L1 ranking update: Bitcoin’s on-chain TVL increased by $1.638 billion over 7 days to $5.975 billion, ranking 2nd.
TVL rankings are generally seen as a reference for the scale of on-chain DeFi. This increase is a positive sign for the Bitcoin ecosystem. However, some of the growth may also be due to rising asset prices, and a single data point doesn’t necessarily signal a shift in the landscape. We’ll have to see whether it can be sustained.
$BTC Current price: 77324.01.
TVL rankings are generally seen as a reference for the scale of on-chain DeFi. This increase is a positive sign for the Bitcoin ecosystem. However, some of the growth may also be due to rising asset prices, and a single data point doesn’t necessarily signal a shift in the landscape. We’ll have to see whether it can be sustained.
$BTC Current price: 77324.01.
