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LBTC Emerges As The Leading Bitcoin Liquid Staking Token

Tags: finance new
DATE POSTED:December 17, 2024

Lombard Finance has achieved a remarkable milestone with its LBTC token, surpassing 13,000 in total supply.

This accomplishment cements LBTC’s position as the largest Bitcoin Liquid Staking Token (LST) available in the market today.

Introduced with a mission to bridge Bitcoin and decentralized finance (DeFi), Lombard Finance has quickly gained traction among users. In just three months, the platform has attracted over 40,000 users who have staked approximately $1.3 billion worth of BTC. This impressive growth rate surpasses that of Lido’s stETH, which required four months to reach a similar level of adoption and staked assets.

LBTC’s utility within the DeFi ecosystem is equally noteworthy. Around 80% of LBTC is actively deployed across three major blockchains—Ethereum, Base, and BNB Chain—underscoring its role in driving liquidity and innovation in the sector.

With its rapid adoption and substantial utility, LBTC is setting new benchmarks for Bitcoin staking tokens, offering both security and scalability for users exploring DeFi opportunities.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

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Image Source: burdyak/123RF // Image Effects by Colorcinch

The post LBTC Emerges As The Leading Bitcoin Liquid Staking Token appeared first on The Merkle News.

Tags: finance new