The value locked in Bitcoin-based decentralized finance, known as BTCFi, has skyrocketed by over 2,700% in the past year, turning Bitcoin into a potential income-generating asset rather than just a store of value. Recent research from Binance highlights that BTCFi has reached a total value locked of more than $8.6 billion, fueled by innovations like ...
The value locked in Bitcoin-based decentralized finance (BTCFi) has skyrocketed by over 2,700% in the past year, shifting Bitcoin from being just a passive asset to a productive one that can generate earnings. Research from Binance highlights that BTCFi is rapidly growing, now totaling more than $8.6 billion. This trend could encourage more Bitcoin holders ...
The DeFi landscape is shifting as Bitcoin takes on a more active role through BTCFi, turning Bitcoin from a mere store of value into a tool for decentralized finance. A recent report by Cointelegraph Research and Elastos highlights how Bitcoin’s security fosters trust and scalability in financial ecosystems. While Ethereum has dominated DeFi, Bitcoin’s robust ...
