B14g, a Bitcoin Staking Platform, Sees Its TVL Soar Over 500% in the Past Month

B14g, a Bitcoin staking platform, saw its total value locked (TVL) soar over 500% in the past month, crossing the record $12 million mark on January 31

Bitcoin (BTC) staking platform b14g has seen its total value locked (TVL) soar over 500% in the past month, crossing the record $12 million mark on Jan. 31, data from DefiLlama shows.

Launched in December 2024, the platform has become the best-performing restaking app in decentralized finance (DeFi). Notably, b14g is not to be confused with another Bitcoin staking platform called Block14g.

b14g's flagship product is the Merge Marketplace, which connects stakers holding different types of assets. Through the platform, participants can engage in BTC merge-staking by committing one complementary token and unlocking higher rewards without needing to hold both assets.

The Merge Marketplace offered by b14g currently connects with Core (CORE), enabling users to benefit from the blockchain's dual-staking without having to deposit both BTC and CORE, ultimately lowering entry barriers and helping BTC stakers maximize returns.

In Core dual-staking, users can unlock higher yield tiers if they stake both BTC and CORE based on the following ratios:

* Staking only BTC will generate a 75% yield.

* Staking only CORE will generate a 50% yield.

* Staking both BTC and CORE in a 50:50 ratio will generate a 100% yield.

Instead of buying additional CORE tokens to be eligible for its dual-staking program, users can leverage b14g, which connects holders of both tokens and helps everyone maximize returns.

For instance, if a user has BTC but no CORE, they can search for CORE holders connected to the platform to merge with them. As of this writing, b14g has 1.1 million CORE tokens and 107.4 BTC deposited on its platform, which together are valued at a record $12.6 million. Bitcoin accounts for 93% of all deposits, totaling $11.2 million.

On Jan. 31, the platform experienced record daily inflows, with users locking over $2 million worth of BTC. Thanks to its rapid increase, b14g has become the 15th largest DeFi app on Bitcoin.