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May 2024 Symbiosis digest: BTC swaps return, TRON hits $24M

From our May 2024 digest: why native BTC swaps returned to the Symbiosis bridge, how TRON climbed to $24M in volume, and which WebApp tweaks made routing faster.

Updates

May 2024 Symbiosis digest: BTC swaps return, TRON hits $24M

Numbers

Proven performance

+ chains

Supported Networks

+ chains

Supported Networks

years

On the Market

years

On the Market

sec

Average Bridge Time

sec

Average Bridge Time

$B

Total Volume

$B

Total Volume

TL;DR

Key takeaways

01

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Native BTC swaps are back via THORChain, letting users move into Bitcoin from 25+ supported networks in one transaction.

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WebApp Exchange page now shows dollar value, estimated swap time, contract address, and lets users favorite assets.

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TRON volume on Symbiosis jumped from $5.2M in Q4 2023 to $24.3M in Q2 2024, a 467% growth.

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The DAO vote in May 2024 approved adding Sei v2, a Layer 1 with Parallelized EVM, via the Symbiosis Snapshot page.

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05

During Scroll Sessions Zero in 2024, users who swapped or bridged to Scroll Mainnet through Symbiosis earned Scroll marks.

5 minute reading

Updates

Two weeks of Symbiosis highlights

Another two weeks have passed at Symbiosis! As we continue to navigate through an ever-evolving market landscape, our team's commitment to keeping you informed remains steadfast.

This time Symbiosis had exciting updates, key collaborations, and market insights that highlight the dynamic nature of our industry.


Let’s delve into the digest and reflect on the new features and exclusive insights we published these two weeks to stay ahead and connected

Updates and new features at Symbiosis

Enabling back swap to Bitcoin

Thanks to THORChain, we have fully brought back the swaps to BTC. From now on, users can exchange any supported assets from more than 25 blockchain networks to Bitcoin via one transaction.

There is a great complete guide on how to swap your preferred tokens to BTC - learn more about seamless swaps to BTC here.

New look for Symbiosis WebApp

There’s always space for improvement - we rolled out the new hot features to our Exchange page at Symbiosis WebApp. The terms and overall process of your swap or bridge operation now looks more detailed and fresh:

  • When you choose an asset to swap, you can now see the dollar value calculation;

  • There’s no more need to predict the time of your exchange as the estimated time of the swap is now displayed in the Estimated Time field;

  • Additionally, you can extract the contract address for the chosen token and even add the asset to your favorite ones. Let’s spend less time and perform manual actions!

Check our thread on Twitter/X telling more about each of these updates and where to find them!

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Swap USDT to BTC

Move TRON USDT into native Bitcoin in one cross-chain transaction.

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Swap USDT to BTC

Move TRON USDT into native Bitcoin in one cross-chain transaction.

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Swap USDT to BTC

Move TRON USDT into native Bitcoin in one cross-chain transaction.

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Swap USDT to BTC

Move TRON USDT into native Bitcoin in one cross-chain transaction.

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Swap TRON USDT to native BTC

Non-custodial routing between EVM and non-EVM networks.

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Swap TRON USDT to native BTC

Non-custodial routing between EVM and non-EVM networks.

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Bridge across chains without KYC

Non-custodial routing between EVM and non-EVM networks.

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Bridge across chains without KYC

Non-custodial routing between EVM and non-EVM networks.

FAQs

Got questions?

Still have questions? Contact us and we’ll help you out.

01

How can I swap tokens to BTC on Symbiosis?

Symbiosis brought back native BTC swaps through THORChain. Users can exchange supported assets from more than 25 blockchain networks to Bitcoin in a single transaction via the Symbiosis WebApp.

02

How many networks does Symbiosis support for BTC swaps?

Symbiosis supports BTC swaps from more than 25 blockchain networks. Any supported asset can be exchanged to Bitcoin via one transaction thanks to the THORChain integration.

03

What new features were added to the Symbiosis WebApp?

The Exchange page now shows the dollar value of chosen assets, displays an Estimated Time field for each swap, lets users extract the contract address of a token, and allows adding assets to favorites.

04

How much TRON swap volume does Symbiosis handle?

TRON volume on Symbiosis grew from about $5.2M in Q4 2023 to $24.3M in Q2 2024, more than 467% growth. TRON is one of the supported blockchains on the Symbiosis WebApp.

05

Can I earn zkLink Nova Points by swapping via Symbiosis?

During May 2024, the Aggregation Parade campaign from zkLink Nova was running, letting users earn additional Nova Points when they swapped to zkLink Nova through Symbiosis. The campaign has since ended.

06

Is Symbiosis launching on TON?

Symbiosis received a TON grant and was mentioned in a TON blog article in 2024. TON Bridge v1 has since launched, enabling swap and bridge operations on TON via the Symbiosis WebApp.

07

Did the Symbiosis DAO vote to add Sei v2?

In May 2024, Symbiosis launched a DAO vote on adding Sei v2, a Layer 1 network with Parallelized EVM support. The community voted on the proposal, with results published on the Symbiosis Snapshot page.

08

Do Symbiosis bridges qualify for Scroll Sessions marks?

Yes. During Scroll Sessions Zero in 2024, users who swapped or bridged to Scroll Mainnet via Symbiosis could earn Scroll marks. Symbiosis bridges were confirmed eligible for receiving points during that period.

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