SBTC，领先的比特币（BTC）第2层（L2）网络

堆栈，领先的比特币（BTC）第2层（L2）网络，用于BTC面向的分散融资（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.

领先的比特币（BTC）第2层（L2）网络用于BTC面向分散的金融（DEFI），已宣布，其SBTC代币已被许多机构客户采用，并于2月27日星期四详细介绍了Finbold。

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

SBTC的下一个主要里程碑将是其撤回功能的启动，该功能定于2025年3月。

sBTC adoption

采用SBTC

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

作为一个分散的，由比特币支持的可编程资产，SBTC旨在为BTC生态系统带来额外的灵活性。

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

早期的SBTC采用者包括UTXO，SNZ，Jump Crypto，Sypher Capital和不对称研究，这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.

对SBTC的迅速需求很快导致了第二次上限，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.

第二个上限在短短24小时内就完全订阅了，这表明了各种投资者的兴趣激增，最著名的是热情的协议，该协议迄今积累了近40％的循环中SBTC的40％。

The growing demand for tokenized Bitcoin assets

对标记比特币资产的需求不断增长

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.

随着越来越多的比特币持有者意识到，像堆栈这样的L2网络可以提供创新的解决方案和比特币的核心安全性，对令牌化比特币资产的需求继续增长。

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

根据比特币建设者协会的数据，令牌化的比特币已达到当前BTC供应的1.67％，自2022年10月以来一直与统计数据不匹配。

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.”

设定SBTC与其他令牌资产不同的是它的多功能性，即它具有灵活的智能合约和交易的能力，而不会损害“数字黄金”的安全性和不变性。

The rise of Bitcoin Layer 2 solutions

比特币第2层解决方案的兴起

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

在过去一年中，L2 BTC一直是加密货币领域中最重要的趋势之一。

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发布的数据表明，比特币L2网络中的总价值锁定（TVL）增长了460％以上（从2024年的5亿美元到2025年2月的28亿美元）。

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

这种激增反映了对L2解决方案的需求不断增长，从而实现了更大的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.

鉴于SBTC与比特币有多近，并且鉴于该行业中一些最具影响力的参与者（包括Solana（Sol）（Sol）和Aptos（APT）（APT）等生态系统的采用，SBTC可能成为确保对比特币资产需求的关键。