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 $793.9K based on circulating supply at the latest DeFiLlama snapshot. The token's market cap ($793.9K) is small relative to deposits secured by the protocol ($44.5M); 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.

Major events flagged by the DeFiLlama community — protocol launches, exploits, governance changes, and incentive programs.

1. Jan 6, 2025
   Listed on DeFiLlama

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 ($793.9K) is small relative to TVL ($44.5M) — 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 $806.5M 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 $360.9M · 24h +2.55%

Bitlayer YBTC Family

TVL $105.8M · 24h +0.07%

Avalon CeDeFi

TVL $101.3M · 24h -0.57%

YBTC.B

TVL $94.3M · 24h +0.10%

BitFi BTC

TVL $75.6M · 24h +0.17%

Vishwa

TVL $68.6M · 24h +14.47%