Over $1.5B worth of BTC is now locked in Bitcoin Layers
Bitcoin Layers released a new dashboard tracking BTC locked on Bitcoin Layers
Hello Bitcoin Builders,
Bitcoin Layers, a Bitcoin scaling research platform, released a dashboard of Bitcoin locked on Bitcoin Layers.
A few quick observations:
1). Over 26k Bitcoin is locked on Bitcoin Layers. That’s over $1.5B TVL. Since May, this number has steadily increased.
2). The BTC locked comes from about 10 Bitcoin Layers (as documented by Bitcoin Layers). Again, we’ve seen a steady rise since around May.
Layers:
Marathon Digital’s Anduro released a new Bitcoin sidechain called Coordinate. Coordinate includes a 1:1 Bitcoin-backed asset called cBTC.
Let’s take an early look into Coinbase’s cbBTC product. According to TVL metrics for Base on L2Beat, cbBTC has $55M TVL (~880 BTC Locked).
Bitcoin Magazine’s Shinobi dives into Fractal Bitcoin, calling it a “misleading affinity.”
The Stacks Nakamoto upgrade is progressing. Core Devs will pick a block for a Stacks chain hard fork in the coming days.
Other:
Another country owns Bitcoin: Bhutan has amassed nearly $1 billion worth of BTC.
Another publicly traded US company announced it was adopting Bitcoin as its primary treasury reserve asset.
US Congressmen Warren Davidson pressures Gary Gensler and the SEC.