Bitcoin DApp ecosystem is booming with the rise of native protocols like SolvBTC, a yield-generating protocol that has amassed a total value locked (TVL) of $700 million. SolvBTC, which uses BTC as collateral and sources staking from blockchains like Ethereum, Arbitrum, Merlin, and BNB Chain, has surpassed 10,000 BTC staked and attracted over 92,000 participants since its launch earlier this month.

In other news, Bitcoin layer-2 solution BEVM received an undisclosed investment from Chinese Bitcoin mining rig manufacturer Mitmain. Since its mainnet launch in March, BEVM has over 700,000 user addresses and hosts more than 30 ecosystem projects.

Meanwhile, Bitcoin DEX Orders Exchange and sidechain MicroVisionChain have unveiled their 2024 roadmap, which includes integration with Web3 wallets and building a Bitcoin nonfungible tokens marketplace. Despite a market sell-off, the Bitcoin Ordinals market has expanded to $2.3 billion, partly due to ecosystem development and listings on major exchanges like Binance.