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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
Numbers
Proven performance
TL;DR
Key takeaways
Native BTC swaps are back via THORChain, letting users move into Bitcoin from 25+ supported networks in one transaction.
WebApp Exchange page now shows dollar value, estimated swap time, contract address, and lets users favorite assets.
TRON volume on Symbiosis jumped from $5.2M in Q4 2023 to $24.3M in Q2 2024, a 467% growth.
The DAO vote in May 2024 approved adding Sei v2, a Layer 1 with Parallelized EVM, via the Symbiosis Snapshot page.
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!
Tron and Symbiosis - new milestones for swaps on Tron
Recently, we shared some interesting statistics on the supported blockchain at Symbiosis WebApp - TRON.
Since Q4 2023 the volume of exchanged funds via TRON at Symbiosis skyrocketed from the equivalent of $5.2 M to the breakthrough of $24.3 M in Q2 2024. It resulted in more than 467% growth!
Check the stats in our Twitter/X post right here.
Collabs and campaigns
zkLink x Symbiosis
Since the Aggregation Parade campaign from zkLink Nova still goes on, there’s a great opportunity to earn additional Nova Points while swapping to zkLink Nova via Symbiosis. Learn more about the rules and read the full guide in our Blog Post dedicated to the campaign!
TON is coming to Symbiosis
As TON grant recipient, Symbiosis was mentioned in the Blog Article with an explanation of the project that our team is working on. The launch of the cross-chain protocol on TON to activate seamless swap and bridge operation on the blockchain is inevitable and is coming soon!
Voting on the new network - Sei v2
Symbiosis launched the DAO voting on adding Sei v2 - a Layer 1 blockchain network with the support of Parallelized EVM. The community has spoken, check the results in the Symbiosis Snapshot page.
Scroll sessions x Symbiosis
Good news for Scroll community members! Every user that swaps and bridges to Scroll Mainnet can earn Scroll marks within the Session Zero period - one of the seasons in Scroll Sessions. It has been confirmed that Symbiosis bridges open access to receiving points.
AMA with StealthEX
StealthEX kindly provided us with a recap of an exclusive AMA session with Nick Avramov - the co-founder of Symbiosis. Go read it, because we talked not only about general stuff like liquidity capturing, challenges from CEXes and our ultimate goals as the cross-chain protocol. Check it out!
Stay informed and updated
Our team has prepared lots of new features and amazing collaborations for the upcoming summer. Don’t forget to check out our Socials and look closely at the announcements we publish in our channels!
Board Member
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.
Learn more
Bridge guide
Swap any amount cross-chain on Symbiosis
Small swaps used to get blocked by minimums. Here's what changed under the hood, why tiny amounts now go through, and how the Symbiosis bridge handles your swap from start to finish.
Read article
Bridge TON to other chains with Symbiosis
Moving USDT to TON or pulling Toncoin out to another chain? Here's how the bridge on TON routes any-to-any swaps, which networks are live, and what to expect on fees.
Read article
Bitcoin testnet bridge: swap BTC to EVM & back
Native BTC finally moves across chains without wrapped tokens. We'll walk through how the signet and testnet routes work, why atomic swaps matter here, and how to convert WBTC to BTC during testing.
Read article
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