BTCS Inc. (BTCS) (“BTCS” or the “Company”), a blockchain technology-focused company, short for Blockchain Technology Consensus Solutions, today announced a significant development in its Ethereum network operations. BTCS’s block builder surpassed 2.7% market share of all Ethereum network transactions during Q2, a benchmark achievement that has enabled the Company to qualify on July 1 for direct order flow from MetaMask, the leading Ethereum wallet built by ConsenSys with over 100 million users.
This development represents a critical milestone in BTCS’s efforts to scale its Builder+ block building business. MetaMask, used by millions globally, is a cornerstone in the decentralized finance (DeFi) ecosystem and Layer 2 (L2) networks. Access to its order flow positions BTCS to capture transactions, which are anticipated to have higher associated fees, essential for building more profitable blocks.
The MetaMask integration complements four other significant order flow partnerships secured during Q2, including Blink, Kolibrio, Cowswap, and Copium, further diversifying BTCS’s order flow sources and reinforcing its presence as an Ethereum block builder.
“Since entering the builder market in 2024, we’ve faced a classic chicken-and-egg dilemma,” said Charles Allen, CEO of BTCS. “You can’t secure meaningful order flow unless you’re building a large volume of blocks and control block space-and you can’t build profitable blocks without that order flow. With MetaMask and others now onboard as order flow providers, we’re making meaningful progress in establishing our market position.”
As a result of our ongoing efforts to increase market share, our second-quarter revenue is expected to be an all-time record high. However, our mission to control block space and win order flow partners will have a negative impact on margins, which we expect to address through the continued scaling of operations.
BTCS continues to strategically grow revenue through:1) enhancing our tech stack, 2) increasing order flow, and 3) controlling block space.
“This is more than just a technical milestone-it’s a validation of our strategy and the long-term value of investing in robust, decentralized infrastructure,” Allen added.
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