Blockstream's Liquid Network Hits $3.27B TVL, Prepares for Major Smart Contract Upgrade
Blockstream's Liquid Network, Bitcoin's first sidechain, has reached a significant milestone. With over $3.27 billion in total value locked (TVL), it's preparing for a major upgrade to expand smart contract capabilities. This comes as interest in tokenizing real-world assets (RWAs) grows, with the bitcoin price projected to reach $30 trillion by 2030.
Launched in 2018, Liquid is governed by over 80 global institutions. It offers fast, low-cost, and confidential transactions, supporting atomic swaps and robust smart contracts. The network has supported over $1.8 billion in tokenized private credit and offers products like U.S. Treasury notes and digital currencies through Blockstream's AMP platform.
Major moves like BlackRock's tokenization of a $150 billion Treasury fund have sparked interest in RWAs. The Liquid Federation is boosting developer resources and integrations with exchanges, custodians, and service providers to meet increasing demand. The network is positioned to bridge bitcoin with traditional finance and drive capital markets innovation.
With the mainnet release of Simplicity, Liquid's smart contract capabilities will expand. This upgrade, along with the network's recent milestones, signals a significant step for both Liquid and bitcoin, according to Blockstream's CEO and Co-Founder, Dr. Adam Back.
