比特幣 [BTC] DeFi TVL 在 2024 年第一季飆升近 600%，2025 年下一步是什麼？

比特幣 [BTC] DeFi TVL（鎖定總價值）在 2024 年第一季飆升了近 600%，專家現在預計在關鍵的 L2 發布之前，2025 年會有更多成長。

Bitcoin [BTC] DeFi total value locked (TVL) soared by nearly 600% in Q1 2024, with experts now projecting more growth in 2025 ahead of key L2 launches.

比特幣 [BTC] DeFi 鎖定總價值 (TVL) 在 2024 年第一季飆升了近 600%，專家現在預計在關鍵的 L2 發布之前，2025 年會有更多成長。

In fact, recent DeFiLlama data indicated that a record high of over 70k BTC (Worth $6.68 billion) has been locked across its DeFi ecosystem.

事實上，最近的 DeFiLlama 數據顯示，其 DeFi 生態系統已鎖定超過 7 萬個 BTC（價值 66.8 億美元），創下歷史新高。

This was a sharp hike from about 13k BTC locked as of October, underscoring a vibrant DeFi ecosystem. Hence, the question – What’s driving the BTC renaissance and what’s next in 2025?

這與截至 10 月鎖定的約 13,000 BTC 相比大幅上漲，凸顯了充滿活力的 DeFi 生態系統。因此，問題來了——是什麼推動了 BTC 的復興以及 2025 年的下一步是什麼？

Babylon leads BTC DeFi

巴比倫引領 BTC DeFi

From a protocol ranking perspective, Babylon, the latest restaking platform on the network, dominated with over 90% of the BTC DeFi TVL. It had $5.5 billion of TVL, underscoring immense investor trust in the protocol.

從協議排名來看，網路上最新的重質押平台Babylon佔了超過90%的BTC DeFi TVL。它擁有 55 億美元的 TVL，突顯了投資者對該協議的巨大信任。

In fact, Babylon’s TVL soared by nearly 150% over the past month, as investors rushed to stake their BTC for yield.

事實上，隨著投資者紛紛押注 BTC 以獲得收益，Babylon 的 TVL 在過去一個月飆升了近 150%。

Lombard and SolvBTC ranked second and third, respectively, and were all staking protocols. This illustrates that the popular restaking narrative in Ethereum has spread to the Bitcoin ecosystem.

Lombard 和 SolvBTC 分別排名第二和第三，都是質押協議。這說明以太坊中流行的重新抵押敘事已經傳播到了比特幣生態系統。

However, top executives within the DeFi space expect more growth in 2025.

然而，DeFi 領域的高階主管預計 2025 年將會有更多成長。

According to Fisher Yu, CTO of Babylon, the protocol plans to merge BTC and the altcoin universe to enjoy the benefits of liquidity and security through the upcoming Babylon L2 launch. He said,

Babylon 技術長 Fisher Yu 表示，該協議計劃將 BTC 和山寨幣世界合併，透過即將推出的 Babylon L2 享受流動性和安全性的好處。他說，

“Our Phase-1 launch signalled that the Bitcoin universe and the mainstream universe is ready to embrace the altcoin universe. They comprise both retailer stakers and institutional stakers. This indicates a potential consensus in entering the altcoin universe.”

「我們第一階段的推出標誌著比特幣世界和主流世界已經準備好擁抱山寨幣世界。他們包括零售商利益相關者和機構利益相關者。這表明在進入山寨幣領域存在潛在的共識。

In fact, more institutional DeFi lending firms are gearing up to offer BTC derivatives as collateral this year.

事實上，今年更多的機構 DeFi 貸款公司正準備提供 BTC 衍生性商品作為抵押品。

Sidney Powell, CEO of DeFi lending firm Maple Finance, recently told the media that BTC could become the ‘premier collateral asset’ for DeFi systems. He said,

DeFi 借貸公司 Maple Finance 執行長 Sidney Powell 最近向媒體表示，BTC 可能成為 DeFi 系統的「首要抵押資產」。他說，

“With Bitcoin increasingly incorporated into institutional DeFi lending markets, it is poised to establish itself as a premier collateral asset within decentralized financial ecosystems.”

“隨著比特幣越來越多地融入機構 DeFi 借貸市場，它有望成為去中心化金融生態系統中首要的抵押資產。”

At the time, Powell cited BTC’s high liquidity and low counterparty risk for his projections.

當時，鮑威爾在他的預測中引用了比特幣的高流動性和低交易對手風險。

That being said, many scaling solutions such as the Lightning Network and Stacks already have planned upgrades to drive this BTC DeFi renaissance.

話雖如此，閃電網路和 Stacks 等許多擴容解決方案已經計劃進行升級，以推動 BTC DeFi 的復興。