Bitcoin's Role in Defi Evolves: CMC Research and Footprint Analytics Report. Coinmarketcap (CMC) Research and Footprint Analytics have released a thorough report exploring the swift expansion of decentralized finance (defi) on the Bitcoin blockchain. https://yakihonne.s3.ap-east-1.amazonaws.com/6789a15735d4ac7cb13396ac59a0bdc813680111b9df4a7ff2497a364c869fb9/files/1717448665998-YAKIHONNES3.jpg
Decentralized finance (DeFi) refers to a range of blockchain-connected platforms and applications designed to replace existing centralized financial services. This innovative approach aims to democratize finance by enabling peer-to-peer transactions without the need for intermediaries
The report emphasizes that Bitcoin's integration into DeFi is driven by several factors, including technological advancements and the growing demand for decentralized financial services. As DeFi platforms seek to leverage Bitcoin's established network and security features, they are creating new opportunities for users to engage with Bitcoin in ways that were previously not possible.