The edge that pays for itself.
Interlay (INTR) Price
Interlay Price
DeFi Analytics
Advantages of Cryptocurrency
Decentralization & Financial Freedom
Cryptocurrencies operate on decentralized networks, removing the need for intermediaries like banks. This enables peer-to-peer transactions, financial inclusion for the unbanked, and resistance to censorship or government control.
Transparency & Security
Blockchain technology provides an immutable, transparent ledger of all transactions. Cryptographic security makes it extremely difficult to counterfeit or double-spend, offering strong protection against fraud.
Global Accessibility
Anyone with an internet connection can send and receive cryptocurrency worldwide, 24/7, without geographic restrictions or banking hours. This is particularly valuable for international remittances.
Investment Potential
Cryptocurrencies have demonstrated significant long-term appreciation potential. Early investors in Bitcoin and Ethereum saw extraordinary returns, and the asset class offers portfolio diversification benefits.
Risks of Cryptocurrency
High Volatility
Cryptocurrency prices can fluctuate dramatically – often by 20–50% or more within short periods. This high volatility makes them inherently risky investments, and significant capital losses are possible.
Regulatory Uncertainty
The regulatory landscape for cryptocurrencies is still evolving globally. Sudden regulatory changes can significantly impact prices and accessibility, creating legal and compliance risks for investors and businesses.
Security Risks
Hacks, scams, and phishing attacks are prevalent in the crypto space. The irreversible nature of blockchain transactions means stolen funds are rarely recovered. Users must secure their private keys and wallets diligently.
Environmental Impact
Proof-of-Work cryptocurrencies like Bitcoin require substantial computational energy, raising environmental concerns. While the industry is transitioning toward more energy-efficient consensus mechanisms, the carbon footprint remains a significant criticism.
History of Cryptocurrency
The history of cryptocurrency begins with Bitcoin, introduced in 2009 by the pseudonymous Satoshi Nakamoto. The Bitcoin whitepaper, published in October 2008, proposed a peer-to-peer electronic cash system enabling online payments directly between parties without going through a financial institution.
Bitcoin's first recorded commercial transaction occurred in May 2010 when Laszlo Hanyecz paid 10,000 BTC for two pizzas – a transaction now celebrated annually as Bitcoin Pizza Day.
The Rise of Altcoins
Following Bitcoin's success, thousands of alternative cryptocurrencies (altcoins) emerged. Ethereum, launched in 2015 by Vitalik Buterin, introduced smart contracts – self-executing agreements coded into the blockchain – enabling decentralized applications (dApps) and decentralized finance (DeFi).
The ICO Boom and Market Crash
The years 2017–2018 saw an explosion of Initial Coin Offerings (ICOs), where new projects raised funds by selling tokens. Bitcoin reached nearly $20,000 in December 2017 before crashing dramatically in 2018, triggering a prolonged crypto winter.
Institutional Adoption
The 2020–2021 bull run saw unprecedented institutional interest, with companies like MicroStrategy and Tesla adding Bitcoin to their balance sheets. Bitcoin hit new all-time highs above $60,000. The launch of Bitcoin ETFs and growing regulatory clarity further legitimized the asset class.
DeFi, NFTs & Web3
Decentralized finance (DeFi) protocols, non-fungible tokens (NFTs), and the broader Web3 movement transformed the cryptocurrency landscape. Platforms like Uniswap, Aave, and OpenSea enabled entirely new financial and digital ownership models.
Today, the cryptocurrency market encompasses thousands of digital assets with a combined market capitalization in the trillions of dollars, representing a fundamental shift in how the world thinks about money, finance, and digital ownership.
