PumpBTC Doc
  • Introduction
    • Background
    • Size of Opportunity
    • Key Features
  • PumpBTC Pre-Season
    • PumpBTC Pre-Season Participation Guide
    • Video Step-by-Step Guide
    • How to Maximize Points?
    • Complete PumpBTC’s Pre-Season Galxe Campaign
  • Points & Referral Program
    • PumpBTC Points Explanation
    • PumpBTC Referral Program
  • Tech Specs
    • How does PumpBTC Work
    • Mint & Burn Process
  • Custody & Security
    • How does PumpBTC Ensure Safety
    • Cobo MPC Case Study
    • Transparency Dashboard
  • Step-by-step Guides
    • Stake through PumpBTC Guide
    • Stake through Babylon Staking dApp Guide
    • PumpBTC Pre-Season Participation Guide
    • How To Deposit PumpBTC To Zircuit
    • How To Mint $pumpBTC On The Ethereum Mainnet
    • How To Mint $pumpBTC On Base
    • How To Deposit $pumpBTC To Fuel
    • How To Use Tunnel Free.Tech To Bridge $pumpBTC
    • How To Use $pumpBTC(Corn) on Pendle Finance to Boost Yield
    • How To Deposit $pumpBTC To Astherus
    • How To Deposit $pumpBTC To Corn
    • How To Deposit $pumpBTC To Synfutures Vault
    • How To Deposit $pumpBTC To KiloEx Hybrid Vault
    • How To Deposit $pumpBTC To Avalon on Zetachain
    • How To Deposit $pumpBTC To Avalon on Ethereum
    • How To Withdraw $pumpBTC On The Ethereum Mainnet
    • How to use $pumpBTC as Collateral on ListaDAO
    • How To Stake pumpBTC On Monad Testnet
  • PumpBTC Berachain Pre-Deposit Vault Guideline
  • PumpFellow Loyalty Program
  • Developer Guides
  • Support
  • FAQs
  • Key Address
  • Resources
    • Audits
    • Media Assets
    • Term of Service
    • Whitepaper
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  1. Introduction

Size of Opportunity

PreviousBackgroundNextKey Features

Last updated 10 months ago

The liquid staking market for Bitcoin has significant potential, as demonstrated by comparisons with Ethereum's staking ecosystem.

Assuming a similar adoption rate to Ethereum's liquid staking tokens (LSTs), which currently represent about 4.2% of the total ETH supply, the potential market for Bitcoin liquid staking could reach approximately $50 billion in Total Value Locked (TVL).

This is based on Ethereum's current staking landscape, where about 32 million ETH are staked, representing 27.18% of the total ETH supply, with 5 million ETH engaged in restaking protocols. If Bitcoin were to achieve a similar 4.2% participation rate in liquid staking relative to its total supply, it would match the scale of the recently approved U.S. Bitcoin Spot ETFs.

This comparison suggests that the Bitcoin liquid staking market has the potential to become a major force in the cryptocurrency ecosystem, offering new opportunities for Bitcoin holders to participate in DeFi activities while maintaining exposure to BTC.

*The data used is from May 2024