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L1 native tokens & DeFi ecosystem on BitcoinCash (BCH) has been growing since activating CashTokens in May '23
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In May '23 BitcoinCash (BCH) has activated CashTokens, network upgrade that extended TX output format with native tokens and, coupled with native introspection opcodes activated in '22, it allows creation of AMM DEXs, NFT marketplaces, DAOs etc. all straight on L1, giving our p2p electronic cash system many more uses while maintaining low fees.

see https://cashtokens.org/ for more details on the tech

Our DeFi UX is instantaneous thanks to unlimited 0-conf chains, and dapps are implementing WalletConnect to make things smooth and keep signing keys safe.

Some notable projects:

  • BCHBull (dot) com, frontend for AnyHedge contract ($4M TVL) - our first production dapp, derivatives contracts settled in BCH, can go leveraged long vs some other asset or "hedge" to peg the contract value to the other asset (for the duration of the contract).
  • Tapswap (dot) cash - NFT marketplace, UX is instantaneous thanks to 0-conf chains.
  • BCH (dot) guru - prediction market & NFT collection
  • cauldron (dot) quest - AMM FT DEX
  • paytaca wallet & token studio bitcats heroes NFT collection
  • cashonize (dot) com, new web wallet aimed at supporting CashTokens uses
  • ninjas (dot) cash, NFT collection open-source multi-threaded minting contract and tool ("shinobi art engine")
  • ... and more, it's already hard for me to keep track of all

On May 15th '23 it was just BCHBull. Now we're in the 10s.

and people thought we're dead

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Posted
8 months ago