Although still smaller than its collateralized rivals, Ethena’s growth has been striking. In August, developer Ethena Labs reported that the protocol’s cumulative gross interest revenue had surpassed $500 million.
- 0 replies
- 0 recasts
- 0 reactions
once again $MEME is up 30% on the day The @Memeland comeback is going to be generational
- 0 replies
- 0 recasts
- 0 reactions
looking at data from @DefiLlama, we immediately see that the (re)staking sector accounts for over 90% of BTCFi's TVL. On this front, @babylonlabs_io has pioneered trustless Bitcoin staking by using Bitcoin’s native time-locking mechanism and scripting language. This allows BTC holders to earn yield by contributing to the security of PoS networks, known as Bitcoin Supercharged Networks. Babylon’s market position is a testament to its success; with a TVL of over $5.8 billion, it ranks second among all crypto restaking protocols and represents over 70% of BTCFi’s total TVL.
- 0 replies
- 0 recasts
- 0 reactions