Satsdaq: A One-Stop Trading Terminal For Bitcoin L2s

The Bitcoin L2 trading space is becoming more fragmented as it grows. Traders often have to discover tokens on one platform, analyze them on another, and then trade them elsewhere.

We’ve built Satsdaq to address this by combining everything that’s necessary for Bitcoin L2 trading in one place. Our goal is for Satsdaq to become the best and easiest way to trade tokens from all across the Bitcoin ecosystem.

Read on to learn everything you need to get started on Satsdaq. 

TL;DR

• Satsdaq is a new all-in-one discovery and trading terminal for Bitcoin-based assets built by Xverse.
• Satsdaq combines discovery, analytics, and trading capabilities on one platform, combating the fragmentation in the Bitcoin ecosystem.
• At launch, Satsdaq supports tokens on Spark, with plans to add support for Stacks and Runes in the near future.

What Is Satsdaq?

Satsdaq is a new all-in-one discovery and trading terminal for Bitcoin-based assets located on the Xverse Portal.

Satsdaq combines discovery, analytics, and trading capabilities on one platform, directly integrated with the Xverse wallet for an added layer of security, along with ease of use. 

Supporting the Spark L2 and its BTKN tokens at launch, the terminal will add support for Stacks and Runes next, as part of its quest to become the single terminal for the entire Bitcoin economy.

“Satsdaq brings the entire Bitcoin L2 trading experience, including discovery, analytics, and trades, into one place. Bitcoin DeFi moves fast, so we built Satsdaq to help you move even faster, but without compromising security or accessibility," explains Ken Liao, Xverse Co-Founder. 

What Does Satsdaq Solve for Bitcoin L2s?

Currently, one of the biggest issues for active traders in the Bitcoin ecosystem is data fragmentation. 

To execute a fully informed trade, a trader needs to discover a token in one place (usually social media, but launchpads as well), check its stats on an analytics site, and then find an exchange where they can initiate the trade.

This is slow, cumbersome, and tiring, especially in the fast-paced memecoin market, where a single tweet can significantly alter a token’s trajectory.

When designing and creating Satsdaq, the Xverse team recognized this problem as one of the biggest challenges and decided to meet it head-on. This is why the product incorporates discovery, analytics, and trading, along with a referral program and an ever-growing list of supported tokens and asset types.

Discover, Analyze & Trade Bitcoin L2 Tokens in One Hub

From the get-go, Satsdaq includes all the must-have features for a holistic, integrated trading platform.

Real-Time L2 Discovery Dashboard

No more missing out on new tokens, the biggest movers, or the trendiest meme coins of the moment! The real-time discovery dashboard covers everything that’s available on Satsdaq, as its name suggests, in real time.

There are two main ways to discover tokens: Trending and Trenches. 

• On Trending, users can find a high-level table overview of available tokens with their price, market cap, volume, number of holders, etc., all sortable by these criteria. 
• Using Trenches, you’re able to track the real-time lifecycle of new tokens, sorted by ‘New’, ‘About to Graduate’, and ‘Graduated.’

In practice, this implies that you have the ability to explore existing and completely new tokens from the very same interface, simply by switching between tabs.

The Satsdaq Referral Program

We believe that if you share the alpha, you should earn from it. The Satsdaq referral program is designed to reward active community members who help grow the ecosystem, offering one of the most competitive commission structures in the Bitcoin L2 space.

Claim Your Username: Getting started takes just seconds. When you first visit Satsdaq you will be prompted to create your username, if for some reason this doesn't happen simply visit your profile at  to set your unique, custom username (3-20 characters). This isn't just for display—your username automatically acts as your unique referral code. Once set, you can copy your dedicated referral link with a single click. Or, simply share the URL of any token you are looking at; your referral code is automatically appended to the link, ensuring you get credit when you share your findings from the "Trenches" with your network.

Tiered Rewards: Earn Up to 50% The more volume you drive, the higher your rewards. Satsdaq uses a dynamic 4-tier system based on the trading volume you generate over a rolling 30-day period. You can track your progress, current tier, and volume stats directly from your dashboard.

• Tier 1: 30% Commission (Starting tier)
• Tier 2: 35% Commission ($25K+ volume)
• Tier 3: 40% Commission ($100K+ volume)
• Tier 4: 50% Commission ($250K+ volume)

Have a Code? If you are new to Satsdaq and have received a code from a friend, you can input it directly in the "Referral Code" section of your profile to ensure your account is linked. If you click a referral link to sign up, this is done for you automatically.

