Bitcoin DeFi ecosystem thrives despite market correction

by Aurelia Butler 30 April 2024, 19:40 119 Views

One such project, omnichain yield-generating protocol SolvBTC, has accumulated a total value locked (TVL) of $700 million from its yield-bearing Bitcoin minted on Arbitrum, Merlin, and BNB Chains. In a statement to Cointelegraph, SolvBTC developers claim that the protocol has recently surpassed 10,000 BTC staked and attracted “over 92,000 participants” shortly after its launch earlier this month.

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Source: Cryptocurrency - investing.com

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Bitcoin DeFi ecosystem thrives despite market correction

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