Odaily Planet Daily reported that the Bitcoin DeFi protocol Tap Protocol announced that it will distribute TAP tokens on October 21. The goal of Tap Protocol is to combine the ease of use of the Ethereum account system with the security of the Bitcoin UTXO model to provide users with a better decentralized financial experience.

This news has undoubtedly injected new vitality into the Bitcoin ecosystem. Despite the overall neutral performance of the market, Bitcoin's innovation and application prospects are still exciting. The emergence of Tap Protocol may further promote the application and development of Bitcoin in the DeFi field.

Please pay attention to more blockchain industry trends, we will continue to bring you the latest information.