the garden monthly: september 2024
Garden reached $800m in total volume and recorded the highest non-seasonal volume in a single day. We added dlcBTC, a self-custodied asset, and hosted a Garden Run in Singapore. Stay tuned for Act 2 coming soon!
TL;DR: Good times are here as we hit huge new milestones. Garden crossed $800m in volume, our organic volume has grown 23x, and an unnamed user did 20 BTC volume in one day! (we love you xoxo) Lots of other cool stuff which I won’t spoil here.
gm gardeners! 🌸
September is a landmark month because three greats have their birthdays: moi and Salma Hayek. September was supposed to be a build month for us as we focused on developing act 2, with no campaigns planned. So, it was a pleasant surprise to see an organic 23x increase in Garden's volume, leading us to cross all sorts of milestones.
Canon Event
We hit $800M in volume this month, quite wild considering we were just a hackathon project a calendar turn ago!
Big Items
- Garden has partnered with dlcBTC, a BTC variant secured by Bitcoin L1, to become the sole bridge to swap BTC <> dlcBTC.
- We partnered with the molandaks down at Monad run club to preach degens to spend less time bridging and more time running at Token 2049. We covered the run in this vvvvv aesthetic video. Where should we run next?
Technical Updates
- More than 90% of web3 developers know very little about building for BTCFi. We went through a lot of struggles while developing Garden and we want to give back by building open-source tools BTCFi developers. First of which is a Bitcoin Testnet Faucet, giving developers easier access to testnet bitcoin and related assets. We are actively working on adding more BTCFi assets here to make it a versatile tool.
- Act 2 development is prime focus right now and it will mark Garden’s arrival in the bitcoin bridging scene. Many Bitcoin traders still choose centralized exchanges for better liquidity, speed, and UX. Act 2 will take Garden closer to that experience. Here’s a sneak peek of what’s brewing.
Other Cool Stuff
- Training wheels are completely off on Garden now as we removed initial swap limits.
- You have to see it to believe the speed of this swap, 3.6 BTC in just 30 seconds! Here is an unfiltered reaction.
- Dude working on the BTCFi arc for Garden by joining an AMA session hosted by Swell, alongside other projects in the BTCFi space, including Build on Bitcoin and Avalon Labs.
- Season 3 rewards were released on September 13th. 260 users received a total of 692,394 in SEED rewards. Rewards can be claimed on the stake page.
About Garden
Garden is the fastest way to swap BTC and WBTC, providing a 10x improvement over existing options. It is decentralized, trustless, audited, and not a real garden.
Join the garden townhall and ask our expert gardeners about soil acidity and trimming bushes.
