OP_NET goes live on Bitcoin mainnet
OP_NET launched on Bitcoin mainnet with native smart contract capability and Orange’s $PILL became the first OP_20 token post-airdrop, marking a step toward programmable money on BTC L1. The debut opens a new vector for Bitcoin-native DeFi and alternative yield primitives. (x.com)
OP_NET activated on Bitcoin mainnet on March 19, 2026, adopting a “SlowFi” architecture that records contract state in standard Bitcoin transactions and uses BTC as the sole gas asset. (opnet.org) (opnet.org) Contracts on OP_NET execute through Taproot/Tapscript pathways and a WebAssembly (WASM) runtime to allow multi-language smart contracts embedded in regular Bitcoin transactions. (boxmining.com) (boxmining.com) The launch includes an OP-20 fungible token standard plus MotoSwap (a Bitcoin‑L1 DEX) and MotoChef yield/staking contracts for on‑chain swaps and liquidity mining without wrapped BTC. (coincentral.com) (coincentral.com) Motoswap’s published tokenomics list MOTO with a total supply of 1,000,000,000 tokens, a 50% CBRC‑20 migration allocation, 331,000,000 for treasury, 100,000,000 for liquidity mining and 50,000,000 reserved for a Motocat airdrop. (motoswap.org) (docs.motoswap.org) The Motocat Racing Club is a 10,000‑piece Ordinals collection integrated into OP_NET incentives, and OP_NET used a March 15 snapshot to set final $PILL and $MOTO airdrop allocations. (motocats.xyz) (motocats.xyz) Motoswap enforces a 2,000‑block unstaking timer (~14 days) with an early‑exit slashing schedule that reaches a 20% penalty for immediate withdrawals. (motoswap.org) (docs.motoswap.org) Pre‑mainnet testnet stats published by builders showed over 325,000 swaps, roughly 296 million MOTO staked, ~13,800 tBTC staked and about 41 million PILL‑MOTO LP tokens staked before mainnet activation. (bitget.com) (web3.bitget.com)
