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Bitcoin Now Powers $8 Billion in DeFi—Will It Boost BTC Value?
In a stunning display of growth and mainstream adoption, over $8 billion is now locked into Bitcoin-based decentralized finance (DeFi) protocols. This significant milestone underscores the increasing demand for Bitcoin staking and lending services, potentially driving upward pressure on Bitcoin’s price.
As more investors allocate their funds to DeFi platforms that utilize Bitcoin as a store of value or collateral, the reduced circulating supply could create an upward price effect, fueling further growth in the space.
