# Bitcoin Standard Hashrate Token Sees Varied Trading Volume

**Published:** 2026-05-08T00:00:00.000Z  
**Topic:** Bitcoin Hashrate  
**Sentiment:** neutral  
**Publisher:** TrendWatcher — https://www.trendwatcher.in/article/2b55612c-c34c-4eb8-8641-c0e1b8b2b8d6

Bitcoin Standard Hashrate Token (BTCST) recently recorded a 24-hour trading volume of $120.12, according to one source, while others report different figures

The Bitcoin Standard Hashrate Token (BTCST), designed to tokenize Bitcoin mining power, recently registered a 24-hour trading volume of $120.12, reflecting an 81.30% decrease from the previous day's activity, according to CoinGecko [2]. However, other sources provide different figures, with Blockchain.com reporting a 24-hour volume of $119.45 [3], and CoinMarketCap stating the 24-hour trading volume as "not available" [1]. Bitscreener also reported a $0 24-hour volume [4].

**Key takeaways**
* The Bitcoin Standard Hashrate Token (BTCST) was launched on Binance Smart Chain (BSC) on December 13, 2020 [1].
* Each BTCST token represents 0.1 TH/s of Bitcoin mining power at an efficiency of 60 W/TH [1].
* By staking BTCST, holders can receive daily Bitcoin contributions corresponding to the staked mining power [1].
* The project aims to increase liquidity and efficiency in Bitcoin's mining market, allowing users to gain exposure to mining rewards at a low cost [1, 2].
* BTCST is governed as a decentralized autonomous organization (DAO), with token holders, miners, and the community collectively deciding on project issues [1].

## Tokenizing Bitcoin Mining
The Bitcoin Standard Hashrate Token (BTCST) was introduced on the Binance Smart Chain (BSC) in December 2020 [1]. Its core function is to tokenize Bitcoin's hashrate, with each token representing 0.1 TH/s of Bitcoin mining power [1]. This mechanism allows users to participate in Bitcoin mining from within the decentralized finance (DeFi) ecosystem [1]. Miners contribute their computational power to the platform and, in return, receive newly minted BTCST tokens [1].

The Standard Hashrate Group, which developed BTCST, is supported by industrial-scale Bitcoin miners that collectively accounted for 12% of Bitcoin's global hashrate as of February 2021 [1]. The project's objective is to bridge liquidity to the Bitcoin mining market, enabling users to access mining rewards and hashpower of any size without the need for physical mining rigs [1, 2]. BTCST tokens are only issued when eligible miners choose to standardize and tokenize Bitcoin hashrate, meaning the project has not conducted private or public sales [1]. Binance Pool acts as an auditor for BTCST, ensuring legitimacy and transparency [1].

## Market Performance and Structure
The market capitalization for BTCST is reported differently across sources. CoinMarketCap lists a live market cap of $125,163 USD [1], while CoinGecko reports $76,287.03 [2], and Blockchain.com shows $75,392.00 [3]. The circulating supply also varies, with CoinMarketCap stating 12,201,401 BTCST coins [1], CoinGecko reporting 7.3 million tokens [2], and Blockchain.com listing 7,287,600 [3]. The maximum supply for BTCST is consistently reported as 15,000,000 BTCST coins [1, 2, 3].

BTCST's price performance has seen significant fluctuations. It reached an all-time high of $91.94 and an all-time low of $0.007069, according to CoinGecko [2]. As of a recent update, it was trading 100% below its peak and 43.50% above its lowest price [2]. The token has shown a 12.00% price increase over the last seven days, outperforming the global cryptocurrency market, which was down 3.60% during the same period [2].

## Why it matters
The BTCST project aims to democratize access to Bitcoin mining, allowing a broader range of participants to engage without the high costs and maintenance associated with traditional mining [1, 2]. By tokenizing hashrate and integrating with the DeFi ecosystem, BTCST seeks to enhance the liquidity and efficiency of the mining power market [1]. The varying reports on trading volume and market capitalization across different data providers highlight the dynamic and sometimes inconsistent nature of cryptocurrency market data [1, 2, 3, 4]. The project's governance by a DAO, involving token holders and miners, underscores a commitment to decentralized decision-making for its future development [1].

## Sources
1. CoinMarketCap — [Bitcoin Standard Hashrate Token price today, BTCST to USD ...](https://coinmarketcap.com/currencies/btc-standard-hashrate-token/)
2. CoinGecko — [BTC Standard Hashrate Token Price: BTCST/USD Live Price Chart ...](https://www.coingecko.com/en/coins/btc-standard-hashrate-token)
3. Blockchain.com — [Btc Standard Hashrate Token - BTCST Price, Live Chart, and ...](https://www.blockchain.com/explorer/assets/btcst)
4. Bitscreener — [Bitcoin Standard Hashrate Token [BTCST] Live Prices & Chart](https://bitscreener.com/coins/btc-standard-hashrate-token)

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Cite as: TrendWatcher, "Bitcoin Standard Hashrate Token Sees Varied Trading Volume", https://www.trendwatcher.in/article/2b55612c-c34c-4eb8-8641-c0e1b8b2b8d6