Last week, @union_build revealed $U — the utility token of the Union Protocol ecosystem. Here's what you need to know 👇 —🟪 What is Union? Union is the leading ZK interoperability L1, enabling settlement and liquidity for protocols and asset issuers. Union leverages advanced zero-knowledge cryptography to deliver lightning-fast and trustless interoperability across any execution environment. Union has become the preferred interoperability partner for the BTCFi ecosystem – including Bitcoin LSTs, LRTs, and L2s. Previously raised >$16mm through various rounds of institutional fundraising. Metrics: • >325mm testnet transactions • >$50mm TVL on Union – working with top Bitcoin LST protocols including Bedrock, Lombard, and Solv. —🟪 Why Union over other interoperability protocols? Major interoperability protocols struggle to balance efficiency and scalability with decentralization – often relying on offchain actors and centralized verification systems to expand their networks....
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