TechFlow news, on November 19, according to DeFi Llama data, FBTC, the cross-chain Bitcoin asset launched by Ignition, has surpassed $1 billion in total value locked (TVL), with a 7-day increase of over 27% and a 30-day surge exceeding 256%.
Notably, FBTC is a cross-chain Bitcoin asset issued by Ignition that is pegged 1:1 to BTC. The issuance utilizes TSS/MPC technology, providing users with secure and transparent cross-chain liquidity and yield opportunities for Bitcoin assets. FBTC has been integrated with over 40 on-chain protocols across Ethereum, Mantle, BNB Chain, Bob, and Arbitrum, offering diverse yield-generating options.
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