According to Odaily, the total value locked (TVL) of the BTC cross-chain standard Free Protocol has exceeded $1 billion, positioning it ahead of other industry products. Compared to protocols like LayerZero OFT, Free Protocol is more mature in market application scenarios. After undergoing multiple security audits, it now serves various mainstream BTC fungible tokens such as M-BTC, SolvBTC, BBTC, pumpBTC, and uBTC, as well as major public chains including Merlin, Mode, zkLink, Linea, Scroll, Core, B2, Kava, Kroma, Klaytn, BounceBit, and BEVM.
Free Protocol is a secure cross-chain service standard that allows for the minting, transferring, and burning of fungible tokens across multiple chains without the need for asset wrapping, intermediary chains, or liquidity pools. This fundamentally eliminates the complexity of bridging BTC-related assets between chains. It not only enables the multi-chain supply of BTC fungible tokens but also simplifies multi-chain interactions, enhancing the overall liquidity value within the DeFi ecosystem.