SBTC，領先的比特幣（BTC）第2層（L2）網絡

堆棧，領先的比特幣（BTC）第2層（L2）網絡，用於BTC面向的分散融資（DEFI），已宣布其SBTC令牌

Stacks, the leading Bitcoin (BTC) Layer-2 (L2) network for BTC-oriented decentralized finance (DeFi), has announced that its sBTC token has been adopted by a number of institutional clients, as detailed to Finbold on Thursday, February 27.

領先的比特幣（BTC）第2層（L2）網絡用於BTC面向分散的金融（DEFI），已宣布，其SBTC代幣已被許多機構客戶採用，並於2月27日星期四詳細介紹了Finbold。

sBTC’s next major milestone will be the launch of its withdrawal functionality, which is scheduled for March 2025.

SBTC的下一個主要里程碑將是其撤回功能的啟動，該功能定於2025年3月。

sBTC adoption

採用SBTC

As a decentralized, Bitcoin-backed, programmable asset, sBTC is designed to bring additional flexibility to the BTC ecosystem.

作為一個分散的，由比特幣支持的可編程資產，SBTC旨在為BTC生態系統帶來額外的靈活性。

Early sBTC adopters included UTXO, SNZ, Jump Crypto, Sypher Capital, and Asymmetric Research, all part of the initial deposit cap.

早期的SBTC採用者包括UTXO，SNZ，Jump Crypto，Sypher Capital和不對稱研究，這都是初始存款上限的一部分。

The rapid demand for sBTC soon led to a second cap raise, tripling the deposit capacity.

對SBTC的迅速需求很快導致了第二次上限，增加了存款能力的三倍。

Fully subscribed within just 24 hours, the second cap signaled a surge in interest among all kinds of investors, most notably Zest Protocol, which has so far accumulated nearly 40% of the total sBTC in circulation.

第二個上限在短短24小時內就完全訂閱了，這表明了各種投資者的興趣激增，最著名的是熱情的協議，該協議迄今積累了近40％的循環中SBTC的40％。

The growing demand for tokenized Bitcoin assets

對標記比特幣資產的需求不斷增長

The demand for tokenized Bitcoin assets continues to grow as more and more Bitcoin holders realize that L2 networks like Stacks can offer both innovative solutions and core security of Bitcoin.

隨著越來越多的比特幣持有者意識到，像堆棧這樣的L2網絡可以提供創新的解決方案和比特幣的核心安全性，對令牌化比特幣資產的需求繼續增長。

According to the Bitcoin Builders Association, tokenized Bitcoin has reached 1.67% of the current BTC supply, statistics not matched since October 2022.

根據比特幣建設者協會的數據，令牌化的比特幣已達到當前BTC供應的1.67％，自2022年10月以來一直與統計數據不匹配。

What sets sBTC apart from other tokenized assets is its versatility, that is, its ability to enable flexible smart contracts and transactions without compromising the security and immutability characteristic of “digital gold.”

設定SBTC與其他令牌資產不同的是它的多功能性，即它具有靈活的智能合約和交易的能力，而不會損害“數字黃金”的安全性和不變性。

The rise of Bitcoin Layer 2 solutions

比特幣第2層解決方案的興起

L2 BTC has been one of the most significant trends in the cryptocurrency space over the past year.

在過去一年中，L2 BTC一直是加密貨幣領域中最重要的趨勢之一。

Data published by DeFiLlama suggest that the total value locked (TVL) in Bitcoin L2 networks has increased by over 460% (from ~$500 million in 2024 to ~$2.8 billion in February 2025).

Defillama發布的數據表明，比特幣L2網絡中的總價值鎖定（TVL）增長了460％以上（從2024年的5億美元到2025年2月的28億美元）。

This surge reflects the increasing demand for L2 solutions that enable greater BTC functionality.

這種激增反映了對L2解決方案的需求不斷增長，從而實現了更大的BTC功能。

Given how close sBTC is to Bitcoin, and given its adoption by some of the most influential players in the industry, including ecosystems like Solana (SOL) and Aptos (APT), sBTC could become a key to ensuring the demand for Bitcoin assets remains steady.

鑑於SBTC與比特幣有多近，並且鑑於該行業中一些最具影響力的參與者（包括Solana（Sol）（Sol）和Aptos（APT）（APT）等生態系統的採用，SBTC可能成為確保對比特幣資產需求的關鍵。