Binance reports: Bitcoin DeFi could 'unleash billions of bitcoin liquidity'
According to online reports, according to Binance's latest research, DeFi's fast-growing, high-risk world may soon allow Bitcoin "HODLers" to earn more investment returns. A report released Thursday by Binance said the use of Bitcoin, the largest and oldest cryptocurrency, on the DeFi protocol, is a "huge untapped opportunity" that "has the potential to unleash billions of dormant BTC liquidity and improve Bitcoin's capital efficiency." The report points out that only about 0.79% of Bitcoin is currently used for DeFi.
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