Bitcoin Eco Map 2025
The Bitcoin ecosystem is heating up: 20+ BTC Layer 2s, 56K BTC staked with Babylon, 7+ Wrapped BTCs, and Binance Labs backing 7 projects in 2024. The potential is clear 👇
✦ Bitcoin-backed Stablecoin
In 2024, over 10 Bitcoin-backed stablecoins emerged across mainnet and testnet. While the category is still relatively new, only a few protocols have reached mainnet with diverse use cases.
• @Satoshi_BTCFi built the first Omni-CDP by integrating LayerZero, enabling users to deposit BTC on the source chain and mint satUSD across any destination chains, with a $20M TVL now. Our mission is to connect Bitcoin liquidity to broader ecosystem.
• @avalonfinance_ mission is to power Bitcoin’s on-chain capital markets. Users deposit BTC to borrow USDa at fixed rates. $AVL token launches on Bybit soon.
• @yalaorg is a Bitcoin-based asset protocol designed to channel Bitcoin liquidity into multiple ecosystems using $YU, a Bitcoin-collateralized stablecoin pegged to the USD
@Satoshi_BTCFi@yalaorg@bitsmiley_labs@avalonfinance_@HermeticaFi@Ducatstable@bimabtc@ShellFinance_
✦ Wrapped BTC
@WrappedBTC continues to dominate the market with 58% share, though its dominance declined in 2024 as alternatives like BTCB, cbBTC, and tBTC steadily gained traction.
• @WrappedBTC has a $12.8B market cap, with 132.5K BTC locked, representing 0.63% of the total Bitcoin supply. And marks a total supply decrease of -16.4% in 2024.
• cbBTC, developed by @coinbase, has a $1.58B market cap with 16.3K BTC locked, experiencing rapid supply growth in wrapped Bitcoin category.
• tBTC, developed by @TheTNetwork, is another popular wrapped Bitcoin option with a supply of 5.19K tBTC and a market cap of $501.86M. It has seen a 97% increase in total supply in 2024.
@WrappedBTC@tBTC_project@IgnitionFBTC@ibtcnetwork@coinbase@Stacks
✦ Restaking
In 2024, over $550M in BTC Liquid Staking Tokens (LSTs) were restaked, attracting a growing number of users and projects.
• @Pell_Network has over $400M in restaked tokens and 450K+ stakers, leveraging BTC and LSDs to provide actively validated services (AVS).
• @satlayer, as @babylonlabs_io's designated restaking partner and @SuiNetwork's BTC restaking partner, is heating up with $29M in restaked assets (310 BTC) and 17K active users after coming out of stealth in August
• @ChakraChain manages $114M TVL, serving 50K+ users and integrating with 20+ blockchains, driving Bitcoin liquidity and utility.
✦ Interoperability & Bridges
2024 saw significant growth in Bitcoin interoperability, with 10+ solutions available, enabling seamless cross-chain interactions and expanding Bitcoin’s reach.
• @Orbiter_Finance raised $200M in Series A, processing 34M+ transactions and $28B+ in bridged volume, solidifying its position as a leading cross-chain solution, backed by OKX Venture.
• @ParticleNtwrk has 30M+ users, 900K Bitcoin-connected wallets, and $2B+ in assets. Its new Dual Staking product enhances cross-chain capabilities.
@ParticleNtwrk@zetablockchain@PolyhedraZK@PortaltoBitcoin@beyond__tech@XLinkbtc@OmnityNetwork@Owlto_Finance@Orbiter_Finance@OmniBTC