Bitcoin Liquid Network Surpasses $3.27 Billion in Total Value Locked
In a significant milestone, the Liquid Network, a sidechain of Bitcoin, has exceeded $3.27 billion in total value locked (TVL). This achievement highlights the increasing role of Bitcoin in the realm of tokenized assets and financial infrastructure.
The CEO and Co-Founder of Blockstream, Dr. Adam Back, emphasized the importance of this milestone for both Liquid and Bitcoin. He noted that surpassing the $3 billion mark signifies the evolution of Bitcoin’s ecosystem into a comprehensive platform for global financial markets. With mainstream acceptance of Bitcoin growing and demand for regulated asset tokenization rising, Liquid is well-positioned to connect Bitcoin with traditional finance and drive innovation in capital markets.
The growth of the tokenized asset market, exemplified by BlackRock’s plans to tokenize a $150 billion Treasury fund, underscores the potential for further expansion. Projections suggest that the tokenized asset market could reach $30 trillion by 2030. Liquid currently supports over $1.8 billion in tokenized private credit, offering a range of products including U.S. Treasury notes and digital currencies through Blockstream’s AMP platform. The network’s features include fast, low-cost transactions, confidentiality, support for atomic swaps, and robust smart contracts.
Launched in 2018 as Bitcoin’s first sidechain, Liquid is now gearing up for a major upgrade with the imminent mainnet release of Simplicity. This upgrade aims to enhance the network’s smart contract capabilities. To meet the growing demand, the Liquid Federation is enhancing developer resources, technical onboarding processes, and integrations with exchanges, custodians, and service providers. The network’s expanding global presence is reflected in recent bootcamps and key meetings with policy makers across Asia, Europe, and Latin America.
In conclusion, the Liquid Network’s achievement of surpassing $3.27 billion in TVL signifies a significant milestone for Bitcoin and tokenized assets. With its continued growth and upcoming upgrades, Liquid is poised to play a pivotal role in the evolving landscape of financial markets.
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