According to CoinWorld news, the authenticity of data surrounding TVL in the Bitcoin ecosystem has sparked controversy. Issues of false statistics and double counting harm user interests and industry trust. Projects like Nubit, Nebra, Bitcoin Layers, and Alpen Labs have released reports (Proof of TVL) pointing out the opaque state of the BTCFi sector, calling for the establishment of higher standards for asset transparency verification mechanisms, and proposing open-source TVL verification tools. The report indicates that many BTCFi projects exaggerate TVL data, mislead users, and threaten the development of the Bitcoin ecosystem. Nubit has open-sourced the BitVM lock-up verification solution, ensuring that BTC status is verifiable and eliminating data fraud. Nubit emphasizes that Bitcoin must represent transparency and trust, promoting the entire industry to achieve data transparency. The reshuffling of the BTCFi industry has begun, and exposing the issue of false TVL data is the first step.

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