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Unleashing BitcoinFi: Indexer Grant, Lending Milestones & Market Insights

PLUS: ICP indexer grant, Liquidium case study, 2025 BitcoinFi report, new API tools & press coverage.

Author

Marvin Bertin
October 01, 2025

— MAESTRO RESEARCH —

State of BitcoinFi 2025

Our latest report from Maestro Research underlines that Bitcoin is evolving into a usable financial ecosystem.

  • Staking and lending now account for more than 68.5 K BTC ($7.39 B) of total value locked, with another $3.32 B in restaking.

  • Programmability layers collectively hold $5.52 B in TVL ($10B including restaking).

  • Metaprotocols such as Runes and Ordinals represent 40.6 % of all Bitcoin transactions, generating 6,940 BTC ($681 M) in fees.

  • Stablecoin TVL has risen to $860 M (+42 % QoQ).

  • VC funding reached $175 M across 32 deals, with capital shifting toward DeFi, custody and consumer apps, which was particularly emphasized in Cointelegraph’s coverage of the report.

— PARTNERSHIPS —

Liquidium Partnership & Case Study

Liquidium Partnership & Case Study – Liquidium has processed 4,230 BTC in cumulative loans (102 K+ loans) on native Bitcoin—no wrapped assets. Instant Loans now represent 100 % of July’s Runes lending, and cross‑chain lending is being built.

ICP Grant & Native Indexer 

Maestro received a grant from the DFINITY Foundation to build a high‑throughput Ordinals and Runes indexer for the Internet Computer (ICP). The open‑source indexer will deliver real‑time data with mempool awareness and block‑reorg protection. Liquidium will be the first user, enabling BTC to be locked on layer 1 while borrowing USDT on Ethereum.

— SPOTLIGHT —

Wallet API: Historical Balance Tracking

Maestro’s Wallet API got an upgrade:

You can now track historical balances for any address with full sat-by-sat accuracy, filterable by block, and optional USD price overlays.

  • Build richer wallet views.

  • Power smarter explorers.

  • Simplify on-chain audits.

New Episode: The rise of Bitcoin capital markets will replace legacy finance

We’ve launched the Bitcoin Economy Podcast! Weekly conversations with Bitcoin's leading voices on:

  • Emerging market adoption

  • Tech innovation & pioneering projects

  • The future of Bitcoin

— IN THE PRESS —

➤ Cointelegraph in an exclusive spotlight of Maestro Research’s new State of BitcoinFi report, highlighting $175M in VC funding poured into the BTCFi ecosystem in just H1 2025, with investors shifting toward user-focused apps and consumer products. This momentum confirms that Bitcoin is no longer just a store of value, but becoming a foundation for real, demand-driven financial applications.

➤ DL News featured our co-founder & CEO Marvin Bertin diving into Maestro’s mission, infrastructure stack, and what institutions are demanding from the next wave of Bitcoin financial systems.

➤ Hackernoon featured Maestro’s new indexer, highlighting how it could be the key to unlocking Bitcoin DeFi on the Internet Computer (ICP). The article dives into how our real-time data access and cross-chain integration could make Bitcoin a powerhouse in ICP’s DeFi ecosystem.