Native Bitcoin Bridge, ZK Listing, $11+ million TVL, New Campaigns - Symbiosis Digest (10.06 - 23.06)

Two weeks have passed since we published our last Symbiosis Digest, and things around got quite busy - we announced several features coming to our WebApp including the Native Bitcoin Bridge, SIS staking on Linea Network and many others.

Here’s a complete recap of what happened at the Symbiosis ecosystem in the past two weeks 🐙

Ongoing Campaigns at Symbiosis: Earn Token Rewards while using WebApp

While there’s time for Symbiotes to receive additional benefits, we invite you to discover the current campaigns we host with the following blockchain networks:

Mantle MNT Incentives

Swapping cross-chain to Mantle at Symbiosis comes with the special rewards that you can get in MNT tokens! Join the campaign, swap from the equivalent of $50 and grab incentives up to 6,5 MNT.

Arbitrum ARB Incentives

Additional motivation to enter the cross-chain world of Symbiosis and Arbitrum is on the line! Previously we launched the incentives campaign on Arbitrum to grant active Symbiotes and users of this blockchain network to cut the costs and earn ARB tokens.

The terms are simple - each time you swap your funds ($50 or more) to Arbitrum, you receive ARB tokens! The size of the rewards depends on the amount of assets to exchange where you can get up to 5 ARB for the cross-chain swaps. 

Learn more about the ARB Incentives campaign in our full F.A.Q. right here.

Trailblazers Campaign: Symbiosis x Taiko 

In a collaboration with several bridges (including Symbiosis) Taiko launched Trailblazers Journey to grant most active users with special XP-points while swapping to Taiko via Symbiosis WebApp

Get all details at the campaign page.

Blast Exploration: Symbiosis x Nomis

Nomis - onchain Identity Protocol - rolled out Blast Exploration campaign on its Quest platform. Time to earn points for the Symbiosis community by accessing Symbiosis Nexus planet and completing easy on-chain and social tasks.

Swap to Blast L2 via Symbiosis WebApp and collect Special Points to solve the quest of Blast Solar System! Enter the quest here.

Symbiosis Milestones: Astronomical Growth and New Achievements

In the past two weeks we were proud to announce several milestones and highlight the continuous scale of Symbiosis. Some of the numbers were ATH 👀

$2 Billion Volume at Symbiosis

On 11th of June Symbiosis WebApp reached the volume of $2 billion processed funds. This is the ATH mark for Symbiosis and a big signal of trust that Symbiotes and our users display. Let’s go above and beyond!

+517,8% Cross-Chain Growth

One of the most used words in this Digest is definitely “Growth”. No doubt why it’s like that - Symbiosis hit the TVL of $11+ million and +517,8% growth cross-chain with some of the networks achieving over 600% increase in the usage!

More info can be found in the Milestones and Achievements article.

437 Unique Swap Routes

Recently we published a research on the exclusivity of the routes between the networks that are available among most popular bridge cross-chain protocols and found over 400 unique exchange routes at Symbiosis.

The recent research compared Symbiosis with other cross-chain protocols like deBridge and Wormhole, revealing exclusive support for networks such as TRON and Rootstock. Symbiosis uniquely enables swaps involving Bitcoin and supports cross-chain ETH swaps from ZKsync to other networks.

Leading in the selected group, we plan to increase this number by onboarding more blockchains to Symbiosis WebApp and expanding the pairs’ availability on the existing ones. More on that - below 👇

New Networks and Features at Symbiosis: veSIS Expansions, DAO Votings, Bitcoin Bridge in Testnet

Symbiosis’ team has been quite occupied with deploying and introducing the additions to the WebApp and SIS ecosystem. Let’s get a look at these features:

BTC-EVM-BTC Native Bridge - Testnet Launch

We’re almost at the finish line of enabling native Bitcoin swaps to and from EVM-compatible blockchains. This development aims to facilitate seamless cross-chain transactions, connecting Bitcoin to over 30 blockchain networks, and is set to offer a cost-effective and secure method for transferring BTC across different networks.

Why it’s crucial for the current state of DeFi and what exactly we bring to the table - all you can find in the Bitcoin Testnet blog post. 

SIS Staking on Linea - unlocking veSIS on New Network

veSIS - the staked version of SIS token - is now available on Linea Network. By providing liquidity to the Symbiosis protocol, Symbiotes enjoy staking rewards, up to 60% cross-chain fee deduction and many other perks. 

If you’re not familiar with SIS and veSIS in the Symbiosis ecosystem, it’s your time to make up and learn more about Symbiosis Rewards. 

ZK Token Listing at Symbiosis

There’s no need to get into the details on the ZK token from ZKsync and the airdrop that took place earlier. ZK is available for cross-chain swaps across 30+ blockchain networks at Symbiosis WebApp.

It’s your decision whether to hold it or exchange - we’re one-click away from you 🙂

Upcoming Blockchain Networks to Symbiosis Protocol

The Symbiosis DAO has spoken and voted on the two ecosystem matters - Cronos EVM and ZetaChain integrations to the protocol. The results are positive, so it may arrive any time soon. Stay tuned!

Join Symbiotes and Enter Symbiosis Community

And that’s a wrap! What a week, huh? With this speed of the crypto market and our team more amazing things will arrive at Symbiosis extremely soon.

Don’t miss any news on Symbiosis WebApp, the protocol and SIS token - join Telegram and Discord communities to learn about new features first.

Important Links:

• Symbiosis WebApp

• Symbiosis Docs

• Symbiosis X/Twitter