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Bitcoin is soaring, which new ecological targets are worth paying attention to?

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In addition to established ecological projects such as STX and RUNE, new projects such as MUBI and ALEX are also emerging in this bull market.

On December 4th, as Bitcoin surged above $41,000, the cryptocurrency market once again became bullish. In this round of growth, the old projects in the Bitcoin ecosystem, such as RUNE, BADGER, ORDI, and even STX, have shown considerable price trends, but some new projects have also emerged in this bull market. BlockBeats has selected 4 new Bitcoin ecosystem projects worth paying attention to, and the content is summarized below:

MUBI

・Current price: 0.038 USD.

・涨幅（24H/7d/30d）：-0.1%, 61.6%, -%

(Note: The content contains no English words or phrases, so no translation is necessary.)

・Market Cap: 35,322,772 USD

・Trading Volume (24h): $10,406,631 USD

Multibit is a bridging protocol that appeared in May of this year to connect BRC20 assets to the EVM network, allowing users to seamlessly transfer tokens between the ETH chain, BNB chain, and BTC network. Multibit completed its IDO auction on the Bounce Finance auction platform on November 12, raising 88 ETH. On November 4, it completed another IDO on the Bitcoin network donation platform TurtSat at the same unit price, raising 4.64 BTC. The total amount raised in both auctions is approximately $350,000.

MultiBit simplifies the token transfer process between the BRC20 and EVM networks of Bitcoin. First, users transfer BRC20 tokens to a dedicated BRC20 address. Once confirmed, the Multibit protocol begins to operate, minting an equivalent amount of tokens on the Ethereum or Binance Smart Chain. The Multibit Protocol collects tokens from all distributed unique addresses, which are securely transferred to a unified cold wallet. When users need to withdraw tokens, the Multibit Protocol will destroy the corresponding number of tokens from the EVM chain. Then, it will transfer the equivalent tokens from the secure cold wallet to the user.

MUBI has a total supply of 901,224,547 coins, all of which are currently in circulation.

ALEX

・Current price: 0.145 USD

・涨幅（24H/7d/30d）：23%、117.8%、177.3% The increase (24H/7d/30d): 23%, 117.8%, 177.3%.

・Market Cap: $92,719,324 USD

・Trading Volume (24h): $22,345,001 USD

ALEX Labs is a Bitcoin-based DeFi platform on the Stacks network. The platform was created with the intention of focusing on the Bitcoin financial perspective, and its vision is to eliminate barriers between Bitcoin L1 and L2, creating a seamless Bitcoin DeFi experience. Its token, ALEX, has a total supply of 1 billion.

Currently, the Launchpad feature of ALEX Labs can be used to launch new projects or deploy, mint, and transfer BRC20 tokens. The cross-chain bridge feature supports users in transferring tokens between EVM and Stacks, as well as between Bitcoin and Stacks. The trading modes include AMM and order book, and users can view and analyze the DeFi economy on ALEX through the dashboard. In addition, the platform will also launch liquidity mining and RWA services. As a Bitcoin DeFi platform, ALEX Labs' features can be said to be quite comprehensive.

ALEX Labs announced the completion of a $5.8 million financing at the end of 2021. According to information on its official website, the participating institutions are as follows:

The current TVL of the platform is $43,539,056, with a total trading volume of $404,849,253 and 27,738 active wallets reported.

BSSB

・Current price: 1.4653 US dollars.

・涨幅（24H/7d/30d）：77.10%, 105.70%, 125.55%

(Note: The content contains no English words or phrases, so no translation is necessary.)

・Market Cap: $24.77 million

・Trading Volume (24h): $7.22 million

BitStable (BSSB) is a decentralized asset protocol based on the Bitcoin network, allowing anyone to generate DAII stablecoins collateralized against the Bitcoin ecosystem assets anywhere through the platform. BitStable features a dual-token system and cross-chain compatible structure, with its tokens being DAII and BSSB.

DAII is a stablecoin whose value and stability come from the robustness of assets in the Bitcoin ecosystem, including BRC20, RSK, and Lightning Network. In addition, with its cross-chain capabilities, DAII can also bring the Ethereum community into the Bitcoin ecosystem according to the vision of BitStable. The total supply of DAII is 1 billion.

BSSB is the governance token of the platform, which the community uses to maintain the system and manage DAII. BitStable also incentivizes BSSB holders through dividends and other measures.

The total supply of BSSB is 21 million, of which 50% will be publicly sold on Bounce Finance. The team will hold 5% of BSSB (locked for 6 months and linearly unlocked for 15 months), airdrop quota will account for 3.5%, staking rewards will account for 36.5%, and LP will account for 5% (locked indefinitely).

BitStable launched its native token BSSB on Bounce Launchpad on November 29th at 12:00, and users can obtain corresponding BSSB shares by staking AUCTION tokens or through auction mechanisms. Within two hours of the announcement by Bounce Finance, the price of AUCTION also saw a surge of over 15%.

On November 29th, during the public sale of Bitstable on Bounce Finance, an unauthorized entity obtained the majority of available supply tokens. This event was caused by a combination of DDoS attacks and multiple wallets directly interacting with the contract, resulting in uneven distribution. In order to readjust the distribution of BSSB and follow DAII's strategic roadmap, Bitstable made a difficult but necessary decision:

· 75% of the BSSB tokens involved in fixed exchange auctions will be destroyed.

· The remaining 25% will still be claimable. However, considering the high Gas fees and additional costs, this will actually increase the participating party's cost by six times.