Written by Ryan Hong, Venture Contributor.

At Core Ventures, our mission is to accelerate exceptional builders bringing utility and impact to Bitcoin as an asset and as a network. As part of that mission, we’re excited to back Sats Terminal, the aggregation layer for Bitcoin DEXs, bridging, staking, and borrowing.

Thesis

1. We invest in exceptional people. Stan and Rishabh represent the archetypal business and tech founder pairing. Before starting Sats Terminal, Stan held senior roles at Bitcoin.com, ZondaCrypto, and Ambisafe, bringing deep operational experience across Bitcoin-native businesses. Rishabh brings a track record of technical innovation spanning robotics, brain-computer interfaces, and over 50 hackathon wins, including a recent Base AI Hackathon. Looking back at when we first met the team pre-product, the Sats Terminal journey was nonlinear—defined by relentless execution, deep user focus, and the self-awareness to pivot when needed. It reflects the same creativity and grit that first drew us to them, and reinforces the belief that the best investments start with backing the right people.
2. New and existing builders and DeFi will continue to gravitate towards Bitcoin. Trading, staking, lending, and interoperability are among the largest and most enduring markets in crypto. Aggregators like 1inch, Jupiter, and CoW Swap succeed by delivering one clear value proposition: better execution, rates, and yields. As Bitcoin’s ecosystem matures, it will face the same fragmentation—across and within new trading, bridging, and yield venues—but at a larger scale. Sats Terminal benefits by abstracting this complexity—aggregating execution across these verticals and delivering better rates, yields, and user experience.
3. Bitcoin's native activity will (need to) increase. While we believe much activity will come to scaling chains like Core, Bitcoin native activity and assets like BRC20s, Runes, and Ordinals will continue to be instrumental in keeping Bitcoin secure and miner-profitable. Sats Terminal’s role in increasing accessibility to these products directly align with Core’s mandate to preserve Bitcoin’s economic security by ensuring consistent blockspace demand and miner revenue as block rewards continue to decrease.

Sats Terminal Platform

Sats Terminal serves as an aggregation layer for Bitcoin DeFi, offering users unified access to top rates for BTC token swaps, efficient bridging, and leading BTC yields, all in one place.

• DEX Aggregator: For traders, the Sats Terminal algorithm splits orders across multiple DEXes and AMMs, optimizing UTXOs and generating a single PSBT for streamlined execution
• Bridge Aggregator: For users looking to leverage BTC in other ecosystems, Sats Terminal identifies most efficient cross-chain routes to minimize fees and latency when moving assets across chains
• Staking Aggregator: For users looking to access yields on their BTC, Sats Terminal auto-compounds staking rewards within Bitcoin scaling ecosystems like Core, maximizing yield for users with just one signature.

Under development are an SDK and API allowing developers to easily access these products.

Traction

Sats Terminal is rapidly expanding within the Bitcoin ecosystem. Leading BTC wallets, including Xverse, Magic Eden, Leather, Tokeo, OKX, and Unisat, and 75% of top 25 Runes projects are already supported by its DEX aggregator.

Beyond wallet access, major applications like Liquidium Swap and Xverse v0.51 have chosen Sats Terminal to power their native swap infrastructure, recognizing it as the most reliable and performant product on the market.

Looking Forward

Sats Terminal continues to build momentum with several high-impact developments underway. A BTC borrow aggregator is being developed, aimed at optimizing lending markets across markets. Internally, the staking aggregator and Amber points program are in active testing and are expected to launch soon.

Bridging providers are also recognizing the importance of Sats Terminal, as integrations for projects like Garden Finance and Beyond.tech are already in progress.

The Sats Terminal’s DEX aggregator is live at app.satsterminal.com. Be sure to follow their journey on X at https://x.com/satsterminal.

Core Ventures is always looking for founders bringing utility and impact to Bitcoin as an asset and network. If you’re pioneering Bitcoin infrastructure, reach out at investments@coredao.org