According to IntoTheBlock, WBTC daily transactions have nearly doubled since January 2025, indicating a significant increase in Bitcoin-backed DeFi activity. This growth is primarily driven by users leveraging BTC’s price stability to access DeFi yields and by the emergence of new Bitcoin DeFi primitives. Traders are closely monitoring this trend as higher transaction volumes can signal increased liquidity and opportunities in the WBTC ecosystem (source: IntoTheBlock, April 30, 2025).