaltoBitcoin's TGE is coming soon.
As a native Bitcoin layer, Portal aims to build a custody-free and bridge-free cross-chain infrastructure.
In simple terms, it wants Bitcoin to participate in DeFi activities such as DEX, lending, and synthetic assets just like Ethereum.
Users do not need to transfer BTC to other chains, but can directly "move" on top of Bitcoin.
Its underlying technology uses Bitcoin's Lightning Network and Layer 2 scaling technology to achieve low-cost, instant, and interoperable transactions. The core vision is to create a decentralized, trustless third-party, yet still efficient cross-chain financial network.
You can see how impressive he is by looking at his efficiency:
📊 Handles over 400,000 transactions during peak hours
💸 Average Gas fee is below $0.01
✅ The transaction failure rate is actually less than 0.1%
Portal solves several longstanding "difficult" problems that have plagued the Bitcoin ecosystem:
⛓ Is the risk of traditional cross-chain bridges too high? It uses the native mechanism of Bitcoin + the Lightning Network to achieve trustless transactions without the need for a third party.
🌀 Poor scalability and interaction experience? It creates a lightweight DEX architecture that is ready to use through an independent Layer 2.
💰 Can Bitcoin only lie flat? Now you can participate in liquidity, lending, and even stablecoin issuance.
The entire protocol architecture is not only user-friendly for end users but also highly attractive to developers: Portal provides an open API and development framework, and in the future will support multi-chain assets entering the BTC Layer 2 ecosystem, creating a true Bitcoin DeFi universe.
In a nutshell, Portal is not about "binding Bitcoin", but about activating Bitcoin.
The next round of narratives for Bitcoin may very well ferment from here.
@KaitoAI
#PortaltoBitcoin