<div>
  <p>
  </p>
  <ul>
    <li>
      <p>
        Sovryn, a Bitcoin-based lending protocol, has launched BitcoinOS, a series of Bitcoin rollups that enable token and asset trading directly on the Bitcoin blockchain.
      </p>
    </li>
    <li>
      <p>
        Designed as a layer-2 scaling solution for Bitcoin, BitcoinOS will enable developers to build on top of the underlying blockchain and connect decentralized applications to reduce reliance on federated bridges.&nbsp;
      </p>
    </li>
    <li>
      <p>
        <b>Analyst QuickTake:</b>
         This news adds to a growing trend of Bitcoin layer-2 projects exploring the use of smart contracts to expand the functionality of Bitcoin. The space has also seen a recent interest from investors over the last few months, with startups such as 
        <a href="https://sp-edge.com/updates/25486">
          Bitfinity
        </a>
        , a Bitcoin layer-2 network, 
        <a href="https://sp-edge.com/companies/3408375">
          raising USD 7 million
        </a>
         earlier this month, and 
        <a href="https://sp-edge.com/companies/1930376">
          Babylon
        </a>
        , a Bitcoin staking protocol, 
        <a href="https://sp-edge.com/updates/24745">
          raising USD 18 million
        </a>
         in December. Notably, these developments also coincide with the approval of a number of spot Bitcoin ETFs 
        <a href="https://techcrunch.com/2024/01/10/sec-approves-spot-bitcoin-etf/?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuYmluZy5jb20v&guce_referrer_sig=AQAAAEc6lY-s56zzYY3">
          earlier this month
        </a>
        .&nbsp;
      </p>
    </li>
  </ul>
  <p>
  </p>
</div>


<div>
  <p>
    <a href="https://www.globenewswire.com/news-release/2024/01/26/2818056/0/en/Sovryn-Introduces-BitcoinOS-Enabling-Developers-to-Build-on-Bitcoin.html">
      Press release
    </a>
  </p>
  <p>
  </p>
</div>


All Updates

Sovryn launches layer-2 infrastructure for Bitcoin

Sovryn loses USD 1.1 million in hack