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Bitcoin Jo...
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Crypto-News-Flash

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Image Credit: Crypto-News-Flash

Bitcoin Joins DeFi in a Big Way: 1% Supply Now Locked Up!

  • Bitcoin’s integration with DeFi is accelerating, with 1% of its supply now locked in DeFi platforms.
  • Coinbase's new Bitcoin-pegged token, cbBTC, and increasing demand for Bitcoin yields are driving this integration.
  • cbBTC has quickly become a market leader, accounting for 49% of total wrapped Bitcoin volume.
  • Institutional interest in Bitcoin remains strong, with BlackRock increasing its position and spot ETFs showing confidence.

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