The Satly L1 testnet phase was a major success! The chain ran smoothly from day one and gave us a clear picture of how people want to use Bitcoin as both gas and a transaction rail.
We are now shutting down this version of the L1 testnet so we can shift our full attention to the Satly app, which is powered by Bitcoin on Avalanche C-Chain.
All Bit Points accrual records have been safely preserved. Thank you to everyone who jumped in and helped us test what a Bitcoin powered blockchain could feel like.
A number of developers built on the chain and helped push its limits. Decentralized casino by @ferdyfishh and Cards404 by @smolrun drove meaningful usage and gave us great insight into how people interact with our vision.
Satly L1 highlights:
• Chain deployed in January 2025
• 10 Validators, 3 RPC nodes, Gasless faucet, block explorer, and builder hub.
• 600k transactions
• 100 percent uptime and transaction success
• 400 individual wallets with an average of 50 daily active users
• Fees generated: 4.733 Bitcoin
Founders @ExcelBaller and @ChrisFusillo are now focused on the next chapter. The Satly app is scheduled for mainnet early 2026 and represents the continuation of what we started on the testnet.
You can still visit the testnet version at satly.com, send Bitcoin via email, spin the wheel, and collect Bit Points.
Every bit of activity helps us refine the experience as we move toward a simple, fast, low cost way to send Bitcoin to anyone, anywhere.
Satly L1 dev doing his thing in the heart of Wyoming country. Check it out 👇
Satly retweeted
Soon this will all be happening with BTC.b on Avalanche with things like @SatlyBTC
Satly retweeted
Satly soon. We need you. 🫵
The Avalanche Ecosystem Showdown is HERE and Round 1 is starting NOW!
The community can vote on their favorite participating apps and L1s with $AVAX prizes for those that voted for the winning team!
The community will decide the winner. Every vote matters. 🔺
How to participate:
• Head over to @jokerace_io (link in 🧵)
• Vote on your favorites in each contest
• Cast your vote by clicking on the upvote icon.
Round 1 voting rules:
• You can vote as many times as your balance allows!
• Each vote costs 0.01 $AVAX and will increase every minute until reaching .05. This is to prevent Sybil attacks, incentivize early voting, and fund the reward pool.
All apps and L1s mentioned are participating — start voting 👇
Satly retweeted
"we're focusing on making the best payment rails experience" - @ExcelBaller of @SatlyBTC
Ep #70 is live! Email BTC Like Venmo? with @ExcelBaller from Satly.
"I want a grandma to be able to send her grandson BTC for his birthday. Just like she sends an email."
@Bill_Tanyeri, @JFSaine & @RhettShipp dive into how Satly is making Bitcoin as easy to send as email - no wallets, no seed phrases, no 30-minute waits.
In this episode, we discuss:
🔸How to email Bitcoin instantly using Satly's L1 on Avalanche
🔸Why Lightning Network's UX fails for mainstream adoption
🔸Bitcoin's 290% vs Ethereum's 35% performance explained
🔸The $500M locked in Avalanche's Bitcoin bridge
🔸 Why Bitcoin's "money" narrative beats all other crypto pitches
Chapters:
(00:00) Introduction and Market Update
(04:50) Deep Dive into Avalanche and Crypto Journey
(10:01) Introducing Satly: Bitcoin L1 on Avalanche
(27:23) Mastering Payments: The Key to Success
(28:43) Focusing on Users and Product Development
(30:17) Bitcoin vs. Ethereum: Market Dynamics
(31:38) Exploring Bitcoin DeFi and Future Prospects
Listen to the full episode now!
#Bitcoin #Avalanche #DeFi #Satly
Disclaimer: Nothing discussed on this podcast constitutes financial advice. Please consult a professional investment advisor and do your own research before making any financial decisions.
An exclusive interview with cofounder of Satly.com, @ExcelBaller, and the @DefiPodcast about $BTC, Satly, and the future of BTC payment rails built on @avax
Catch the full episode here:
youtube.com/watch?v=Nye5onbH…
