Builders Are (Already) Building On Runes
Protocols like Runes show the power of creating strong, open foundations for builders
Hi Bitcoin Builders,
Happy Bitcoin Halving Week!
As supporters of Bitcoin Builders, we love to see what everyone is building via ecosystem maps. CoinMarketCap released this map of the Bitcoin Runes ecosystem.
Taking a step back, this ecosystem map shows what is possible when developers build open protocols (like Bitcoin, Bitcoin Layers, Runes, and more).
These open protocols give builders the freedom, foundation, and security to build applications, knowing they won’t get their access removed in the future (like a Web 2 API).
For example, the Runes ecosystem is already developing before Runes have even been released.
Bitcoin Layers
The Nakamoto update is coming to the Stacks network. This update is a significant milestone in the Stacks ecosystem — it will make Stacks faster and more secure.
Coindesk covered the upgrade: “The Nakamoto update will decouple block production from Bitcoin itself, solving the problem of network congestion Stacks has had since it launched its mainnet in 2021.”
Speaking of ecosystem maps, House of Chimera announced a Layer 2 Solutions maps. The map divides solutions into sidechains, rollups, state channels, and client-side validation. It also shares “EVM Compatibility” as a binary attribute.
Venture capitalists injected another $10.6M to support Bitcoin Builders. This funding round went to Alpen Labs, which aims to bring zero-knowledge proofs to Bitcoin. And we get to reuse our $10M graphic from three weeks ago 🎉
DLC.link minted the first dlcBTC. dlcBTC is a non-custodial representation of Bitcoin on the Ethereum blockchain.
Meta Protocols and Layer 1
Runes continue to dominate the Meta Protocol and Layer 1 narrative
Sovryn writes an excellent Runes overview
Bankless, one of the most popular Ethereum-focused podcasts, hosts Casey Rodamor to talk about Bitcoin and Runes
Liquidium and Luminex are partnering to offer Runes. Liquidium is an ordinal lending platform on the Bitcoin blockchain that enables peer-to-peer lending secured by digital inscriptions called Ordinals.