Bitcoin platform registers $800 million in trading volume within the first 24 hours, introduces Bitcoin-Solana cross-chain exchanges pioneering technology.

In a significant step forward for blockchain interoperability, the custody-less interoperability protocol, Portal to Bitcoin, has gone live on Solana, marking the first mainnet Layer 1 (L1) integration for native BTC cross-chain swaps. This groundbreaking move paves the way for direct, non-custodial mainnet transactions, such as a Bitcoin-to-Solana swap, between two blockchains.

Conceived by a team of veteran Bitcoin and AI engineers, Portal to Bitcoin (previously known as Portal DeFi) is dedicated to delivering trust-minimized, self-custodial trading between Bitcoin and other networks. The protocol's core infrastructure is powered by a cross-chain automated market maker (AMM) and BitScaler, a scalability layer designed to accelerate atomic swaps while keeping fees low and settlement on-chain.

This launch strengthens the thesis that traders want and need native settlement across chains without compromising on security. Chandra Duggirala, CEO & Chairman of Tides Network and a core contributor to Portal to Bitcoin, expressed this sentiment, stating, "The launch strengthens the thesis that traders want and need native settlement across chains without giving up their keys."

The first day of operation saw substantial trading volume, with spot markets accounting for approximately $54 million in activity. The Protocol to Bitcoin's native token, $PTB, recorded over $800 million in combined trading volume across spot and derivatives markets within the first 24 hours of launch, demonstrating a strong demand for the protocol and its mission.

The bulk of additional trading volume came from futures activity on Binance Alpha and other exchanges. These technologies enable centralized exchange (CEX)-level execution while preserving user control of funds from initiation to finality, and removing critical points of failure.

The Solana Explorer now provides on-chain provenance for the verification of Bitcoin-anchored swap transactions processed via the Portal Wallet and decentralized exchange (DEX). This marks the first time a non-custodial mainnet Bitcoin-to-Solana swap has been processed directly between two blockchains via the Portal Wallet and DEX.

Portal to Bitcoin is primarily developed and financed by a Bitcoin-focused startup that secured $50 million led by Paloma Investments. The aim is to establish Bitcoin as a native settlement layer for tokenized markets using their BitScaler adapter technology for native Bitcoin cross-chain scalability without custodial bridges.

As of the time of writing, CoinMarketCap reports a live PTB price of $0.04197 USD with a 24-hour trading volume of approximately $800 million USD. The success of Portal to Bitcoin on Solana is a testament to the growing demand for fast, low-cost atomic swaps between native Bitcoin assets and L2s, L1s, without requiring bridging or wrapping, thereby empowering financial self-sovereignty.