Pantera Capital Research Report: The total value of DeFi applications in the Bitcoin ecosystem is expected to reach up to US$450 billion
Cryptocurrency investment firm Pantera Capital recently released a research report stating that based on historical data, the total value of Bitcoin's DeFi applications is expected to reach $225 billion (25% of Bitcoin's market value), compared to Ethereum's DeFi applications accounting for 8% to 50% of Ethereum's market value. Over time, the total value of Bitcoin's DeFi applications could range from $72 billion to $450 billion (8% to 50%) (based on current Bitcoin market value assumptions).
In addition, the top DeFi applications in Bitcoin's ecosystem could eventually be valued at $20 billion (2.2% of Bitcoin's market value), with a range of $6.5 billion to $40 billion. This would make it one of the top 10 most valuable assets in the cryptocurrency ecosystem.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Ajaib says bitcoin trades below USD 80,000 as Fed hawkishness weighs sentiment
Downer partners with Indigenous-owned Mob Box for 20 customized storage containers
Saylor sounds the horn, but this time he truly has ammunition in hand
United States Dollar Index trades slightly lower at the start of the US NFP week
Crypto prices
More
