The potential of BTCFi is still underestimated

Data shows that approximately 66% of Bitcoin is currently dormant, valued at up to $1.068 trillion.

In comparison, according to DefiLlama, the DeFi TVL of Ethereum is $46 billion.

Theoretically, if 5% of dormant BTC were to enter BTCFi, it could drive the TVL from the current $2-3 billion to $55-56 billion. This scale not only exceeds Ethereum's current TVL but also approaches one-third of Ethereum's TVL during the peak of DeFi in 2021 (which was around $180 billion).

The question is: how to activate these dormant Bitcoin assets and transform Bitcoin into a vibrant on-chain economy, rather than just existing as a static asset?

@midl_xyz's solution is:

① Build an execution infrastructure layer that allows development teams to directly build dApps on the Bitcoin network

② Introduce an EVM-level abstraction layer to provide a familiar EVM dApp interaction method

MIDL has launched the Gear Program (similar to a points system), and currently, joining Discord allows you to earn gears daily: https://discord.gg/t5X4fPc

Teaching everyone how to ambush 👇

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。