Lombard Finance has achieved a remarkable milestone with its LBTC token, surpassing 13,000 in total supply.
This accomplishment cements LBTC’s position as the largest Bitcoin Liquid Staking Token (LST) available in the market today.
Introduced with a mission to bridge Bitcoin and decentralized finance (DeFi), Lombard Finance has quickly gained traction among users. In just three months, the platform has attracted over 40,000 users who have staked approximately $1.3 billion worth of BTC. This impressive growth rate surpasses that of Lido’s stETH, which required four months to reach a similar level of adoption and staked assets.
LBTC’s utility within the DeFi ecosystem is equally noteworthy. Around 80% of LBTC is actively deployed across three major blockchains—Ethereum, Base, and BNB Chain—underscoring its role in driving liquidity and innovation in the sector.
With its rapid adoption and substantial utility, LBTC is setting new benchmarks for Bitcoin staking tokens, offering both security and scalability for users exploring DeFi opportunities.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
Follow us on Twitter @themerklehash to stay updated with the latest Crypto, NFT, AI, Cybersecurity, and Metaverse news!
Image Source: burdyak/123RF // Image Effects by Colorcinch
In a landmark decision that reshapes U.S. trade policy, the Supreme Court of the United…
The global stablecoin market is entering a new phase of recalibration as the circulating supply…
The tokenized equities sector is accelerating rapidly, and xStocks has now crossed a defining milestone:…
Coinbase-incubated Layer 2 network Base is entering a new phase of its development, moving toward…
Zora has officially launched its new “attention market” on the Solana blockchain, marking a bold…
The XRP Ledger has introduced a new on-chain trading framework that signals a notable shift…