. @MezoNetwork currently holds around $72.3M TVL according to DeFiLlama. This level still keeps Mezo seriously in the discussion in the Bitcoin native DeFi space.
Mezo TVL at launch was over $300M at one point. Then comes the big pullback, possibly due to market liquidity or changes within the protocol. But the TVL has not completely collapsed, but has stabilized at a level.
This stabilization shows that the more committed users remain even as the short term farmers exit. Despite strong competitors like Portal, SolvBTC, Merlin Seal, Mezo still managed to hold its own.
@MezoNetwork is establishing itself as Bitcoin economic layer. veBTC is earned by locking BTC and BTC denominated yield comes from real protocol fees. It's still early days, but this is one of the most serious efforts in sustainable BTCFi.
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. @MezoNetwork currently holds around $72.3M TVL according to DeFiLlama. This level still keeps Mezo seriously in the discussion in the Bitcoin native DeFi space.
Mezo TVL at launch was over $300M at one point. Then comes the big pullback, possibly due to market liquidity or changes within the protocol. But the TVL has not completely collapsed, but has stabilized at a level.
This stabilization shows that the more committed users remain even as the short term farmers exit. Despite strong competitors like Portal, SolvBTC, Merlin Seal, Mezo still managed to hold its own.
@MezoNetwork is establishing itself as Bitcoin economic layer. veBTC is earned by locking BTC and BTC denominated yield comes from real protocol fees. It's still early days, but this is one of the most serious efforts in sustainable BTCFi.