Crypto hedge fund Pantera Capital predicts that the Bitcoin on-chain DeFi market will reach $225 billion in its latest investor newsletter. Pantera Capital analyzed that Ethereum currently dominates the DeFi field and carries most of the activities. Historically, decentralized applications on Ethereum accounted for 8% to 50% of the market value of Ethereum. This figure currently It is about 25%. If estimated based on this proportion, the DeFi market value of the Bitcoin network may reach approximately US$225 billion. (Crypto.news)