BTC cross-chain protocol Free Protocol TVL exceeds $1 billion

According to the latest data from Defillama, the cumulative total value locked (TVL) of BTC homogeneous token cross-chain standard Free Protocol has exceeded $1 billion, leading other products in the industry. Compared to protocols such as LayerZeroOFT, Free Protocol is more mature in terms of 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, and uBTC, as well as 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 the need for 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.