Performances
Comparison
Details
This content is generated by RD AI and is for reference only
OP_NET is a consensus layer built on Bitcoin Layer 1, utilizing Taproot script technology to enable smart contract execution. It processes transactions through a deterministic WebAssembly VM and achieves consensus via a combination of PoC and PoW, anchoring contract state directly to Bitcoin blocks. It supports DeFi applications such as token creation, decentralized exchanges, and lending, and includes built-in ML-DSA quantum-safe signatures.
Follow Updates
Follow Lists
People
About OP NET
OP_NET, positioned as a consensus layer on Bitcoin L1, made significant progress in H1 2026. On March 19, 2026, its mainnet launched, introducing a 'SlowFi' DeFi stack that enables smart contracts directly on Bitcoin base layer via standard transactions, with BTC as the sole gas asset—no bridges or wrapped tokens. Concurrently, it released the OP-20 token standard (ERC-20 equivalent), MotoSwap AMM, and OP-721 NFT standard. Prior to launch, it secured $5M in funding led by Further, with participation from ANAGRAM, Arcanum Capital, and others.
Looking ahead, OP_NET's roadmap targets OP-20S, a stablecoin standard extension, for early Q2 2026. This aims to bring native dollar-denominated assets to Bitcoin L1, potentially transforming the $308B stablecoin market by leveraging Bitcoin's security model without custodial intermediaries. The project bets on L1-native approaches over bridged BTC or L2s, positioning itself for the next phase of BTCFi growth.
Co-founders:
Chad Master (also known as Samuel Patt), Co-founder. Long-time Bitcoin enthusiast and trader with a punk, anti-establishment background. In 2023, he co-founded OP_NET to transform Bitcoin from a passive store of value into a programmable financial system, enabling smart contracts, DeFi, stablecoins, and native yield directly on Bitcoin L1, without bridges or custodians.
Danny Plainview, Founder. Co-founder of OP_NET. He focuses on building Bitcoin-native infrastructure, aiming to bring smart contracts and DeFi to Bitcoin L1 via the OP_NET protocol. His work emphasizes consensus, security, and user sovereignty, avoiding Layer 2s and wrapped assets.