Maestro has released a comprehensive overview report on the state of BitcoinFi, analyzing the current status and future of Bitcoin-based financial applications.
Key Areas of BitcoinFi Application
The report indicates that staking and lending have emerged as primary areas where BitcoinFi is achieving product-market fit. The total value locked (TVL) in staking exceeds 68.5K BTC ($7.39 billion). Babylon leads in staking with a $4.79 billion volume. BitcoinFi now secures over $10 billion in value through yield-generating protocols.
Development of Programmable Layers
Programmable layers on Bitcoin, such as L2s and scaling solutions, have reached a value of $5.52 billion (52K BTC) in TVL. Stacks showed the most significant growth, adding about 2,000 BTC and more than doubling its TVL in Q2. The architecture of BitcoinFi is rapidly diversifying thanks to innovations in rollups and execution layers.
Venture Funding Status in BitcoinFi
Following a decline in investments, venture funding for BitcoinFi surged to $175 million across 32 rounds in the first half of 2025. Interest in DeFi and consumer applications is rising, with 20 out of 32 deals in the first half of 2025 focused on these areas.
The report effectively reflects the current state of BitcoinFi and demonstrates its growing significance in the financial sector. Innovations and increasing venture funding are creating new growth opportunities for the Bitcoin ecosystem.
