A Resurgent DeFi Landscape

The decentralized finance (DeFi) sector has seen a significant resurgence in recent months, with renewed adoption in lending, liquid staking, and restaking protocols. Major blockchains like Ethereum, Solana, and BNB Chain have all recorded substantial increases in their total value locked (TVL).

This momentum is also fueling the expansion of Bitcoin DeFi, often called BTCFi, which is attracting growing institutional interest. The ecosystem is supported by a range of Layer 2 solutions, including prominent players like Stacks, Rootstock, Merlin Chain, and Babylon.

TeraHash’s Niche in a Growing Market

Amid this growth, TeraHash is positioning its solution as a leading native yield product specifically for Bitcoin mining. The company’s model offers a hash rate-backed yield where users can stake the THS token to receive daily Bitcoin rewards. The protocol also integrates with the broader DeFi ecosystem, connecting users to crypto lenders, trading platforms, and yield aggregators.

According to data from DeFiLlama, the total value locked across all Bitcoin DeFi protocols currently exceeds $7.57 billion. The top projects leading in TVL include Babylon, Lombard Finance, and Threshold Network.