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TechFlow reported on January 17 that, according to Cointelegraph, the total value locked (TVL) in Bitcoin's decentralized finance (DeFi) sector saw significant growth in 2024.
Specifically, Bitcoin DeFi's TVL surged from $307 million in January 2024 to $6.5 billion by December 31, representing an increase of over 2000%.
Among this, Babylon, a Bitcoin staking and restaking platform, accounted for more than 80% of the total value locked in Bitcoin DeFi.
According to Cointelegraph, Bitcoin's decentralized finance (DeFi) total value locked (TVL) saw significant growth in 2024. Specifically, Bitcoin DeFi's TVL increased from $307 million in January 2024 to $6.5 billion on December 31, representing a surge of over 2,000%. Among this, Babylon, a Bitcoin staking and restaking platform, accounted for more than 80% of the total value locked in Bitcoin DeFi.
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