Bitway

Bitway describes itself as an infrastructure project trying to build the missing layer between on-chain liquidity and global financial markets. The project aims to connect scattered digital assets with institutional-grade investment strategies and yield products. BTW is Bitway's token, issued on Ethereum and BNB Chain.

According to the project description on CoinGecko, Bitway includes components such as yield strategies, lending collateralized by native Bitcoin and a layer-one network called Bitcoin Ledger designed for Bitcoin compatibility. According to the same source, BTW is designed for use in protocol service fees, staking to secure the Bitcoin Ledger network, ecosystem governance and transaction fees on this network. Independent verification of how much these components are used is limited.

The BTW price may move with factors such as the amount of assets managed in Bitway products, interest in Bitcoin-based finance applications, token distribution and unlocks, and regulations on institutional yield products. Lzzo.com shows DefiLlama's US dollar reference price for Bitway; the chart is also based on this source's historical data.