Seamless Cross-Trading 

Trading doesn’t have to take more than one click. We know this and have made sure you don’t have to jump through hoops to execute a trade. 

Your existing Xverse wallet is connected to the platform, so when you start a trade from the terminal, everything actually takes place in the wallet. This means there’s no moving of funds back and forth.

Additionally, though Satsdaq is starting out by supporting tokens on the Spark L2 first, next on the roadmap is support for Runes and Stacks. 

Portfolio Management and Analytics

The importance of current and valid data for trading can never be overstated. This is why Satsdaq includes all the key metrics on the same screen where users trade, including slightly more advanced metrics like bonding curve progress, holder distribution, and dev wallet behavior.

All of this means you’ll be making your decision according to this second’s data, not data from sixty seconds ago. In a fast-moving market, this period of time can make a world of difference.

Wallet Integration and Security

Satsdaq is an Xverse product with native Xverse wallet integration. As the leading Bitcoin web3 wallet, Xverse is self-custodial, highly secure, and offers a myriad of features from its interface.

Above all, however, you won’t be able to connect an insecure wallet to your Satsdaq account. This is a simple, but powerful step taken against potential misuse from malicious actors who can take advantage of bad code or similar. For that reason, Satsdaq also doesn’t allow QR code scanning. Though this can simplify things somewhat, it’s actually relatively easy to exploit, and the risk isn’t worth it.

How to Access and Use Satsdaq via Xverse Portal

Accessing the Satsdaq terminal is incredibly simple. You’ll be getting started from within the Xverse Portal, the place that gathers all the major Xverse features in one spot.

To get started, you’ll want to connect your Xverse wallet. (Make sure you’ve already downloaded the browser extension, set it up, and copied your seed phrase to a secure physical location.)

Enter your password into the wallet pop-up to get the process started.

Then, accept the connection request from the Portal. If you have more than one account tied to your browser extension, make sure you’ve chosen the right one from the menu before accepting.

And you’re logged in! 

Now all you have to do is navigate to the Satsdaq terminal, listed on the left-hand side of the screen, and start trading.

What’s Next for Satsdaq? 

There are two main upcoming features for the platform that we’ve touched upon earlier: other L2 projects and the referral program.

Expanded L2 Support

The upcoming chains on the roadmap are Stacks and Runes. They’ll be followed by other players in the Bitcoin ecosystem, with Satsdaq planning to eventually become the single terminal for the entire Bitcoin economy. 

Explore Unified Bitcoin L2 Trading with Satsdaq

If you’re ready to trade Bitcoin L2 assets from a new, unified interface, with all the data and zero hassle, you can start exploring Satsdaq today. 

Take the opportunity to find your favorites or check out new tokens, track the data, and take advantage of one-click trading, all of it supported by your Xverse wallet.

Connect your Xverse wallet to the Satsdaq terminal today to start your trading adventure.

FAQs

What can I trade on Satsdaq?

At launch, you can trade tokens based on the Spark protocol, which are known as BTKN tokens. This includes USDB, UTXO, FSPKS, BTC on Spark, and more.

Is Satsdaq non-custodial?

Yes, Satsdaq is non-custodial. This makes it more secure and privacy-oriented, but it additionally means that you have to take good care of your keys so you can access your account at any time.

Which Bitcoin L2s will be added next?

Satsdaq plans to add support for Stacks and Runes next, to help grow the unified Bitcoin trading ecosystem. Once these are supported, the team will announce its next steps.

How does Satsdaq protect user privacy?

Satsdaq is non-custodial, which means your keys are solely your own. Additionally, Satsdaq uses zero-knowledge proofs for transactions, which means your data gets an extra layer of protection.

Do I need a separate wallet to use Satsdaq?

No, Satsdaq works with your Xverse wallet, which you connect to the portal. The trades are actually executed directly from within your wallet, making the process easier and more streamlined.

Can I use Satsdaq on mobile through Xverse Wallet?

Yes! From your Xverse Wallet, access the Portal, which will open in a mobile browser window. Connect your wallet, confirm the connection, and then find the Satsdaq terminal. It’s as easy as using the desktop version!