We’re excited to share that Mezo, which provides an on-chain Bitcoin banking experience owned and controlled by its users, is now officially live on Dune.
Starting today, all of Mezo’s onchain activity — from Bitcoin-backed loans and MUSD stablecoin flows to liquidity pools, swaps, vaults, and mats rewards — is fully queryable, visualizable, and exportable through Dune’s platform.
What is Mezo?
Mezo provides a self-custodial Bitcoin banking experience, enabling permissionless Bitcoin finance directly onchain, no intermediaries, no credit checks, no banking hours. It’s just you, your Bitcoin, and 24/7 access to financial services built on the world’s most decentralized asset.
Mezo brings banking-like functionality to Bitcoin while maintaining its open ethos:
- Fixed-Rate Bitcoin Loans : Deposit BTC as collateral, mint MUSD, Mezo’s Bitcoin-backed native stablecoin, and borrow at fixed rates starting from 1%, with no repayment schedules or penalties.
- Bitcoin Savings Vaults: Earn yield by depositing BTC or MUSD into onchain vaults that allocate liquidity across lending and DeFi strategies.
- Mezo Pools & Swap: Trade between BTC, MUSD, USDC, and USDT via an integrated DEX powered by automated liquidity pools — no order books or market makers.
- Sats as Gas: Every Mezo transaction is paid in sats, aligning economic incentives with the Bitcoin network and redistributing fees to users.
- Built on tBTC: Powered by the most battle-tested decentralized Bitcoin bridge (24k+ BTC bridged since 2020) — fully verifiable, trust-minimized, and open-source.
- Permissionless Building: As an EVM-compatible chain, Mezo lets developers build Bitcoin-native apps using familiar Ethereum tools like Hardhat and Foundry.
- mats Rewards: Earn mats, Mezo’s native rewards points, for verified onchain activities such as bridging, borrowing, swapping, or providing liquidity.
Mezo data on Dune
With Mezo now integrated into Dune, analysts and builders can explore the full picture of Bitcoin finance with EVM-compatible networks.
Dune data highlights strong early traction across both the network and the MUSD system:
- 274,000+ lifetime transactions processed on Mezo.
- 16,120 unique user addresses, showing early but steady adoption.
- $26,700+ in cumulative gas fees, all paid in BTC — demonstrating real economic activity through Bitcoin-native gas.
- 2,000+ smart contracts deployed, signaling rapid ecosystem growth and active developer participation.
- 6.77M MUSD in active loans, backed by 321 BTC of collateral.
- ~6.8M total MUSD supply, with steady growth since launch.
- A system-wide collateral ratio of ~459%, reflecting conservative over-collateralization.
- 117+ active loan positions, mostly sub-10 BTC troves — indicating broad retail-level usage.
“We're thrilled to integrate with Dune. They're leaders in making onchain data usable, which is key for transparency. This validates our work and gives both our team and our users the clear, trustworthy data to make smart decisions.”
- Engin Erdogan, VP of Product at Mezo
Resources
The data must flow — and now Bitcoin banking does too. ₿
