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SoSo Crypto Daily | Crypto Market Sees Broad Declines Amid Heavy Liquidations; M&A Activity and DeFi Innovations Highlight Shifting Industry Dynamics
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Updated 1 hour ago
SoSo Crypto Daily | Crypto Market Sees Broad Declines Amid Heavy Liquidations; M&A Activity and DeFi Innovations Highlight Shifting Industry Dynamics
SoSo Crypto Daily | Crypto Market Sees Broad Declines Amid Heavy Liquidations; M&A Activity and DeFi Innovations Highlight Shifting Industry Dynamics
SoSo Crypto Daily | Crypto Market Sees Broad Declines Amid Heavy Liquidations; M&A Activity and DeFi Innovations Highlight Shifting Industry Dynamics
SoSo Crypto Daily | Crypto Market Sees Broad Declines Amid Heavy Liquidations; M&A Activity and DeFi Innovations Highlight Shifting Industry Dynamics
SoSo Crypto Daily | Crypto Market Sees Broad Declines Amid Heavy Liquidations; M&A Activity and DeFi Innovations Highlight Shifting Industry Dynamics
SoSo Crypto Daily | Crypto Market Sees Broad Declines Amid Heavy Liquidations; M&A Activity and DeFi Innovations Highlight Shifting Industry Dynamics
SoSo Crypto Daily | Crypto Market Sees Broad Declines Amid Heavy Liquidations; M&A Activity and DeFi Innovations Highlight Shifting Industry Dynamics
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Portal
Custody-less interoperability protocol for Bitcoin
portaltobitcoin
Twitter
Medium
LinkedIn
Categories:
Interoperability
Infra
Bridge
Ecosystem:
Bitcoin
Region:
United States
Founded:
2019
Portal is the custody-less interoperability protocol for Bitcoin. Portal enables fast, low cost atomic swaps between native Bitcoin assets like BTC, Ordinals, and Runes, to L2s and other L1s. With Portal’s technical breakthroughs, there is no bridging or wrapping.
Portal Fundraising
Amount
$50M
Valuation
--
Date
Aug 28, 2025
Seed
Amount
$34M
Valuation
--
Date
Jan 30, 2024
Investors
Gate.io Labs
Arrington Capital
Coinbase Ventures
OKX Ventures
Pre-Seed
Amount
$9M
Valuation
--
Date
Sep 21, 2021
Investors
Coinbase Ventures*
Autonomy Capital
Republic Capital
LD Capital
Krypital Group
B21 Capital
Arrington Capital
GenBlock Capital
ArkStream Capital
OKX Ventures
Monday Capital
Taureon
Shima Capital
Investor
Kalos
Republic Capital
Chapter One
United States
Autonomy Capital
Leland Ventures
Adrian Lai
Krypital Group
Taureon
Max Crown
Seedphrase
Monday Capital
United States
Sillytuna
Stephen Sullivan
Jacob Martin
Acrew Capital
Diogo Monica
William Hockey
B21 Capital
Gmoney
Coinbase Ventures
United States
dingaling
Arrington Capital
United States
Gate.io Labs
Singapore
Shima Capital
United States
ArkStream Capital
Chinese Mainland
Zeneca
LiquidX
Malaysia
OKX Ventures
Chinese Mainland
Singapore
Maven Capital
LD Capital
Hong Kong
Chinese Mainland
Haun Ventures
GiulioX
Slow Ventures
United States
Ray Chan
GenBlock Capital
United States
Piers Kicks
Portal Team
Chandra Duggirala
Founder and CEO
George Burke
Co-Founder
Manoj Duggirala
Co-founder and CTO
Manoj Duggirala
Founder&CTO
Portal Investment Portfolio
Rounds in the Past Year
1
Historical Rounds
1
Lead Investments
0
Portfolio Numbers
1
Flash Protocol
The Premier Platform for Bitcoin Native Assets
Funding Status
Private
Categories
DeFi
Ecosystem
Bitcoin
Founded
Jan 01, 2023
Token Issuance
With Token
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Portal To Bitcoin

