Buy USK (USK)

In the last year, the Bitcoin Renaissance has sparked interest in BTCfi, or Bitcoin Decentralized Finance applications. Despite the buzz, only a few of these apps have lived up to their promises or attracted a substantial number of active users.

For instance, a popular platform like Liquidium allows users to borrow against their Runes, Ordinals, and BRC-20 assets. Borrowers pay interest to lenders just like any other loan, with the loans being overcollateralized by the Bitcoin assets for security.

The scale of Bitcoin DeFi currently varies depending on how you view it.

Over the past 12 months, Liquidium has facilitated over 75,000 loans, totaling more than $360 million with over $6.3 million paid in BTC interest to lenders.

To be considered truly “real,” Bitcoin DeFi needs to see exponential growth and reach levels comparable to Ethereum or Solana. However, the belief is that eventually, economic activity will largely center around Bitcoin, making such comparisons irrelevant.

Impressively, Liquidium, a protocol barely a year old, is outperforming competitors like NFTfi, Arcade, and Sharky in terms of loan volume on the Bitcoin network.

Bitcoin’s evolution is ongoing, without requiring changes to its core protocol, marking a significant development in the industry.

Source: Liquidium Landing Page

After initial challenges, Runes now dominate the loan market on Liquidium, surpassing Ordinals and BRC-20s. The Runes protocol is more efficient, with a lighter load on the Bitcoin blockchain and a better user experience. The user-friendly nature of Runes simplifies processes for existing users and attracts new users interested in on-chain lending in a more straightforward way compared to BRC-20’s complexities. The presence of financial infrastructure like P2P loans is enhancing the usability and adoption of Runes, and potentially other Bitcoin-backed assets in the future.

Source: Liquidium’s Dune Dashboard

The loan volume on Liquidium has continually risen, with Runes now dominating activities on the platform.

Source: Liquidium’s Dune Dashboard

With Runes now the primary asset backing Bitcoin loans, it begs the question – why is this important? Is it beneficial for Bitcoin?

Regardless of personal opinions about Runes or the current on-chain activities, the trust in the Bitcoin blockchain for decentralized Bitcoin-denominated loans signals a significant milestone for advocates of freedom.

This progress showcases that Bitcoin’s security features are unmatched, leading to increased on-chain economic activities. This is undoubtedly a positive sign.

All transactions are directly secured on the Bitcoin blockchain, emphasizing the simplicity and purity of the Bitcoin system. Supporting developers building in this manner is crucial.

This write-up serves as a Take. The opinions expressed belong solely to the author and do not necessarily represent those of BTC Inc or Bitcoin Magazine.

The post Runes: Bitcoin DeFi is Achieving Product-Market Fit appeared first on Crypto Breaking News.

Cryptocurrency investors are always on the lookout for the next big opportunity, and many dream of finding the next “Solana.” Those who were proactive enough to get in on Solana in August of 2021 saw their investment 800x in the space of just two months. Now, a new project, Remittix (RTX), is gaining traction, with experts drawing comparisons to Solana’s early days due to its massive potential in the lucrative cross-border payments sector. 

Solana Sets New Benchmark For Scalability

Solana’s (SOL) price trajectory looks unclear going into 2025, as the asset experienced a 19.9% dip in the last month, though Solana’s ecosystem continues to experience significant growth with several new updates. 

Solana’s efforts in this domain were focused on the release of the Firedancer validator client in 2024, which saw Solana ramp up its network throughput and trading efficiency. From this update, Solana added priority fees along with QUIC to tackle congestion issues that had long frustrated Solana (SOL) users. These changes have seen Solana (SOL) set a new benchmark for scalability in the crypto space.

Currently, Solana is trading at $177.25 following a 17% weekly decrease. Despite this decline SOL investors remain bullish and Solana’s daily trading volume has remained steady above $2 billion. 

Remittix Presale Nears Significant Milestone Of $3 Million Raised

As Solana continues to pursue scalability, Remittix (RTX) targets inefficiencies plaguing the $250 trillion global cross-border payments industry. Combining blockchain with fiat systems, Remittix provides a secure and easy way for individuals and businesses to transfer money worldwide.

The platform can change more than 40 cryptocurrencies into fiat currencies with ease, and allows users to send money directly to bank accounts worldwide. Instead of complicated, hidden fees and long delays, Remittix (TRX) charges a flat fee and makes instant payments, creating a pleasant user experience.

For businesses, the Remittix Pay API facilitates crypto payment acceptance and fiat settlement, empowering merchants to operate in the digital economy without technical complexities. Additionally, companies can manage crypto-to-fiat conversions in over 30 fiat currencies and over 50 cryptocurrency pairs, providing flexibility and control over transactions.

Central to the Remittix ecosystem is the intelligently designed RTX token, which powers governance, staking, and rewards within the Remittix ecosystem. With a limited supply of 1.5 billion tokens, demand is quickly rising as investors begin to recognize this project’s disruptive potential in the global payments sector.

Remittix Is Poised To Dominate The PayFi Market

Remittix is racking up major attention in presale, with tokens available to early adopters at an enticing price of just $0.0199, especially seeing as the RTX launch price has been confirmed at a minimum of $0.135. The presale has already raised $2.7 million and shows no signs of losing momentum. With its innovative approach to cross-border payments and strong market momentum, analysts are projecting an explosive 5000% rally once the token hits major exchanges later in 2025. 

Discover the future of PayFi with Remittix by checking out their presale here:

Website:https://remittix.io/

Socials: https://linktr.ee/remittix

Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice

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