Bitcoin is half the crypto market cap, yet only 0.1% of that value is locked in BTCfi. But with Core acting as the PoS layer for Bitcoin, this is starting to change⚡️ We’re at the base of the BTCfi mountain—the expedition has just begun. 🏔️
Here's what this means:
As mentioned, BTCfi TVL only accounts for 0.1% of Bitcoin’s market cap, at just $1.4B. 😕 Looking at Ethereum, 15% of Ethereum’s market cap is locked in DeFi TVL.Applying the same 15% ratio to Bitcoin would result in $200 billion, representing an 134x increase from the current amount. 🔥
And if Bitcoin climbs to roughly half of gold’s market cap, we could be looking at a $1 trillion+ BTCfi ecosystem. BTCfi has already started to take off. 🚀Since June, Core’s TVL is up over 1,000%.
BTCfi is largely taking place on Core🥇
Core boasts #1 ranks in:
- Daily Active Users
- Total Transactions
- Total Value Locked
- Unique Active Wallets
- Dapps
- Unique Addresses
- Avg. Daily Transactions... And many more.
Core’s BTCfi dominance is fueled by its innovative lineup of products and use cases. 🔶
These products and use cases include:
- Non-Custodial Bitcoin Staking
- Dual Staking
- Satoshi Plus
- stCORE
- CoreBTC
- LstBTC... And more...
BTCfi is in its early stages, but it will completely transform the future of Bitcoin🔥 Core is already leading the way, and with the Fusion Upgrade, BTCfi will be taken to the next level. ⚛️
Kindly follow #CoreDAO on 𝕏