Bitcoin Nears Supply Limit While DeFi Protocol Sees Significant Growth
Bitcoin Nears Supply Limit While DeFi Protocol Sees Significant Growth
The crypto market observed key developments with Bitcoin reaching a significant mining milestone, having over 95% of its total supply now extracted. Concurrently, the DeFi sector demonstrated substantial expansion, as a prominent protocol recorded a 38% surge in Total Value Locked (TVL) driven by Real World Asset (RWA) yields.
DeFi Protocol Sky Sees Major TVL Increase
The Sky protocol has experienced a notable 38% increase in Total Value Locked (TVL) during March, solidifying its position as the fourth-largest DeFi protocol. This significant growth is primarily attributed to the attractive yields offered through Real World Asset (RWA) integrations, which have successfully driven substantial inflows into the platform.
Bitcoin Approaches 21 Million Supply Cap
Bitcoin has reached a critical supply milestone, with 20 million of its 21 million total coins now mined. This achievement means over 95% of its total supply has been extracted. This highlight on scarcity comes amidst discussions within the mining industry regarding the future viability of current mining operations, as the final 1 million coins are projected to be extracted over a long period, by the year 2140.