$1.7M boost for Bitcoin DeFi

Sats Terminal, a pioneering Bitcoin-native (CRYPTO:BTC) decentralised finance (DeFi) aggregation protocol, has secured $1.7 million in pre-seed funding from prominent investors including Coinbase Ventures and Draper Associates.

This strategic investment aims to streamline the fragmented Bitcoin DeFi ecosystem by consolidating decentralised exchanges, bridges, and yield protocols into a single user-friendly interface.

"Bitcoin blocks are empty because Bitcoin isn’t accessible enough. Sats Terminal is changing this — making it simple to trade Runes, buy Bitcoin, borrow against it and more, directly on mainnet,” said Rishabh Java, Co-Founder & CTO of Sats Terminal.

The funding round also saw participation from Draper Dragon, BitcoinFi Accelerator, and several angel investors, highlighting the platform's potential to address ecosystem fragmentation and improve user accessibility.

Tim Draper of Draper Associates noted that Sats Terminal could “unleash Bitcoin’s true power” by aggregating liquidity across the Bitcoin ecosystem.

Sats Terminal's core features include a decentralised exchange (DEX) aggregator, cross-chain bridging solutions, and a staking aggregator with auto-compounding rewards, all designed to simplify Bitcoin DeFi activities like staking and token swaps.

The new capital will be used to enhance the platform's infrastructure, expand integrations, and develop improved order-splitting algorithms and auto-compounding yield features.

By integrating with Runes projects and being live on platforms like Liquidium and Xverse, Sats Terminal aims to drive liquidity and user engagement across partner networks.

This investment marks a significant step in the growing interest in non-Ethereum (CRYPTO:ETH) DeFi tools, as institutional backing for Bitcoin-focused projects continues to rise.

At the time of reporting, the Bitcoin (BTC) price was $76,494.56.