Exchange
| Exchange | Market Pair | Price | Depth +2% | Depth -2% | Volume 24H | Volume % | Type | Liquidity Rating | Freshness |
|---|---|---|---|---|---|---|---|---|---|
| MEXC | INTR/USDT | 0.00 | 11.35 | 55.62 | 82,152.05 | 0.00 | cex | 1.00 | 6/20/2025, 5:24 AM |
| Gate | INTR/USDT | 0.00 | 0.96 | 4.00 | 64,009.57 | 0.00 | cex | 2.00 | 7/9/2025, 6:23 AM |
| Kraken | INTR/EUR | 0.00 | 0.00 | 0.00 | 65.22 | 0.00 | cex | 1.00 | 7/9/2025, 6:23 AM |
| Kraken | INTR/USD | 0.00 | 0.00 | 0.00 | 4.32 | 0.00 | cex | 1.00 | 7/9/2025, 6:23 AM |
Interlay FAQ
Interlay serves as a modular, programmable interface between Bitcoin and the multi-chain ecosystem, facilitating decentralized financial use cases for BTC. Interlay’s vision is to promote mass adoption of Bitcoin by enabling decentralized financial use cases for BTC and eliminating the reliance on centralized services. This vision is realized by developing the requisite infrastructure and financial tools for both users and developers: * **DeFi for Bitcoin**: Interlay’s DeFi hub functions as a comprehensive platform for decentralized Bitcoin finance, offering BTC swaps, lending, and staking. With high throughput and low fees payable in any asset, alongside native stablecoin integrations, it aims to offer an experience competitive with centralized services. * **Bitcoin for DeFi**: Interlay’s BTC bridge represents a secure method of utilizing Bitcoin within the multi-chain ecosystem. iBTC, an asset backed 1:1 by BTC, is safeguarded by a decentralized network of vaults. BTC deposits are protected by a multi-collateral system and secured through cross-chain light clients. * **Building Bitcoin dApps**: Interlay plans to support the development of Bitcoin dApps on its modular network. The primary functions of the INTR governance and utility token are: * **Stake-to-vote**: Lock INTR to engage in governance and earn staking rewards. The longer the lock, the greater the voting power and staking rewards. * **Utility**: Transaction and cross-chain fees can be paid using INTR. * **Collateral**: INTR may be used as one of the collaterals to support iBTC and other Interlay assets. * **Outlook**: Product benefits: In the future, INTR may provide additional security and product advantages for stakers, such as improved liquidation and collateral rates, or reduced swap fees. The Interlay network was launched on March 11, 2022. For detailed information, visit Eulerpool.
INTR has an unlimited supply, with the emission schedule defined as follows: * 1 billion (1,000,000,000) INTR will be emitted over the first four years. * Following that, a 2% annual inflation rate will be applied, with funds allocated to the protocol treasury to support future development and maintenance. The supply distribution is as follows: 70% is allocated to the community through airdrops and block rewards. Specifically, 30% goes to Vault rewards, 5% to governance staking rewards ("stake-to-vote"), and 35% to the on-chain treasury, which is managed by network governance (including 10% airdropped during the first crowdloan). Additionally, 10% is reserved for network development and community and ecosystem building efforts. The remaining 20% is airdropped to the team and early backers, both current and future, who funded the initial development phase. For more detailed information, you can find INTR on Eulerpool.
Interlay was established by Alexei Zamyatin and Dominik Harz, who first crossed paths in 2017 while pursuing their PhDs at Imperial College London. They were pioneering researchers at the institution's cryptocurrency lab. Since 2015/16, both Zamyatin and Harz have been engaged in research focused on Bitcoin and Ethereum, contributing to over 30 academic papers that collectively have amassed more than 1,000 citations. Their work has been showcased at numerous prestigious conferences, including DevCon IV, EthCC, Building on Bitcoin, and Breaking Bitcoin. The initial concept for Interlay emerged with the presentation of the XCLAIM paper at the Scaling Bitcoin conference in 2018. This paper introduced the inaugural protocol for transferring cryptocurrencies, such as Bitcoin, to Ethereum in a trustless and decentralized economic framework. In 2020, Zamyatin and Harz officially founded Interlay to translate their research into practical applications. Today, Interlay is a growing enterprise, employing 23 staff members, including developers with diverse experiences from leading firms such as Google, Morgan Stanley, Trivago, Accenture, PwC, Worldpay, and Atlassian. For more detailed information, please refer to Eulerpool.
Interlay is a modular, programmable layer designed to connect Bitcoin with the multichain ecosystem. It stands as the sole Bitcoin-centric Layer 1 that is completely decentralized across its entire stack, providing solutions from a trustless BTC bridge to a BTC DeFi hub. By utilizing BTC as the primary reserve asset and liquidity source, Interlay's infrastructure offers a collection of custody and bridge tools that enable applications to customize asset management according to their distinct use cases. Operating as a marketplace, Interlay currently supports collateralized bridges and plans to integrate threshold shared custody (including institutions and third-party providers), discrete log contracts (DLCs), and zero-knowledge contingent payments (ZKCPs). To bolster security and enhance user experience, Interlay will implement social sign-in features such as Google sign-in and opt-in recovery mechanisms through federation counter-signing and identity verification. Interlay is introducing both EVM-compatible and Rust smart contracts, which are optimized for BTC-centric development and compatible with widely adopted Bitcoin-core libraries and tools. As a result, developers can easily access integrated DeFi tools such as automated market makers (AMM) and lending, along with assets from other ecosystems, including stablecoins and prominent Layer 1 assets. This positions Interlay uniquely to enhance the predominantly centralized BTC stack (including Lightning nodes, Nostr servers, indexers, and centralized exchanges) through decentralized custody and smart contracts.
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