TechFlow reports, according to data released on Ignition's official Twitter, that FBTC launched by Ignition has surpassed $100 million in circulation volume within one month of launch, setting a new record.
FBTC is a 1:1 BTC-pegged, cross-chain Bitcoin asset incubated by Ignition and first launched on July 12, 2024, enabling users to leverage their Bitcoin to explore DeFi opportunities across multiple blockchains. Currently, FBTC's TVL has exceeded $100 million, aiming to become a key gateway for Bitcoin yield. Additionally, an upcoming holder incentive program will be introduced to encourage broader user participation.
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