sanyi.eth
sanyi.eth|1月 06, 2026 11:51
Can't believe that @zen_chain is also on alpha TGE now. This is quite an old project. They seem to have received some funding before, with Watermelon Capital and DWF Labs as investors. But it looks like there's no record of it now. Not much to say about DWF Labs, but Watermelon Capital has also invested in projects like Quant, Algorand, and Sonic. Although this project is an L1, you can think of it as a bridge too. It's an infrastructure layer built to expand BTC cross-chain usage. Using Schnorr adaptor signatures, it compresses cross-chain transfers into a single Bitcoin transaction. No deposit address is needed; it relies on cryptographic commitment transferId instead. It channels BTC liquidity into DeFi through Zenchain and uses the corresponding protocol revenue to empower ZTC. Spent 30 minutes on it today. Guessing tomorrow's TGE score won't be too high—blind guess around 240.
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