We’re back again with the seventh installment of “What’s Up Bitcoin,” our latest series to keep our followers up-to-date with the highlights of what’s happening in the Bitcoin ecosystem over the past few weeks! 🦾🧵👇
1. BTCfi TVL Pushes Past $4 Billion.
Let’s start with some data from our friends at Bitcoin Ecosystem
The BTCfi world’s TVL has surged to a staggering $4+ billion since Babylon introduced BTC staking.
The stats are impressive, with lots of protocols sharing the TVL;
1b/
Bitcoin Ecosystem also highlights that growth in BTCfi is surging, with the top protocols seeing 100%+ surges in TVL during November;
2. Bitlayer Makes Breakthrough for BitVM
Bitlayer announced that it believes to have found the last missing piece of a complete BitVM implementation with a manual SNARK verifier chunker to BitVM open source.
The following thread perfectly breaks down Bitlayer’s efforts in the BTCfi space with its work on BitVM:
3. BOB Introduces 1-Click BTC Staking to 5M+ Users
After crossing $200M in TVL, Build on Bitcoin announced that 1-click BTC staking access has been extended to 5M+ DeFi users;
4. BEVM Introduces Super Bitcoin
With the BEVM DAO total members crossing 200K in November, BEVM announced its plans to build Super Bitcoin – A Value Internet Sharing Bitcoin’s Consensus Security:
5. Stacks sBTC Gains Adoption and Launches Nakamoto Upgrade
Stacks Foundation shared a long list of protocols that are integrating and embracing its BTC variant, sBTC, showing that BTCfi is laying the foundations for what’s to come in 2025:
5b/
Stacks also launched its Nakamoto Upgrade earlier in the month, setting the stage for what’s to come with sBTC:
6. CORE Introduces Dual-Staking
Finally, CoreDao announced that its innovative dual-staking mechanism is live with the launch of the Fusion Upgrade, boosting Bitcoin yields by staking $CORE + $BTC Together.
https://x.com/Coredao_Org/status/1859205189393166794
About Persistence One
Persistence One is building a Bitcoin interoperability solution to enable cross-chain BTC swaps across Bitcoin Layer 2s.
The rapid rollout of Bitcoin L2s and side chains has led to fragmentation, hurting BTCfi scalability. Using the power of intents, Persistence One will enable users to move assets across Bitcoin Layer 2s more efficiently than traditional bridging, offering fast, secure, zero-slippage cross-chain swaps.
Twitter | LinkedIn | Telegram | YouTube | Reddit | [email protected]