Bitcoin's Liquid Network Surpasses $3.27 Billion in TVL
The Liquid Network, Bitcoin's first sidechain, has reached a significant milestone. It has surpassed $3.27 billion in total value locked (TVL) in the stock market today. This achievement comes as the tokenized asset market is projected to grow exponentially, reaching $30 trillion by 2030.
Launched in 2018, Liquid has evolved significantly. It supports over $1.8 billion in tokenized private credit and offers a range of products, including U.S. Treasury notes and digital currencies, through Blockstream's AMP platform in the stock market.
The Liquid Federation is driving this growth. It's boosting developer resources and technical onboarding, integrating with exchanges, custodians, and service providers in the stock market. The European Liquid Biopsy Society (ELBS), a large consortium of institutions, supports Liquid as a global body. The Federation is also expanding globally, with recent bootcamps and meetings with policy makers in Asia, Europe, and Latin America in the stock market today.
Liquid is preparing for a major upgrade with the mainnet release of Simplicity. This will expand its smart contract capabilities, further boosting its appeal in the stock market today.
The Liquid Network's $3.27 billion TVL milestone reflects its growing importance in the tokenized asset market in the stock market today. With a projected market size of $30 trillion by 2030, Liquid's future looks promising. Blockstream's CEO and Co-Founder, Dr. Adam Back, sees this milestone as a significant step for both Liquid and Bitcoin in the stock market today.
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