In the roundtable “BTCFi: Tapping into the Trillion Dollar Opportunity,” Kyle Ellicott, Executive Director of the Stacks Asia Foundation, said in a roundtable at SmartCon 2024 Hong Kong organized by Chainlink that the bitcoin ecosystem has entered a period of accelerated growth in the last 10-12 months, and that it is more publicly recognized and discussed than in the last few years, or even the last 10 years. The Bitcoin ecosystem has accelerated in the last 10 to 12 months, with more public awareness and discussion than in the last few years, or even the last 10 years. The BTC ecosystem TVL is now at approximately $2.5 billion, built by industry participants. The BTC ecosystem is now connected to the EVM chain ecosystem, and in 2025, there will be more internal cooperation between BTC native protocols rather than competition. This is what end-users want to see - a smooth transition from point A to point B.

The accelerated growth of the Bitcoin ecosystem in the past year reflects a significant shift towards public recognition and discussion. The increasing Total Value Locked (TVL) of $2.5 billion indicates strong industry participation. The upcoming internal cooperation among BTC native protocols in 2025 will enhance user experience and streamline operations. Exciting developments lie ahead for the BTC ecosystem.