Bitcoin 
Ethereum 
Tether 
BNB 
XRP 
USDC 
Solana 
TRON 
Lido Staked Ether 
Figure Heloc 
Dogecoin 
WhiteBIT Coin 
USDS 
Cardano 
Bitcoin Cash 
Wrapped stETH 
Hyperliquid 
LEO Token 
Wrapped Bitcoin 
Monero 
Binance Bridged USDT (BNB Smart Chain) 
Chainlink 
Wrapped Beacon ETH 
Ethena USDe 
Canton 
Stellar 
Wrapped eETH 
USD1 
Dai 
sUSDS 
Rain 
Litecoin 
Avalanche 
Coinbase Wrapped BTC 
PayPal USD 
Hedera 
Sui 
WETH 
Shiba Inu 
Zcash 
Toncoin 
USDT0 
Cronos 
World Liberty Financial 
Tether Gold 
MemeCore 
Mantle 
PAX Gold 
Uniswap 
Ethena Staked USDe 
Polkadot 
Circle USYC 
Bittensor 
OKB 
BlackRock USD Institutional Digital Liquidity Fund 
Pi Network 
Global Dollar 
Falcon USD 
Aster 
NEAR Protocol 
Aave 
Sky 
syrupUSDC 
Ripple USD 
Bitget Token 
HTX DAO 
Internet Computer 
Pepe 
BFUSD 
Ondo US Dollar Yield 
Ethereum Classic 
Ondo 
Pump.fun 
Gate 
Superstate Short Duration U.S. Government Securities Fund (USTB) 
KuCoin 
Worldcoin 
Jupiter Perpetuals Liquidity Provider Token 
Morpho 
POL (ex-MATIC) 
Spiko EU T-Bills Money Market Fund 
Cosmos Hub 
Jito Staked SOL 
Official Trump 
Render 
Kelp DAO Restaked ETH 
Ethena 
NEXO 
Binance-Peg WETH 
Midnight 
Rocket Pool ETH 
USDtb 
Kaspa 
Binance Bridged USDC (BNB Smart Chain) 
Algorand 
Janus Henderson Anemoy Treasury Fund 
Wrapped BNB 
USDD 
Function FBTC 
Flare 
Aptos 
OUSG 
Provenance Blockchain 
Filecoin 
syrupUSDT 
XDC Network 
Beldex 
VeChain 
Binance Staked SOL 
Stable 
Arbitrum 
YLDS 
GHO 
Usual USD 
Jupiter 
Polygon Bridged USDC (Polygon PoS) 
Bonk 
Solv Protocol BTC 
TrueUSD 
Lombard Staked BTC 
A7A5 
JUST 
Fasttoken 
clBTC 
Virtuals Protocol 
PancakeSwap 
Decred 
Stacks 
Pudgy Penguins 
EURC 
StakeWise Staked ETH 
Sei 
River 
Kinetiq Staked HYPE 
tBTC 
Siren 
Janus Henderson Anemoy AAA CLO Fund 
WrappedM by M0 
Dash 
Kite 
Ether.fi 
Tezos 
LayerZero 
Chiliz 
c8ntinuum 
Artificial Superintelligence Alliance 
Mantle Staked Ether 
Kinesis Gold 
First Digital USD 
Polygon PoS Bridged DAI (Polygon POS) 
pippin 
Resolv wstUSR 
USX 
COCA 
ADI 
Gnosis 
Curve DAO 
Liquid Staked ETH 
AINFT 
Arbitrum Bridged WBTC (Arbitrum One) 
USDai 
BitTorrent 
PRIME 
Sun Token 
Wrapped Flare 
Kaia 
Celestia 
L2 Standard Bridged WETH (Base) 
Bitcoin SV 
Steakhouse USDC Morpho Vault 
Maple Finance 
Injective 
Aerodrome Finance 
DoubleZero 
Venice Token 
Binance-Peg XRP 
Conflux 
Ether.Fi Liquid ETH 
FLOKI 
Renzo Restaked ETH 
Pyth Network 
SPX6900 
sBTC 
JasmyCoin 
Lighter 
Legacy Frax Dollar 
Jupiter Staked SOL 
Story 
Savings USDD 
IOTA 
Olympus 
Official FO 
Marinade Staked SOL 
crvUSD 
Arbitrum Bridged WETH (Arbitrum One) 
BTSE Token 
Optimism 
The Graph 
Lido DAO 
Staked Aave 
Elastos, a project looking to turn Bitcoin into a more fruitful base for decentralized finance (DeFi), has raised $20 million towards that goal.
Elastos, a decentralized infrastructure provider, aims to scale its Bitcoin DeFi protocol BeL2 as a utility layer for the world’s original blockchain.
The firm has raised $20 million from private investment company Rollman Management, with which it plans to expand its merge-mined ELA token as a Bitcoin reserve asset, Elastos told CoinDesk in an email on Thursday.
Merge mining is the process of mining two or more cryptocurrencies simultaneously.
BeL2 is built to allow bitcoin holders to collateralize BTC in their wallets and access Ethereum smart contract services, such as minting stablecoins and peer-to-peer borrowing.
Elastos is one of a large number of projects looking to capitalize on the roughly $2 trillion stored in bitcoin by building DeFi services that BTC’s deep wells can fund.
DeFi requires liquidity and security, both of which Bitcoin can provide with a stronger track record than any other blockchain. However, historically, the network has lacked the utility for DeFi projects to be able to harness it, which is what Elastos and others are aiming to address.
