TeleSwap
TSTA Bitcoin cross-chain trading protocol based on TeleportDAO
Performances
RD Popularity Index
RD Growth Index
Revenue & Burn
Protocol income
$10.63KBuyback funds
--Burn funds
--Buyback ratio
--Protocol funds over time
Monthly amounts & ratios
| Period | Protocol income | Buyback funds | Burn funds | Buyback ratio |
|---|---|---|---|---|
| Nov 2026 | $10.63K | -- | -- | -- |
| Oct 2026 | $66.18K | -- | -- | -- |
| Sep 2026 | $71.93K | -- | -- | -- |
| Aug 2026 | $43.7K | -- | -- | -- |
| Jul 2026 | $28.14K | -- | -- | -- |
| Jun 2026 | $77.13K | -- | -- | -- |
Comparison
Top Holders
| Address | Token | Quantity | Percentage | Value |
|---|---|---|---|---|
| 0x2400...d4fb |   TST | 271,090,300.32 | 27.11% | -- |
| 0xad24...d178 | TST | 250,000,000 | 25% | -- |
| 0x93ad...7d3b | TST | 130,473,619.76 | 13.05% | -- |
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About TeleSwap
TeleSwap (TST) is the cross-chain bridge from TeleportDAO, connecting networks such as Bitcoin and Polygon so assets can move between chains. The bridge works by lock-and-verify: assets are locked on the source chain and a validator network confirms the transfer before the corresponding amount is released on the destination, a design that stakes security on validator key management and contract verification logic, with bridge fees and protocol revenue coming from the transfers themselves. It serves users who need to move assets between Bitcoin and EVM ecosystems.
In live operation this validator architecture exposed a single point of failure in key custody: on July 15, 2026 TeleSwap appears to have suffered a key-compromise attack with losses exceeding 735,000 US dollars, the stolen funds flowing into Tornado Cash, and when on-chain detective ZachXBT disclosed the incident on July 20 the team had gone five days without a public statement. On October 16 the bridge's TVL stood around 375,000 US dollars, up more than 51-fold over 30 days, while TST sat about 99.8 percent below its 2024 high, with liquidity and trust contracting together.
Major setbacks: On July 15 the TeleSwap bridge was apparently hit by a key-compromise attack, losing over $735K, with stolen funds funneled into Tornado Cash; on-chain detective ZachXBT disclosed the incident on July 20, noting the team had stayed silent for five days and its BTC hot wallet had stopped processing transactions.
Fundamentals: As of October 16 TVL stood at about $374.9K, up more than 51x over 30 days; the protocol generated about $79.8K in fees and $73.9K in revenue over the past 30 days, while TST traded at $0.00018, roughly 99.8% below its 2024 high.
Mahyar Daneshpajooh — Co-founder; co-founded the Bitcoin cross-chain bridge TeleSwap and its underlying TeleportDAO in 2022.
Niusha Moshrefi — Co-founder; blockchain researcher whose interests include prediction markets and system design.
Ali Saheli — Co-founder; involved in the protocol's strategic direction and long-term planning.