First ecosystem-wide report on Bitcoin financial applications and infrastructure.
$7.39B
Staking TVL
$5.52B
Programmability TVL
$860M
Stablecoin TVL
$128M
BRC-20 Daily Volume
$175M
H1 Venture Funding
by Maestro Research
Table of Contents
Bitcoin's New Economic Layer
$7.39B staking • $3.32B restaking
Bitcoin's Evolution Beyond Store-of-Value
$5.52B TVL • 52,000 BTC deployed
Bitcoin's Programmable Asset Layer
$128M daily volume • 40.6% of transactions
The Key Unlock for BitcoinFi
$860M TVL • 42.3% QoQ growth
Capital Flows Signal Ecosystem Maturity
$175M raised • 32 funding rounds
