《Castle Labs: Full Analysis of the Current State of BTC On-Chain Financial Ecosystem》 (Author: Castle Labs, Translated by Deep Tide) Bitcoin's $1.3 trillion market cap sees only 1.5% of BTC actively generating yield, with the majority remaining stagnant. While 32.5% of ETH is staked, BTC lacks native yield mechanisms and relies on wrapping, L2, DeFi, etc., which come with risks like custody, bridging, and smart contract trust issues. Native BTC financial solutions like Stacks are working to reduce trust assumptions, enabling self-custody staking and mechanisms like PoX-5 to generate yield. Currently, BTC-related DeFi TVL is around $5.2 billion, still far below the scale of reserve assets. Read the full article: https://www.(wublock123.com)/articles/article-59441