SatLayer

Description sourced from DeFiLlama's protocol metadata; teams submit their own copy when listing.

DeFiLlama publishes the exact rules used to aggregate on-chain balances into the headline TVL figure shown on this page. The methodology below is the team's own source-of-truth description.

Total amount of BTC and eligible assets restaked on SatLayer, or through partner vaults specific to SatLayer.

If a contract or vault isn't in this list, its balance does not contribute to the TVL displayed on Mantapex or DeFiLlama.

SatLayer's governance or utility token carries a market capitalisation of 793.890,4 $ based on circulating supply at the latest DeFiLlama snapshot. The token's market cap (793.890,4 $) is small relative to deposits secured by the protocol (44,5 Mio. $); a mcap/TVL multiple of 0.02× is sometimes read as a discount, though it can also reflect minimal fee accrual to the token.

Market cap and supply figures are sourced from DeFiLlama's price feed (which reconciles CoinGecko, CoinMarketCap, and on-chain DEX prices). Treasury and staking values reflect on-chain balances controlled by the protocol at last sync.

Wichtige Ereignisse, die von der DeFiLlama-Community markiert wurden — Protokoll-Launches, Exploits, Governance-Änderungen und Anreizprogramme.

1. Jan 6, 2025
   Auf DeFiLlama gelistet

SatLayer operates in the Anchor BTC category of DeFi. It is deployed across 9 chains, including Base, Sui, Babylon Genesis, Ethereum and 5 other chains. The codebase has been independently audited (2 reports on file).

SatLayer runs a multi-chain deployment, with smart contracts live on 9 networks. Roughly 99% of its on-chain value sits on just three networks (Base, Sui, Babylon Genesis), so a fault on any one of them would affect a large slice of users. Two audit reports are published on DeFiLlama, which is in line with typical practice for protocols at this scale. Its token market cap (793.890,4 $) is small relative to TVL (44,5 Mio. $) — a mcap/TVL ratio of 0.02 is often read as the token being structurally undervalued versus the activity it secures.

Verified external resources for SatLayer — use these to read the source code, follow governance discussions, or cross-check on-chain data against the original team's channels.

SatLayer is one of 7 Anchor BTC protocols Mantapex tracks in this category. Direct peers ranked by total value locked include Bedrock uniBTC, Bitlayer YBTC Family, Avalon CeDeFi, and 3 more. These peer protocols collectively secure 806,5 Mio. $ in deposits, giving you a frame of reference for whether SatLayer's own TVL is at the top, middle, or tail of the category.

Bedrock uniBTC

TVL 360,9 Mio. $ · 24h +2.55%

Bitlayer YBTC Family

TVL 105,8 Mio. $ · 24h +0.07%

Avalon CeDeFi

TVL 101,3 Mio. $ · 24h -0.57%

YBTC.B

TVL 94,3 Mio. $ · 24h +0.10%

BitFi BTC

TVL 75,6 Mio. $ · 24h +0.17%

Vishwa

TVL 68,6 Mio. $ · 24h +14.47%