Bitway price of $0.53081901 is down -38.77% in the last 24 hours and down -56.62% in the last 7 days. Price is down -80.91% from ATH of $2.7801 from Oct 14, 2026, and down 80.89% from 52-week high of $2.7779. Short-term trend is Strong Down while Medium-term trend is Neutral and Long-term trend is Strong Up. Near-term momentum is Bearish based on MACD Signal Line crossover and Bearish based on RSI-14 center line crossover (RSI < 50). Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70). Price is also below the Lower Bollinger Band, indicating recent increased price volatility.
Bitway Token (BTW) is the native utility and governance token of Bitway, a Bitcoin-compatible Proof-of-Stake Layer 1 blockchain built by Bitway Labs.
Bitway Labs, formerly Side Protocol (founded 2023), operates Bitway Ledger, which connects Bitcoin and other on-chain capital to yield, lending, and payment products such as Bitway Earn and Bitway Lending without wrapped tokens. BTW's canonical deployment is on BNB Chain (BSC); a low-activity Ethereum-side implementation also exists. Market capitalization is approximately $1.1 billion as of 2026-08-31.
Bitway differentiates itself as a "DeTraFi" (DeFi plus TradFi) gateway giving Bitcoin holders yield and lending access without wrapping BTC into synthetic tokens.
Rather than bridging BTC to an existing smart-contract chain, Bitway aims for native Bitcoin compatibility on its own Layer 1. BTW captures this positioning through staking, governance, and fee utility across Bitway Earn and Bitway Lending. Converting the BW testnet points program to BTW gave Bitway roughly 42,050 holders and listings on six exchanges — HTX, MEXC, Bitget, BingX, WEEX, and LBank — shortly after launch.
BTW functions as both a utility and governance token within the Bitway ecosystem.
The stated design intent is to align incentives across Bitway's yield, payment, and financing products through this single token.
BTW has a fixed maximum supply of 10 billion tokens, with 2,708,142,280 BTW (about 27%) in circulation as of 2026-08-31.
BTW's Token Generation Event (TGE) concluded on March 2, 2026, converting BW testnet points into BTW at a 1:200 ratio.
The launch followed roughly $5.44 million in total funding, including a $4.444 million seed round led by TRON DAO Ventures with HTX Ventures participation, after an earlier investment from Binance-affiliated YZi Labs via its EASY Residency incubation program. The underlying project was founded as Side Protocol in 2023, roughly three years before the BTW token's launch and rebrand.
BTW is deployed natively on BNB Chain (BSC), with a secondary, low-activity implementation on Ethereum.
BTW is also the native token of Bitway Ledger, a purpose-built Proof-of-Stake Layer 1 blockchain operated by Bitway Labs, designed for native Bitcoin compatibility — including Native SegWit transaction types — without relying on wrapped BTC representations.
Bitway Labs' core team includes Shane Qiu, Co-Founder and CEO, and Dave Hrycyszyn, CTO.
Qiu is a former early Binance Labs member who managed large ecosystem funds; Hrycyszyn previously co-founded and led Chainspace and co-authored a blockchain sharding protocol.
Bitway Labs, formerly known as Side Protocol, develops and maintains the Bitway ecosystem today.
It operates Bitway Ledger and associated products, including Bitway Earn and Bitway Lending, under a self-described "DeTraFi" (DeFi plus TradFi) model. Official channels include the website bitway.com, the X account @bitwayofficial, Telegram (t.me/bitwaycommunity), Discord, and GitHub (github.com/bitwaylabs).
Bitway describes BTW as its governance token, letting holders vote on ecosystem decisions alongside staking and fee payment.
Governance is presented in general utility terms as part of aligning incentives across Bitway's yield, payment, and financing products.
Bitway has not completed a CertiK audit; CertiK lists the project as "Not Audited By CertiK" while assigning it an automated Skynet monitoring score of 82.74 (Grade A).