RAVN Launches Native BTC Aggregator with THORChain Integration
RAVN has launched a native BTC aggregator in public beta, comparing routes across THORChain and other execution venues. The aggregator is designed to allow users and API integrators to perform native Bitcoin swaps to other networks without wrapped assets or bridges. RAVN does not custody funds and focuses on providing a routing and execution layer that ranks results by expected net output after applicable transaction costs.
RAVN has launched a native BTC aggregator in public beta.
The aggregator compares routes across THORChain and other execution venues.
RAVN does not custody user funds and focuses on routing and execution.
It offers an app and an API for cross-chain swaps without wrapped assets or bridges.
Story
RAVN has launched a native BTC aggregator in public beta, aiming to simplify the process of swapping native Bitcoin for assets on other networks. This aggregator compares routes across various execution venues, including THORChain, Chainflip, NEAR Intents, and Relay, ranking results by expected net output after all applicable transaction costs. According to 0xMuninn, a RAVN representative, the product does not custody user funds or deploy contracts that hold them. Instead, it focuses on building a routing and execution layer around independent liquidity sources. The platform offers both a consumer-facing app and an API for wallets and other integrators who wish to offer cross-chain execution without building the underlying routing infrastructure themselves. Future work includes RUNE support, more EVM destination routes through Router v6, and potential XMR support.
Issue context
The Liquid Network has paused operations following the withdrawal of approximately 4,000 Bitcoin, valued at $320 million. The actors, identifying themselves as 'white-hat hackers,' have contacted Blockstream, pledging to return most of the funds once a vulnerability is fixed. This incident highlights ongoing security challenges within the crypto ecosystem and the need for robust audits, especially in sidechain implementations. Concurrently, Harmony's proposed migration to Ethereum indicates consolidation trends in the Layer-1 space, while significant token movements on Hyperliquid draw attention to liquidity and investor behavior.
The events in this issue demonstrate that even established projects can face security challenges and undergo strategic realignments. Volatility and the impact of on-chain movements on liquidity remain crucial factors for you to consider in your decisions. Pay attention to the details of migrations and the market's reaction to large token transfers, as these can influence the dynamics of individual assets.
Market pulse
BTC
$79.8K
+0.25% 24h / +2.4% 7d
Fear & Greed
73
Greed
BTC Funding
+0.0044%
20 perp markets · OI $52.2B
BTC Open Interest
$52.2B
Top venue Binance (Futures) · 24h vol $41.6B · basis +0.052%
More from this issue
This story is part of the Biturai Market Brief and is for informational purposes only. No investment advice.