In September, a review of Binance's BTC ecosystem projects shows that over half of the market performed excellently.

Binance has launched over 20 BTC ecosystem projects, with new coin projects in September performing outstandingly, and the total locked-up amount exceeding 15 billion USD, indicating the development potential of the BTC ecosystem. This article is sourced from Evan Lu, written by Waterdrop Capital, organized, compiled, and authored by BlockBeats. (Background: Sora 2 makes a strong arrival! OpenAI aims to reclaim dominance in live video models, with the same-named iOS App launched targeting TikTok) (Background information: Musk becomes the first billionaire with a net worth exceeding 500 billion USD! TSL, SpaceX, and xAI resonate with three engines) Recently, according to statistics, more than 20 BTC ecosystem projects have been launched on Binance's spot and Alpha zones, with data statistics sourced from: click to view; most projects have already been launched on the Alpha zone + contracts, with only a few projects launched solely on Alpha. Among them, three projects have already been launched in the Binance spot zone. The BTC ecosystem comprehensively covers cross-chain bridges, various technical paths of BTC L2, BTC Fi, and other directions. Nearly 2/3 of the projects maintain an FDV above $100M , with only three projects having an FDV below $80M . Excluding previously popular MERL and BABY, new coin projects launched in September such as HEMI, BARD, LIGHT, PTB, and RIVER have performed exceptionally well in the market, with FDV remaining above 250 million USD. This indicates that the next wave of enthusiasm in the BTC ecosystem will focus on sub-tracks related to BTC ecosystem infrastructure, cross-chain bridges, RGB protocols, etc. Binance's BTC concept project FDV ranking (including spot and Alpha zones), snapshot time: 9/29/2025. TVL data is also impressive; for example, HEMI, BARD, MERL, SOLV have already exceeded 1 billion USD in locked-up amounts. As BABY serves as the foundational infrastructure of the BTC ecosystem, benchmarking against the ETH ecosystem's Eigen Layer, it provides security support for BTC L2 using PoS consensus mechanism, achieving cross-chain security sharing; its TVL exceeds 6 billion USD. Additionally, MERL's performance is also remarkable; even after being launched for a year and a half, it continues to maintain a considerable scale of active users and community. As a leading project in BTC L2, MERL increased by over 50% in late September, creating its own market; proving the market's recognition of Merlin Chain. The remaining projects, including L2, BTC Fi, etc., over half of the projects have a TVL exceeding 500 million USD. The total TVL data exceeds 15 billion USD, proving the promising future development of its BTC ecosystem. Binance's BTC concept project TVL ranking, snapshot time: 9/29/2025 (Note: TVL is based on project official websites and DefiLlama, with a preference for official website data). Additionally, from the chart, it can be seen that Binance's Alpha zone has been launching 1-2 BTC ecosystem projects on average every month since April, which is enough to demonstrate that Binance is systematically betting on the BTC ecosystem, covering almost every part from infrastructure to application layer. Market performance of projects related to L2, cross-chain bridges, RGB protocols, and other relevant fields is not bad. As various technical paths within the BTC ecosystem gradually land and apply in the future, Binance Alpha is expected to become the user traffic entry point for a new round of BTC ecosystem prosperity. Summary of Binance Alpha BTC concept project launch dates, snapshot time: 9/29/2025. According to the analysis of market information data from Binance, the narrative of BTC ecosystem tokens can be classified from the perspective of ecological composition, generally divided into infrastructure layer (L2) and upper financial protocols (BTCFi). Among them, the infrastructure projects launched in the Alpha zone are orderly constructing a liquidity entry point for the on-chain capital market, which will be the most important and largest source of funding in the future—safely and trustlessly bringing BTC into the market. BTC, as the underlying anchoring asset of the entire encryption industry, possesses liquidity and value-bearing capacity unmatched by any other encryption asset. However, due to the simplification of the script language of the BTC network itself, it lacks Turing completeness, and the PoW consensus has inherent limitations in speed and scalability, resulting in a significant amount of potential value remaining untapped. If calculated at a value of 100,000 USD per coin, merely introducing 10% of the total supply into on-chain finance could provide the market with up to 210 billion USD in potential liquidity, which would be sufficient to become the core driving force of on-chain finance in the encryption industry. Binance Alpha BTC concept project introduction, snapshot time: 9/29/2025. Combining the frequent launch of BTC concept tokens by Binance Alpha in September, along with the strong performance of the tokens; it can be said that if the market welcomes another “alt season” in the future, the BTC ecosystem concept sector is likely to become a key track that cannot be missed. This article is sourced from submissions and does not represent the views of BlockBeats. Related reports: YZi Labs invests + Plasma partners, will USD.AI stablecoin become the next gold mine? Wall Street's Grim Reaper claims AI is by no means a bubble, and the community panics: run, the situation is worse than we thought. Binance CZ laments on the anniversary of his release, “The crypto world is too exciting”: US regulatory shift, BNB, BTC, ETH repeatedly hit new highs. <September review of Binance's BTC ecosystem projects, over half of the market performs well> This article was first published in BlockTempo “BlockTempo Trend - The Most Influential Blockchain News Media.”