Executive Director of Stacks Asia Foundation: In 2025, BTC native protocols need to strengthen internal cooperation rather than compete with each other

Odaily News At the 2024 Hong Kong SmartCon conference held by Chainlink, Kyle Ellicott, executive director of Stacks Asia Foundation, said in the roundtable "BTCFi: Uncovering Trillion-Dollar Opportunities" that in the past 10 to 12 months, the Bitcoin ecosystem has entered a period of accelerated development, and its public awareness and discussion have exceeded the past few years, or even the past 10 years. With the joint construction of industry participants, the BTC ecosystem TVL has now reached about 2.5 billion US dollars. Now, the BTC ecosystem has been connected to the EVM chain ecosystem. In 2025, BTC native protocols will strengthen internal cooperation rather than compete with each other. This is what end users want to see-smooth conversion of assets from point A to point B.