PTB

Portal
Custody-less interoperability protocol for Bitcoin
portaltobitcoin
Twitter
Medium
LinkedIn
Categories:
Interoperability
Infra
Bridge
Ecosystem:
Bitcoin
Region:
United States
Founded:
2019
Portal is the custody-less interoperability protocol for Bitcoin. Portal enables fast, low cost atomic swaps between native Bitcoin assets like BTC, Ordinals, and Runes, to L2s and other L1s. With Portal’s technical breakthroughs, there is no bridging or wrapping.
Portal Fundraising
Fundraising Event
RoundAmountValuationDateInvestors
--$50M--Aug 28, 2025
Seed$34M--Jan 30, 2024
Gate.io Labs
Arrington Capital
Coinbase Ventures
OKX Ventures
Pre-Seed$9M--Sep 21, 2021
Coinbase Ventures*
Autonomy Capital
Republic Capital
LD Capital
Krypital Group
B21 Capital
Arrington Capital
GenBlock Capital
ArkStream Capital
OKX Ventures
Monday Capital
Taureon
Shima Capital
Investor
Kalos
Republic Capital
Chapter One
United States
Autonomy Capital
Leland Ventures
Adrian Lai
Krypital Group
Taureon
Max Crown
Seedphrase
Monday Capital
United States
Sillytuna
Stephen Sullivan
Jacob Martin
Acrew Capital
Diogo Monica
William Hockey
B21 Capital
Gmoney
Coinbase Ventures
United States
dingaling
Arrington Capital
United States
Gate.io Labs
Singapore
Shima Capital
United States
ArkStream Capital
Chinese Mainland
Zeneca
LiquidX
Malaysia
OKX Ventures
Chinese Mainland
Singapore
Maven Capital
LD Capital
Hong Kong
Chinese Mainland
Haun Ventures
GiulioX
Slow Ventures
United States
Ray Chan
GenBlock Capital
United States
Piers Kicks
Portal Team
Chandra Duggirala
Founder and CEO
George Burke
Co-Founder
Manoj Duggirala
Co-founder and CTO
Manoj Duggirala
Founder&CTO
Portal Investment Portfolio
Rounds in the Past Year
1
Historical Rounds
1
Lead Investments
0
Portfolio Numbers
1
ProjectFunding StatusRegionCategoriesEcosystemFoundedToken Issuance
Flash Protocol
Private
DeFi
Bitcoin
Jan 01, 2023
With Token
Powered by
Portal To Bitcoin
PTB
Add
$0.06024
+3.55%
Total dollar volume24H
$55,905,877
High24H
0.07131 USDT
Low24H
0.05327 USDT
Market Cap
#293$124,755,759
FDV
$316,781,791
Market Cap / FDV Ratio
0.39
Turnover rate
44.78%
Circulating supply
2,070,875,600
Total supply
5,258,400,000
Max supply
8,400,000,000
All time high
0.08666 USDT
All time high date
Sep 08, 2025
Down from All time high
-30.49%
Cycle low
0.0378 USDT
Cycle low date
Sep 10, 2025
Up from cycle low
59.37%
Contracts
Etherscan:0x30...67d3
Official links
Website
White paper
Socials
Twitter
Telegram
discord.com
medium.com
linkedin.com
Introduction

Portal to Bitcoin is a trust-minimized, non-custodial cross-chain protocol designed to enable seamless trading and interoperability between the native Bitcoin blockchain and other networks. It addresses the long-standing challenge of integrating Bitcoin into the broader decentralized finance (DeFi) ecosystem without relying on vulnerable custodial bridges or wrapped tokens. By prioritizing security and self-custody, Portal ensures that users maintain complete control over their assets throughout the entire swap process, mitigating the risks of exploits and hacks that have plagued other cross-chain solutions.

The core of Portal's innovation lies in its BitScaler technology, which utilizes atomic swaps powered by Hash Time-Locked Contracts (HTLCs) to facilitate direct, peer-to-peer exchanges. Instead of locking assets in a centralized bridge, this mechanism uses on-chain, time-bound smart contracts to ensure that a swap either completes successfully on both chains or fails safely, with each party recovering their funds. The protocol is also supported by a decentralized validator network, which secures the cross-chain operations and is economically incentivized through staking of the native PTB token.

As a custody-less infrastructure, Portal unlocks new possibilities for Bitcoin in DeFi, from enabling institutional trading with reduced counterparty risk to supporting the development of DeFi applications that leverage Bitcoin's security. The platform supports a wide range of assets, including BTC, Ordinals, and Runes, to facilitate liquidity flows across different blockchain environments. With its innovative architecture and focus on decentralization, Portal to Bitcoin aims to accelerate the vision of a financial internet built on the foundational security and censorship resistance of Bitcoin.

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