Bitcoin is easy to distinguish as the first store of value in the world of encryption from a quick overview of price plans on Coinmarketca. It is also easy to estimate whether you are aware of the consensus mechanism, scarcity, and display schedule. Recently, though, the most famous digital origins in the world are surfing in another-Defi.
Once you are seen as digital gold and a safe reward for final inflation, the increasing BTC dependence in Defi is now one of the most important novels in this industry. In fact, the closed total value (TVL) in the Defi protocols was in a fixed march since last October.
So, what are the factors that we can credit? And why does it matter?
Bitcoin’s Defi Boom
It is fair to say that Bitcoin was largely in 2024. And he was praised by a prominent presidential candidate – who continued to win the elections.
This momentum continued in the new year, as the new Bitcoin ATH price reached $ 109,350 on January 20. Perhaps it is more dependent than the price, though, is the attractiveness of the currency for engines and vibrants in decentralized financing, whether they are traders, lenders, borrowers or makers. This phenomenon has been born its own term: BTCFI.
Incredibly More than 2000 % In 2024, from only 307 million dollars in January to about 6.5 billion dollars by December 31. As we mentioned, the investor interest temperature has increased sharply since October and at the time of writing this report, despite cutting the last market, 6.8 billion dollars were closed In BTFI.
It is clear that unparalleled security and deep liquidity makes it an ideal basis for Defi protocols, many of which have benefited from the appearance of scaling solutions such as Lightning Network and Exsat Which allows faster and more developmental transactions.
The arrival of these platforms is not surprising due to the depth of the sleeping liquidity that Bitcoiners keeps, a society that has not been able to take time to take advantage of Defi opportunities that are countless to use their favorite cryptocurrencies. It was too late, it was always a matter of time before online solutions came, allowing BTC to use decentralized financing.
EXSAT, described as the layer of expansion Bitcoin, is a particularly interesting example for the BTCFI project, where it uses a hybrid consensus mechanism (proof of work and Proof of creativity) to import bitcoin blocks in a decentralized manner. In doing this, Exatat supports Bitcoin’s extension and enables the development of Bitcoin -based DAPPS such as Dexs and lending protocols.
Late last year, EXSAT has launched credit to cancel new earning opportunities for bitcoin while enhancing the security of the ecological system. With credit, users can verify the health of BTC blocks within the Exsat network, sign consensus, and gain rewards in this process. One of the leading Bitcoin Restore protocols, is now It includes 692 million dollars In TVL.
By providing safe and transparent yield opportunities for hardening bitcoin, Stokeing EXSAT Credit is the success of the ETHEREUM credit protocols, which has grown in popularity from 2019 onwards. Interestingly, credit depends on the use of the original EXSAT bridge, which was developed with the help of CEFFU, Chainup, Cobo and Cactus, allowing users to keep the BTC’s basic ownership while participating in the deception.
The first days of BTCFI
Although Defi TVL of Bitcoin is still lagging behind the likes of ethereum and Tron, it is in an undeniable upward path. The transition of the blue cryptocurrency from independent assets is the perfect to a dynamic Defi player, with innovations such as the above mentioned pave the way for the broader adoption and opportunities in the profitable market.
Although Bitcoin Defi’s future is bright, the borrowing of a common phrase: we are still early. Especially if Galaxy Digital predicts that it is right; Last year, he said that 2.3 % of the Bitcoin supplies traded can be bridged in BTCFI by 2030 – about $ 47 billion.
Bitcoiners Defi, then, will be good to make sure they are familiar with the opportunities currently available.
