{"id":18058,"date":"2024-10-24T17:32:20","date_gmt":"2024-10-24T14:32:20","guid":{"rendered":"https:\/\/forklog.com\/en\/bitcoin-restaking-tvl-nears-1-6-billion\/"},"modified":"2024-10-24T17:32:20","modified_gmt":"2024-10-24T14:32:20","slug":"bitcoin-restaking-tvl-nears-1-6-billion","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/bitcoin-restaking-tvl-nears-1-6-billion\/","title":{"rendered":"Bitcoin Restaking TVL Nears $1.6 Billion"},"content":{"rendered":"<p><span data-descr=\"total value locked\" class=\"old_tooltip\">TVL<\/span> in the Bitcoin restaking category has surpassed $1 billion, currently standing at nearly $1.6 billion.\u00a0<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-qw.googleusercontent.com\/docsz\/AD_4nXfbCNJm4sOzm2p_zhV04gzTe-zsdpeDnjooN8s8i3OddL5mViXsThrCnUfgvYWoHc2SPpBILRn7lxXWjsZudQM5Ejq8XkMsuBL262st1CkoCDfO3mVm5anUZiWYbijwS7o_bofNBeGnFeuG3DOReKwoxHWq?key=vsMvvotE-PQs33BvehlCRQ\" alt=\"TVL \u0440\u0435\u0441\u0442\u0435\u0439\u043a\u0438\u043d\u0433\u0430 \u0431\u0438\u0442\u043a\u043e\u0438\u043d\u0430 \u043f\u0440\u0438\u0431\u043b\u0438\u0437\u0438\u043b\u0441\u044f \u043a $1,6 \u043c\u043b\u0440\u0434\"\/><figcaption class=\"wp-element-caption\">Bitcoin restaking category TVL. Data: <a href=\"https:\/\/defillama.com\/protocols\/Restaking\/Bitcoin\">DeFi Llama<\/a>.<\/figcaption><\/figure>\n<p>The total TVL across the entire DeFi ecosystem of the first cryptocurrency amounts to $2.174 billion, placing the network seventh in the rankings by this measure.\u00a0<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-qw.googleusercontent.com\/docsz\/AD_4nXcA2J_p0n9OQioGFVLpiHxec8P7uDptDKNj8z0HtzJJMTiCEeqkqtMYeWoXUJCRQqDnq7AfpbiLdPV8UK61FK6lImN-8XvijxmXpRgAXplsylA1HXQsWV8Qbo0YTiGsdsnsoBMIRqqQT7ny0xgPy3PeN49l?key=vsMvvotE-PQs33BvehlCRQ\" alt=\"TVL \u0440\u0435\u0441\u0442\u0435\u0439\u043a\u0438\u043d\u0433\u0430 \u0431\u0438\u0442\u043a\u043e\u0438\u043d\u0430 \u043f\u0440\u0438\u0431\u043b\u0438\u0437\u0438\u043b\u0441\u044f \u043a $1,6 \u043c\u043b\u0440\u0434\"\/><figcaption class=\"wp-element-caption\">Blockchain TVL rankings. Data: <a href=\"https:\/\/defillama.com\/chains\">DeFi Llama<\/a>.<\/figcaption><\/figure>\n<p>The value has surged: on October 21, TVL was $587 million, and by October 22, it had reached $2.19 billion.<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-qw.googleusercontent.com\/docsz\/AD_4nXeoWzTkYlGzPhevzaeiWZocO6UYR4EpZ3_LqI8Y1ePokhMu0-lQRqmtN7bmu7HJ_elqQ4ODgim4JVolJ_kvmSJbd6VrC1saa34isCGthUJVVXWJSxI37tqTMCKtQmQDIcOuEJNGhXvwaBEHnWOR-FPGCSI?key=vsMvvotE-PQs33BvehlCRQ\" alt=\"TVL \u0440\u0435\u0441\u0442\u0435\u0439\u043a\u0438\u043d\u0433\u0430 \u0431\u0438\u0442\u043a\u043e\u0438\u043d\u0430 \u043f\u0440\u0438\u0431\u043b\u0438\u0437\u0438\u043b\u0441\u044f \u043a $1,6 \u043c\u043b\u0440\u0434\"\/><figcaption class=\"wp-element-caption\">Bitcoin network TVL growth in 2024. Data: <a href=\"https:\/\/defillama.com\/chain\/Bitcoin\">DeFi Llama<\/a>.<\/figcaption><\/figure>\n<h2 class=\"wp-block-heading\">New Products<\/h2>\n<p>On October 24, the tokenization protocol Midas announced the launch of a wrapped Bitcoin product, mBTC, offering a 4% annual yield in the first cryptocurrency.\u00a0<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">? New Product: We\u2019re excited to announce the launch of mBTC, our Bitcoin product offering 4% BTC-denominated yield! ??<\/p>\n<p>Get early access: <a href=\"https:\/\/t.co\/ciMmT5wmkV\">https:\/\/t.co\/ciMmT5wmkV<\/a><\/p>\n<p>(1\/6) ??<\/p>\n<p>\u26a1 Why mBTC? <a href=\"https:\/\/t.co\/VZOvYlPkiK\">pic.twitter.com\/VZOvYlPkiK<\/a><\/p>\n<p>\u2014 Midas (@MidasRWA) <a href=\"https:\/\/twitter.com\/MidasRWA\/status\/1849413044516077835?ref_src=twsrc%5Etfw\">October 24, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The income is generated &#8220;through collaboration with institutional asset managers and lenders.&#8221; Users are offered the opportunity to exchange wBTC and cbBTC for mBTC. The token is created on the Ethereum network.\u00a0<\/p>\n<p>The mBTC is supported by the lending protocol Morpho, with further integrations expected.\u00a0<\/p>\n<p>Earlier in October, the major smart contract oracle provider RedStone released a tool for liquid Bitcoin staking.\u00a0<\/p>\n<p>In July, the Core Chain team <a href=\"https:\/\/forklog.com\/en\/news\/core-chain-introduces-dual-staking-model-for-bitcoin\">introduced<\/a> a dual staking model for digital gold.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>TVL in the Bitcoin restaking category has surpassed $1 billion, currently standing at nearly $1.6 billion.\u00a0 Bitcoin restaking category TVL. Data: DeFi Llama. The total TVL across the entire DeFi ecosystem of the first cryptocurrency amounts to $2.174 billion, placing the network seventh in the rankings by this measure.\u00a0 Blockchain TVL rankings. Data: DeFi Llama. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":18057,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,1263],"class_list":["post-18058","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-restaking"],"aioseo_notices":[],"amp_enabled":true,"views":"22","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/18058","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=18058"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/18058\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/18057"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=18058"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=18058"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=18058"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}