Portal to Bitcoin Records $800M Trading Volume in First 24 Hours, Pioneers BTC–SOL Cross-Chain Swaps

Portal to Bitcoin (Portal), the custody-less interoperability protocol for Bitcoin, today announced that its native token, $PTB, recorded more than $800 million in combined trading volume across spot and derivatives markets within the first 24 hours of launch.

According to CoinGecko, spot markets alone accounted for approximately $54 million in day-one activity. The bulk of additional trading volume came from futures activity on Binance Alpha and other exchanges, reflecting strong leveraged demand. As of the time of writing, CoinMarketCap reports a live PTB price of $0.04197 USD with a 24-hour trading volume of approximately $800 million USD.

“Yesterday’s launch only serves to strengthen our thesis that traders want (and need) native settlement across chains without giving up their keys,” said Chandra Duggirala, CEO & Chairman of Tides Network and a core contributor to Portal to Bitcoin. “Crossing $400 million on Day One is nothing short of exceptional. It shows that self-custody and performance are not at odds with each other.”

The milestone demonstrates a strong demand for the protocol and its mission to deliver trust-minimized, self-custodial trading between Bitcoin and other networks — without bridges, wrapped assets, or centralized intermediaries.

Portal’s day-one token trading performance builds on its core infrastructure, powered by its cross-chain automated market maker (AMM) and BitScaler. BitScaler is the protocol’s new scalability layer designed to accelerate atomic swaps while keeping fees low and settlement on-chain. Together, these technologies enable centralized exchange (CEX)-level execution while preserving user control of funds from initiation to finality, and removing critical points of failure.

Portal also went live on Solana as its first mainnet Layer 1 (L1) integration for native BTC cross-chain swaps. This marks the first time a non-custodial mainnet Bitcoin-to-Solana swap has been processed directly between two blockchains via the Portal Wallet and decentralized exchange (DEX).

“Solana brings in the high-throughput UX, while Bitcoin delivers the world’s most secure settlement assurances with ease,” Duggirala added. “Portal unites those strengths into a unified, trust-minimized flow — melding the performance of SOL and the security of BTC into the same space.”

This marks the first time a non-custodial mainnet transaction, a Bitcoin-to-Solana swap via the Portal Wallet and decentralized exchange (DEX), has been processed directly between two blockchains. All swap transactions inherit Bitcoin-anchored security, with on-chain provenance available for verification on Solana Explorer.

About Portal to Bitcoin

Portal to Bitcoin, formerly known as Portal DeFi, was conceived by a team of veteran Bitcoin and AI engineers and is dedicated to empowering financial self-sovereignty. Portal is the only custody-less interoperability protocol for Bitcoin. Portal enables fast, low-cost atomic swaps between native Bitcoin assets, such as BTC, Ordinals, and Runes, and L2s and other L1s. With Portal’s technical breakthroughs, there is no bridging or wrapping. User funds are always safe.

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