The recent discussion heat around the BTCFi ecosystem is quite high, mainly because there are indeed many stable players in this track. Taking Lombard Finance as an example, LBTC's performance in this field is quite eye-catching—it is the fastest Bitcoin-wrapped asset in the BTCFi ecosystem to break through $1 billion in TVL, which is enough to demonstrate market recognition.

From the overall data, the total protocol TVL reaches $1.34 billion. Among them, LBTC accounts for $974 million, and BTC.b is $354 million. Although BTC.b, as a latecomer, is also doing well, LBTC's utilization rate has remained stable above 70%, and this performance is more worth paying attention to in the long run.

Compared to other projects, this project's transparency and data reliability are indeed well done, which is still quite important for investors.