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BTCFi TVL Faces Major Drop, but Bitcoin DeFi Growth Remains Strong!
The Total Value Locked (TVL) in Bitcoin-based DeFi (BTCFi) saw a sharp decline on April 17, 2025.
Due to a massive $1.26 billion BTC unstaking event on the Babylon staking platform, BTCFi TVL dropped by 32%, falling from $5.2B ➔ $3.5B.
What really happened?
Babylon Labs clarified that this unstaking was part of a transition to new finality providers, not a loss of trust.
Despite the recent dip, BTCFi showed explosive growth throughout 2024, skyrocketing by over 2,000% from $307M ➔ $6.5B, powered by innovations like the Lightning Network and rising institutional interest.
Current Bitcoin Price Update:
➔ $94,564 (+0.00498%)
➔ Intraday High: $95,533
➔ Intraday Low: $93,580
In short:
➔ Even though TVL faced a temporary shake-up, the long-term trajectory of Bitcoin DeFi remains bullish and full of potential.
Stay sharp! Big Whale Moves are incoming!
#WhaleHacker #BTCFi #Bitcoin #DeFi #CryptoUpdate #BinanceSquare
The Total Value Locked (TVL) in Bitcoin-based DeFi (BTCFi) saw a sharp decline on April 17, 2025.
Due to a massive $1.26 billion BTC unstaking event on the Babylon staking platform, BTCFi TVL dropped by 32%, falling from $5.2B ➔ $3.5B.
What really happened?
Babylon Labs clarified that this unstaking was part of a transition to new finality providers, not a loss of trust.
Despite the recent dip, BTCFi showed explosive growth throughout 2024, skyrocketing by over 2,000% from $307M ➔ $6.5B, powered by innovations like the Lightning Network and rising institutional interest.
Current Bitcoin Price Update:
➔ $94,564 (+0.00498%)
➔ Intraday High: $95,533
➔ Intraday Low: $93,580
In short:
➔ Even though TVL faced a temporary shake-up, the long-term trajectory of Bitcoin DeFi remains bullish and full of potential.
Stay sharp! Big Whale Moves are incoming!
#WhaleHacker #BTCFi #Bitcoin #DeFi #CryptoUpdate #BinanceSquare
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