According to the latest data from Defillama, the cumulative total staking value (TVL) of Free Protocol, a cross-chain standard for BTC homogeneous tokens, has exceeded 1 billion US dollars, leading other products in the industry. Compared with protocols such as LayerZero OFT, Free Protocol is more mature in market application scenarios. After multiple rounds of security audits, it has served a variety of mainstream BTC homogeneous tokens such as M-BTC, SolvBTC, BBTC, pumpBTC, uBTC, and mainstream public chains such as Merlin, Mode, zkLink, Linea, Scroll, Core, B2, Kava, Kroma, Klaytn, BounceBit, and BEVM.
It is reported that Free Protocol is a secure cross-chain service standard that allows the casting, transfer, and destruction of homogeneous tokens between multiple chains without asset packaging, intermediate chains, or liquidity pools, fundamentally eliminating the complexity of bridging BTC-related assets between chains. This not only realizes the multi-chain supply of BTC homogeneous tokens, but also simplifies the difficulty of multi-chain interaction and enhances the overall liquidity value in the DeFi ecosystem.
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