Today, we’re excited to share a key milestone in the evolution of the SatLayer Protocol – the launch of the SatLayer Foundation.

Since its inception in August 2024, the SatLayer Protocol has been laying the groundwork for a new financial system built on Bitcoin. To do so, SatLayer redefines restaking by introducing it to the Bitcoin ecosystem – and unlocking revenue-generating use cases with leading applications and infrastructure protocols, while tapping into the crypto-economic security and liquidity of Bitcoin through SatLayer’s Bitcoin Validated Services (“BVSs”) framework.

The success of the SatLayer Protocol thus far is reflected in its metrics, recently hitting highs across:

• TVL

• Lifetime no. of unique users

• Lifetime no. of transactions

• Partnerships with leading L1s, applications, and protocols including Plume, Cap, Primus, Hyperlane, Redstone, Avail, GAIB, Berachain, Babylon, and Sui

The launch of the SatLayer Foundation is an exciting milestone for the SatLayer Protocol. The SatLayer Foundation will be an independent organization exclusively dedicated to the development and adoption of the SatLayer Protocol – and will engage in the governance, ecosystem development, and marketing of the SatLayer Protocol going forward in its next phase of growth.

For more information on the SatLayer Protocol, visit our whitepaper here.

To continue following updates about the SatLayer Foundation, you can do so at https://x.com/satlayerFDN and at https://satlayer.foundation.