As of early February, more than $1 billion U.S. dollars of assets reside in decentralized finance protocols, commonly called DeFi protocols. DeFi protocols and platforms offer crypto holders sophisticated financial tools that were unavailable to them just a year or two prior, but the rapid evolution and speedy adoption of DeFi has left some observers wondering about the ecosystem’s future.
Skeptics and supporters alike want to know when Bitcoin (BTC) — the first and most popular cryptocurrency — will receive adequate DeFi support. Decentralized finance with Bitcoin is on the way, but there are good reasons that it’s relatively late to the market.
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