Bitcoin DeFi protocol Tap Protocol announced that its TGE will be held on October 21, 2024, and plans to promote the application of Bitcoin in the field of decentralized finance through the first native Bitcoin smart contract that directly accesses the UTXO of the Bitcoin blockchain. This TGE will introduce more DeFi functions to Bitcoin. Tap Protocol will also launch key functions such as decentralized Swap, market and EVM bridge in the next two weeks to further expand the potential of Bitcoin in the DeFi ecosystem.