Bitcoin DeFi surge may boost BTC demand and adoption — Binance

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Coin Telegraph 1d ago

Bitcoin DeFi surge may boost BTC demand and adoption — Binance - Coin Telegraph

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Source: Binance ResearchIf the BTCFi sector’s growth trajectory continues, it could open up “new opportunities for Bitcoin holders to generate yield through lending, liquidity provision, and other DeFi mechanisms,” a Binance spokesperson told Cointelegraph, adding:“This may contribute to a shift in how BTC is perceived — from a passive store-of-value to a productive on-chain asset.

The growing accumulation trend among long-term holders aligns with a “significant period of adoption for Bitcoin,” due to the establishment of the US strategic Bitcoin reserve and growing institutional interest, according to the research report.

While it’s too early to determine the full impact, these evolving use cases could support broader adoption and, over time, strengthen demand.”Related: Bitcoin price can hit $250K in 2025 if Fed shifts to QE: Arthur HayesInterest in BTCFi surged after April 2024’s Bitcoin halving, which introduced the Runes protocol, the first fungible token standard on the Bitcoin blockchain.