BNB Chain has completed its 31st quarterly token burn, destroying approximately 1.58 million BNB tokens valued at around $916 million, reducing the total supply to 140.88 million tokens as it moves closer to its 100 million target. In parallel, Maple Finance has surpassed $1 billion in total value locked (TVL), marking a tenfold increase over the past year. This milestone has driven a 20-25% surge in the price of Maple's native token, SYRUP, which currently has a fully diluted valuation of $120 million. Maple's growth is attributed to institutional lending and the adoption of BTC-linked yield products, with Syrup USDC now holding $183 million in loans. The broader Bitcoin DeFi (BTCFi) ecosystem is also advancing, with Coredao unlocking $410 million through non-custodial BTC staking and Lombard Finance launching a toolkit for one-click BTC staking integrated with platforms like Bybit and Binance. Additionally, BTC-backed lending and borrowing have gone live on the Corn platform, powered by Morpho Labs and utilizing the BTCN token, a 1:1 BTC-pegged asset. BNB Chain has also upgraded its $100 million incentive program, shifting to a direct token acquisition model after a three-week pilot to better support promising projects. Other DeFi projects such as Euler Finance and AlchemixFi are noted for their strong performance this year. These developments reflect growing institutional interest and innovation in on-chain capital markets and Bitcoin liquidity utilization.