Over $8B is now locked in Bitcoin-based DeFi protocols, signaling growing institutional interest and mainstream adoption.
Bitcoin DeFi platforms like Babylon Labs and Lombard Finance have seen significant growth, with billions of dollars locked in their ecosystems.
Solv Protocol, with $685 million in BTC reserves, aims to build a significant on-chain Bitcoin reserve through its yield-bearing staking token SolvBTC.BNB.
The growing demand for BTC staking and DeFi integration is considered a potential catalyst for driving upward pressure on Bitcoin's price.