Bitcoin DeFi Capitalization Forecast
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A Bitcoin DeFi developer predicts that the capital invested in Bitcoin-based DeFi protocols may surpass that of Ethereum in the next two years. Branden Sedo, a contributor at Bitcoin sidechain Core DAO, believes that the trillion dollars currently held in the Bitcoin ecosystem will gradually move on-chain, potentially exceeding Ethereum's capital. Sedo highlights the potential influx of institutional capital into Bitcoin through exchange-traded products, leading to increased adoption of Bitcoin sidechains and DeFi applications. Despite initial skepticism following platform collapses in 2022, Sedo notes a shift in Bitcoiners' attitudes towards utilizing their assets in non-custodial DeFi platforms. Core DAO's staking approach and bridge technology have contributed to its success, making it the largest Bitcoin sidechain with significant Total Value Locked (TVL). The growing interest in Bitcoin DeFi signals a promising future for the network's expansion and development. Read more AI-generated news on: https://app.chaingpt.org
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