Citrea Bitcoin L2 Mainnet Campaign: Dashboard, Bridge, ctUSD & Metrics

2026-02-07

Citrea Bitcoin Layer-2 mainnet campaign and infrastructure overview

@citrea_xyz went live on MAINNET on January 27. By early February, 157,213 transactions had settled on-chain, with 1.23K total active accounts and 636 cBTC transfers recorded.

The team deployed a dashboard tracking six distinct participation categories. This is what bootstrap activity looks like when the infrastructure actually works.

How the Dashboard Works (And Why It Matters)

The campaign tracks real on-chain behavior, not abstract point systems. Instead of rewarding clicks, Citrea measures capital deployment, liquidity depth, and trading activity, pulling participation in a fundamentally different direction.

Citrea dashboard overview

Citrea Mainnet Dashboard Status (Jan 27 – Feb 3):

Live Categories

Bridger
Measures net asset inflow and duration. How much BTC or stablecoins enter Citrea, and how long capital stays deployed. The longer you hold, the higher your score.
Liquidity Provider
Pool depth across pairs and duration of commitment. Covers activity on @SatsumaDEX, @JuiceSwap_com, and other AMMs.
Trader
On-chain swap volume and frequency.

Coming Soon

Lender
BTC-backed lending markets via @ZentraFinance, tracking cBTC deposits and ctUSD borrows.
Yield Strategist
Participation in structured vaults and institutional yield products.
Adventurer
Experimental features: prediction markets, privacy tools, Lightning swaps.

What stands out is retroactive accounting. Bridging activity from day one counted toward scores even before the Bridger tracker went live on January 30. Early users received Week 1 boosts, after which metrics ran independently. Farming is not eliminated — but it’s far less obvious.

The Stablecoin Play: ctUSD as an Institutional Bridge

Source:
https://www.blog.citrea.xyz/introducing-citrea-usd-ctusd-the-native-stablecoin-for-bitcoin-issued-by-moonpay-and-powered-by-m0/

MoonPay issued ctUSD as Citrea’s native stablecoin, powered by M0 infrastructure. The advantage is clear: instant fiat on/off ramps without exchange gatekeeping.

What matters operationally:

Instant fiat access
Users in 49 US states can buy ctUSD via MoonPay using a credit card. No exchange account required. (New York and several countries remain excluded due to regulation.)
Institutional settlement
ctUSD redeems to real dollars. Lock BTC, borrow ctUSD, and cash out to a bank account — a direct bridge to traditional finance workflows.
Unified liquidity
One canonical stablecoin means liquidity concentrates instead of fragmenting. Pairs like cBTC/ctUSD formed immediately with minimal slippage.
Compliance infrastructure
MoonPay operates across 160+ countries, giving Citrea an operational edge most BTCL2s lack.

In week one, ctUSD held its peg, remained liquid under large swaps, and generated real LP fees. That’s the baseline — novelty traction fades, but infrastructure performance remains measurable.

The Bridge Architecture: BitVM in Practice

Citrea bridge architecture

Citrea’s Clementine bridge uses Bitcoin itself as the security layer, avoiding federated multisigs or custodial vaults.

How It Works

Ten signers (Galaxy Digital, Nansen, Nethermind, Luxor, HashKey Cloud, Finoa, Chainway Labs, Coinsummer, 0xmakase_jp) control a shared BTC vault via N-of-N MuSig2.
All ten must collaborate to release BTC — but security only requires one honest signer to prevent theft.
Withdrawal rules are pre-signed. Any invalid withdrawal can be challenged on Bitcoin L1 via BitVM, proving fraud directly on-chain.

Cost Compression

Bridge validation costs dropped from ~$15,000 per batch to under $100.
Roughly 5,000 L2 transactions settle to Bitcoin for about $0.02 per transaction.
Batches post frequently with minimal Bitcoin footprint using Taproot proofs.

Citrea combines ZK-rollup execution, BitVM dispute resolution, and signer accountability — without Bitcoin soft forks or native SNARK verification.

Early Metrics: What We’re Seeing

Explorer:
https://explorer.mainnet.citrea.xyz/stats

Total transactions: 156.841K
cBTC transfers: 660
Total accounts: 1.23K
Total addresses: 4.094K

Citrea mainnet metrics

Transaction success rates stayed above 99% throughout the first month. Gas usage remains negligible — around 0.001 cBTC in 24 hours — indicating real usage, not subsidy farming.

Early UX friction (users holding only stablecoins without cBTC for gas) was acknowledged quickly. Account abstraction improvements are already planned, suggesting hands-on operational ownership rather than outsourced maintenance.

What’s Next: Remaining Categories

Lender
Unlocks BTC-backed lending — the core of Bitcoin capital markets.
Yield Strategist
Structured products and institutional vaults. Execution quality will determine adoption.
Adventurer
Experimental primitives including privacy tools like @crest_btc and novel Bitcoin-native features.

The Partnership Lineup (Why It Matters)

The partner list isn’t branding — it’s operational responsibility:

@GalaxyHQ — capital + infrastructure.
@nansen_ai, @Nethermind, @Luxor, @HashKeyCloud, @Finoa_io — institutional ops teams running nodes and signers.
@MoonPay — 30M+ users, real banking rails.
@Morpho — lending infrastructure.
@Keyrock — institutional market making and yield strategies.

These aren’t hypothetical integrations. If something breaks, it’s their ops teams on call.

Final Take

The architecture is verifiable.
The metrics track capital retention, not clicks.
The stablecoin works.
The bridge settles cleanly.

Week one delivered on the promise: Bitcoin infrastructure that actually works. The real test now is scale — whether Citrea evolves into a durable Bitcoin capital markets layer.

As of early February, all the pieces are in place.