On October 30th, at the 2024 Hong Kong SmartCon conference hosted by Chainlink, Kyle Ellicott, the Managing Director of Stacks Asia Foundation, stated in the roundtable "BTCFi: Mining Trillion-Dollar Opportunities" that the Bitcoin ecosystem has entered a period of accelerated development in the past 10 to 12 months. Its public awareness and discussion have surpassed that of the past few years, and even the past 10 years. With the joint construction of industry participants, the BTC ecosystem TVL has now reached about 2.5 billion US dollars.
Now, the BTC ecosystem has been connected to the EVM chain ecosystem. By 2025, internal cooperation among BTC native protocols will be strengthened instead of competing with each other. This is what end users want to see-smooth asset conversion from point A to point B.
