DeFi TVL on the Bitcoin network surged by nearly 600% in the first quarter of 2024, reaching a record high of over 70k BTC ($6.68 billion) locked across its ecosystem. This explosive growth is driven by the popularity of staking protocols like Babylon, which dominate the landscape with over 90% of the BTC DeFi TVL. Experts predict continued growth in 2025, fueled by upcoming Layer 2 (L2) launches and the increasing acceptance of BTC as collateral in DeFi lending platforms.
600% TVL hike in 2024, what next? https://ambcrypto.com/bitcoin-defis-2025-projections-after-600-tvl-hike-in-2024-what-next/" aria-label="Share on WhatsApp">DeFi TVL soared by nearly 600% in Q1 2024, with experts now projecting more growth in 2025 ahead of key L2 launches. In fact, r
In fact, Babylon’s TVL soared by nearly 150% over the past month, as investors rushed to stake their BTC for yield.Lombard and SolvBTC ranked second and third, respectively, and were all staking protocols. This illustrates that the popular restaking narrative in Ethereum has spread to the Bitcoin ecosystem.According to Fisher Yu, CTO of Babylon, the protocol plans to merge BTC and the altcoin universe to enjoy the benefits of liquidity and security through the upcoming Babylon L2 launch.
Defi Bitcoin TVL Staking L2 Collateral Growth Lending
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