The Bitcoin network has seen an impressive surge in its Total Value Locked (TVL), surpassing $4.3 billion with 44,369 BTC currently staked.
This growth follows Babylon’s groundbreaking introduction of native Bitcoin staking, which has revolutionized how users participate in Bitcoin’s ecosystem.
Babylon Labs is at the forefront of this shift, with nearly 24,000 BTC staked on its platform, supported by notable delegations from Lombard Finance (7,166 BTC) and Solv Protocol (7,089 BTC). This substantial increase in TVL highlights the growing confidence in Bitcoin’s staking capabilities.
Here’s the breakdown of the current TVL across various projects within the Bitcoin network:
– Babylon Labs: $2.392 billion
– Lombard Finance: $1.068 billion
– Solv Protocol (SolvBTC.LSTs): $728.39 million
– exSat Network: $726.49 million
– Lightning Network: $508.82 million
– tBTC Project: $495.39 million
– Lorenzo Protocol: $184.54 million
– AI Layer XYZ: $144.74 million
These figures demonstrate the growing influence of Bitcoin-based projects and their role in the wider DeFi ecosystem. Babylon, in particular, is leading the charge in Bitcoin staking, setting a new precedent for how Bitcoin can be utilized within decentralized finance.
As more projects integrate Bitcoin staking and expand their ecosystems, the network’s TVL is likely to continue rising, signaling a significant shift in the role of Bitcoin within the broader cryptocurrency market.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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