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Cryptocurrency News Articles

Lombard Finance's LBTC Token Surpasses 13,000 in Total Supply, Becoming the Largest Bitcoin Liquid Staking Token (LST) in the Market

Dec 17, 2024 at 01:50 pm

Introduced with a mission to bridge Bitcoin and decentralized finance (DeFi), Lombard Finance has quickly gained traction among users.

Lombard Finance's LBTC Token Surpasses 13,000 in Total Supply, Becoming the Largest Bitcoin Liquid Staking Token (LST) in the Market

Highlighting the key aspects of the article:

* Lombard Finance's LBTC token has achieved a significant milestone, surpassing 13,000 in total supply.

* As the largest Bitcoin Liquid Staking Token (LST) available in the market, LBTC aims to integrate Bitcoin with decentralized finance (DeFi).

* Within three months, the platform has attracted over 40,000 users who have staked approximately $1.3 billion in BTC.

* This rapid growth surpasses that of Lido's stETH, which took four months to reach a comparable level of adoption and staked assets.

* Around 80% of LBTC is actively deployed across three major blockchains—Ethereum, Base, and BNB Chain—highlighting its role in driving liquidity and innovation in the DeFi sector.

News source:themerkle.com

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Other articles published on Dec 17, 2024