NEW YORK, May 5, 2025 — The testnet’s launch unlocks opportunities for decentralized trading, borrowing, earning, and stablecoins built on Bitcoin.
While Bitcoin boasts a market capitalization nearing $2 trillion, its full potential remains largely untapped, often confined to centralized platforms. The public availability of the marks a significant advancement toward realizing this potential, offering programmability and scalability through zero-knowledge proofs. This development brings decentralized trading, borrowing, yield opportunities, stablecoins, and more within closer reach for Bitcoin users.
According to Simanta Gautam, CEO and co-founder of Alpen Labs, “Bitcoin is evolving beyond just a store of value. Alpen provides developers with the necessary tools and users with the ability to interact with Bitcoin in various ways, eliminating the need for intermediaries. Leading teams in the space are already developing on it, and we are eager to see what innovations emerge.”
The Alpen testnet empowers developers to experiment, build, and test BTC applications that were previously limited to centralized exchanges, custodians, or wrapped tokens on other blockchains. For users, it provides a preview of a secure and self-custodial open financial system.
Alpen transforms developed by the Alpen Labs team into secure, trust-minimized programmability for Bitcoin. Alpen’s EVM compatibility allows the crypto industry’s largest developer community to leverage familiar tools and access Bitcoin’s substantial liquidity. Upon launch, Alpen’s BitVM2-based will provide applications with the most secure, trust-minimized BTC. Alpen’s zk-rollup architecture facilitates faster, more affordable transactions while inheriting Bitcoin‘s robust security.
Nic Carter, Partner at Castle Island Ventures, stated, “I believe this is a major breakthrough in blockchain history, merging Bitcoin‘s unparalleled security with the programmability we’ve been anticipating for 15 years. Alpen is a transformative solution for Bitcoin, and we are proud to support a team that is driving the ecosystem forward.”
Founded in 2022 by four MIT alumni and supported by investors including Ribbit Capital, Stillmark, DBA, cyber•Fund, and Castle Island Ventures, Alpen Labs is transforming Bitcoin‘s ecosystem to enable secure innovation for builders. This testnet sets the stage for an upcoming mainnet launch aimed at redefining Bitcoin‘s future.
For further details, visit and read the launch blog .
About Alpen Labs
is defining the future of Bitcoin. Alpen enhances Bitcoin with programmability and scalability, facilitating decentralized trading, lending, stablecoins, and more without sacrificing security or decentralization. Founded in New York by four MIT graduates, Alpen Labs is bridging the gap between innovative finance and the world’s most trusted digital currency.
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