Why Bitcoin DeFi Protocols Are Seeing Impressive Growth As BTC Soars

The rising price of Bitcoin (BTC) is having a major impact on Bitcoin decentralized finance (DeFi). Data from DefiLIama shows Bitcoin-based DeFi protocols’ total value locked (TVL) went from $304. 66 million on Jan 1, 2024, to a whopping $7. 117 billion at the time of writing source: https://cryptonews.com/news/bitcoin-defi-protocols-impressive-growth-btc-soars/