Base

1/ Let every surge in Bitcoin activity quietly increase your cbBTC stash.

Here’s how you do it on Base 🧵

2/ Alkimiya is a novel fundamentals metrics protocol on Base that allows users to trade BTC feerate directly.

Trading feerate isn’t rocket science. Certain events are causing network congestion? Go long. Think they are overhyped? Short it!

During the Babylon staking launch, users who longed feerate almost doubled the amount of BTC in their position in just a week!

3/ Quick facts ⚡️

🚀 During the @babylonlabs_io launch, BTC transaction feerates skyrocketed by nearly 90x (from ~8 sat/vB to 717 sat/vB within a single block)

#️⃣ 20,160 transactions were made

💸 ~53.405 BTC ($3.4m) in fees were spent

⛑️ Out of ~53.4 BTC in fees, a total of https://t.co/m3Toh7sHjG

4/ Take a look at the PnL of some users during our 777 Trading Competition and @babylonlabs_io’s launch 🔍
*We’ll be using this as an example in the following tweets

These users took long positions in the first pool of our competition (15th August - 23rd August) and gained https://t.co/oIbeVq5Lxt

Alkimiya⌛

3/ The feerate mechanism is simple & efficient: 

When more people are trying to get their transactions processed, feerate goes up. During quieter periods, feerate decays. This isn’t just price volatility — it’s a direct response to high-priority transaction volume surging on the mempool.

This creates opportunities for those who understand the rhythm.

4/ Demand for Bitcoin blockspace comes and goes, as @OylyOnAlkanes mint teases what Alkanes-enabled innovations could spark, the 1st Bitcoin compute primitive is on horizon. 
https://x.com/cbspears/status/1921944922581504321

3/ The feerate mechanism is simple & efficient: 

When more people are trying to get their transactions processed, feerate goes up. During quieter periods, feerate decays. This isn’t just price volatility — it’s a direct response to high-priority transaction volume surging on the mempool.

This creates opportunities for those who understand the rhythm.

https://x.com/0xCheeezzyyyy/status/1924816456929161723

2/ Alkimiya is a novel fundamentals metrics protocol on Base that allows users to trade BTC feerate directly.

Trading feerate isn’t rocket science. Certain events are causing network congestion? Go long. Think they are overhyped? Short it!

During the Babylon staking launch, users who longed feerate almost doubled the amount of BTC in their position in just a week!
https://x.com/alkimiya_io/status/1831383509979869521