Bitcoin 
Ethereum 
Tether 
XRP 
BNB 
USDC 
Solana 
TRON 
Lido Staked Ether 
Figure Heloc 
Dogecoin 
USDS 
WhiteBIT Coin 
LEO Token 
Cardano 
Wrapped stETH 
Bitcoin Cash 
Hyperliquid 
Wrapped Bitcoin 
Chainlink 
Binance Bridged USDT (BNB Smart Chain) 
Ethena USDe 
Wrapped Beacon ETH 
Monero 
Stellar 
Canton 
Wrapped eETH 
MemeCore 
Dai 
sUSDS 
USD1 
Litecoin 
PayPal USD 
Coinbase Wrapped BTC 
Zcash 
Avalanche 
Hedera 
WETH 
Rain 
Shiba Inu 
Sui 
USDT0 
Toncoin 
World Liberty Financial 
Bittensor 
Cronos 
Circle USYC 
Tether Gold 
PAX Gold 
Ethena Staked USDe 
BlackRock USD Institutional Digital Liquidity Fund 
Mantle 
Polkadot 
Uniswap 
Global Dollar 
Pi Network 
Falcon USD 
Sky 
OKB 
Aster 
Little Pepe 
HTX DAO 
syrupUSDC 
NEAR Protocol 
USDD 
Aave 
Pepe 
Ripple USD 
Bitget Token 
BFUSD 
Ondo US Dollar Yield 
Ethereum Classic 
Internet Computer 
Ondo 
Janus Henderson Anemoy Treasury Fund 
Gate 
Quant 
KuCoin 
Jupiter Perpetuals Liquidity Provider Token 
Algorand 
Superstate Short Duration U.S. Government Securities Fund (USTB) 
Render 
POL (ex-MATIC) 
Pump.fun 
Jito Staked SOL 
Spiko EU T-Bills Money Market Fund 
USDtb 
Kelp DAO Restaked ETH 
NEXO 
Worldcoin 
Binance-Peg WETH 
Cosmos Hub 
Rocket Pool ETH 
Kaspa 
Morpho 
Binance Bridged USDC (BNB Smart Chain) 
Midnight 
Ethena 
Wrapped BNB 
Aptos 
Function FBTC 
OUSG 
Official Trump 
Flare 
Filecoin 
YLDS 
syrupUSDT 
Beldex 
Provenance Blockchain 
VeChain 
Binance Staked SOL 
XDC Network 
Stable 
GHO 
Jupiter 
Usual USD 
Arbitrum 
NEW X CEO IS BACK 
Polygon Bridged USDC (Polygon PoS) 
JUST 
Solv Protocol BTC 
Artificial Superintelligence Alliance 
Lombard Staked BTC 
Bonk 
TrueUSD 
A7A5 
clBTC 
LayerZero 
PancakeSwap 
Virtuals Protocol 
EURC 
Chiliz 
Janus Henderson Anemoy AAA CLO Fund 
StakeWise Staked ETH 
First Digital USD 
Pudgy Penguins 
Kinetiq Staked HYPE 
tBTC 
Stacks 
DeXe 
WrappedM by M0 
edgeX 
Dash 
Tezos 
PRIME 
Sei 
c8ntinuum 
USX 
ADI 
Mantle Staked Ether 
Decred 
Ether.fi 
Polygon PoS Bridged DAI (Polygon POS) 
Kinesis Gold 
Resolv wstUSR 
AINFT 
COCA 
Sun Token 
Venice Token 
Doge Strategy 
Curve DAO 
Liquid Staked ETH 
Gnosis 
Arbitrum Bridged WBTC (Arbitrum One) 
BitTorrent 
USDai 
Bitcoin SV 
Monad 
Wrapped Flare 
Aerodrome Finance 
Kaia 
L2 Standard Bridged WETH (Base) 
Injective 
Steakhouse USDC Morpho Vault 
IOTA 
Legacy Frax Dollar 
Plasma 
Conflux 
Lido DAO 
Binance-Peg XRP 
Official FO 
Ether.Fi Liquid ETH 
Kinesis Silver 
Renzo Restaked ETH 
crvUSD 
DoubleZero 
Noon 
sBTC 
JasmyCoin 
Celestia 
The Graph 
Jupiter Staked SOL 
FLOKI 
Savings USDD 
Kite 
Olympus 
SPX6900 
Marinade Staked SOL 
Lighter 
Arbitrum Bridged WETH (Arbitrum One) 
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.
