比特币 [BTC] DeFi TVL 在 2024 年第一季度飙升近 600%，2025 年下一步是什么？

比特币 [BTC] DeFi TVL（锁定总价值）在 2024 年第一季度飙升了近 600%，专家们现在预计在关键的 L2 发布之前，2025 年会有更多增长。

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.

比特币 [BTC] DeFi 锁定总价值 (TVL) 在 2024 年第一季度飙升了近 600%，专家们现在预计在关键的 L2 发布之前，2025 年会有更多增长。

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.

事实上，最近的 DeFiLlama 数据显示，其 DeFi 生态系统已锁定超过 7 万个 BTC（价值 66.8 亿美元），创下历史新高。

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?

这与截至 10 月份锁定的约 13,000 BTC 相比大幅上涨，凸显了充满活力的 DeFi 生态系统。因此，问题来了——是什么推动了 BTC 的复兴以及 2025 年的下一步是什么？

Babylon leads BTC DeFi

巴比伦引领 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.

从协议排名来看，网络上最新的重质押平台Babylon占据了超过90%的BTC DeFi TVL。它拥有 55 亿美元的 TVL，突显了投资者对该协议的巨大信任。

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

事实上，随着投资者纷纷押注 BTC 以获得收益，Babylon 的 TVL 在过去一个月飙升了近 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 分别排名第二和第三，并且都是质押协议。这说明以太坊中流行的重新抵押叙事已经传播到了比特币生态系统。

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

然而，DeFi 领域的高管预计 2025 年会有更多增长。

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 首席技术官 Fisher Yu 表示，该协议计划将 BTC 和山寨币世界合并，通过即将推出的 Babylon L2 享受流动性和安全性的好处。他说，

“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.”

“我们第一阶段的推出标志着比特币世界和主流世界已经准备好拥抱山寨币世界。他们包括零售商利益相关者和机构利益相关者。这表明在进入山寨币领域存在潜在的共识。”

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

事实上，今年更多的机构 DeFi 贷款公司正准备提供 BTC 衍生品作为抵押品。

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 借贷公司 Maple Finance 首席执行官 Sidney Powell 最近向媒体表示，BTC 可能成为 DeFi 系统的“首要抵押资产”。他说，

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

“随着比特币越来越多地融入机构 DeFi 借贷市场，它有望成为去中心化金融生态系统中首要的抵押资产。”

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

当时，鲍威尔在他的预测中引用了比特币的高流动性和低交易对手风险。

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

话虽如此，闪电网络和 Stacks 等许多扩容解决方案已经计划进行升级，以推动 BTC DeFi 的复兴。