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BOB

BOB

A hybrid Layer 2 merging Bitcoin security with Ethereum DeFi

Performances

RD Popularity Index

1417.14% (24h)
0100200300400500
Project Rank: 9695/12904

RD Growth Index

4020.15% (24h)
0400800120016002000
Project Rank: 853/12904
Comparison:
1h24h7d30d60d90d
0.07%0.27%5.48%11.65%9.93%28.18%

Comparison

Event Calendar

Mar 27, 2024
BOB raised $ 10 M in funding round
May 1, 2024
BOB launches on the mainnet
Jul 9, 2024
BOB raised $ 1.6 M in funding round
Aug 7, 2025
BOB raised $ 9.5 M in funding round
Nov 20, 2025
BOB launches BOB token

Tokenomics

Unlock Progress

Unlocked4B BOB(47.77%)
Locked5B BOB(52.22%)

Data source: CoinGecko

Top Holders

AddressTokenQuantityPercentageValue
Coinbase 10 (3e43)BOB74,617,652.660.75%$317.87K
0x6f46...b5aeBOB43,676,127.750.44%$186.06K
0xab78...e1bcBOB43,407,733.30.43%$184.92K

Open Markets

#ExchangePairPrice+2% depth-2% depthVolume (24h)volume %
1BOB/KRW$0.01313$25,233$15,749$1,035,415180.74%
2BOBBOB/USD$0.01306$96,998$78,950$328,21457.29%
3GOBOB/USDT$0.01272$0$0$4940.09%
4USDC/BOB$0.01289$29$29$1890.03%
5BOB/USDT$0.01158$97$96$1430.03%
6USDC/BOB$0.01138$96$96$1230.02%
7BOB/BSC-USD$0.01295$21$21$810.01%
8USDC/BOB$0.01549$53$53$670.01%
9USDC/BOB$0.01138$94$93$570.01%
10USDC/BOB$0.0144$28$28$130.00%

Follow Updates

Follow Lists

People

About BOB

BOB, short for Build on Bitcoin, is a hybrid Layer 2 that pairs Bitcoin's security with Ethereum's EVM execution. Assets move between Bitcoin and BOB through a BitVM-style bridge, the execution layer runs Solidity so Ethereum applications deploy unchanged, and users bring BTC into DeFi.

It targets the lack of programmability for bitcoin assets and the lack of native bitcoin collateral on Ethereum. The critical piece is the bridge: challenge mechanisms and staking constrain the custodian instead of relying on a single multisig, though the trust assumptions remain weaker than native Bitcoin. In 2026 it repositioned as a Bitcoin DeFi hub, folding lending, stablecoins and swaps into one entry point and interoperating with other Bitcoin L2s; ecosystem scale remains small next to Ethereum L2s, and the bridge is the main attack surface.

Updated: Oct 30, 2026

Key milestones with long-term significance:

  • Released Hybrid L2 whitepaper, defining the hybrid architecture combining Bitcoin security with Ethereum composability.
  • Completed $1.6M financing led by Ledger Ventures, securing early backing for development.
  • Joined Optimism's Superchain ecosystem, receiving $870K funding, aligning with the broader rollup infrastructure.
  • Announced token economic model and set TGE date, establishing the incentive framework for community and ecosystem growth.
  • Binance listed BOBUSDT perpetual contracts, providing institutional-grade trading access and liquidity.
  • Launched BOB Fusion Season 3, a multi-phase incentive program driving user adoption and network effects.
Updated: Aug 31, 2026

Progress: BOB Gateway's per-transaction limit was raised to 2 BTC on April 15, the BitVM testnet bridge cut on-chain dispute costs by 87% to $10.91, with mainnet planned for 2026, and native Bitcoin vaults have been open-sourced.

Scale and risk: May TVL was about $212 million, with 561,000 users, more than 120 apps and $1.78 billion in cumulative volume. The top 10 holders control over 93% of supply and 100% of liquidity is unlocked, concentration risks flagged by third parties.

Updated: Oct 30, 2026

On March 12, 2026, BOB completed the Jovian hardfork (OP Stack Upgrade 17), boosting performance and Bitcoin interoperability; the same month's dev update merged 234 PRs across UI, Gateway and SDK, shipped a fixed-rate instant BTC-swap and quote-optimization prototype, and advanced limit orders, larger sizes and compliant privacy. Native BTC vaults and LSTs are live, with BitVM bridges nearing production.

Future strategy and roadmap: On future strategy, BOB is pursuing a 'Bank of Bitcoin' direction, planning merged mining for Bitcoin PoW security, BitVM-based trust-minimized BTC bridges in phase three, and 2026 rollouts of native BTC vaults, BTC-backed stablecoins and tokenized hashrate/mining markets.

Updated: Oct 30, 2026

Alexei Zamyatin — Co-founder & CEO; PhD in Computer Science from Imperial College London; former expert advisor on digital assets and Web3 governance at Boston Consulting Group; researched Bitcoin security and L2 scaling.

Dominik Harz — Co-founder & CTO; PhD in Computer Science from Imperial College London; co-founder of the interoperability project Interlay.

Both co-founded the development company Distributed Crafts, based in London.

Updated: Oct 30, 2026