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Bitcoin Now Powers $8B in DeFi—Will It Boost BTC Value?

  • Over $8B is now locked in Bitcoin-based DeFi protocols, signaling growing institutional interest and mainstream adoption.
  • Bitcoin DeFi platforms like Babylon Labs and Lombard Finance have seen significant growth, with billions of dollars locked in their ecosystems.
  • Solv Protocol, with $685 million in BTC reserves, aims to build a significant on-chain Bitcoin reserve through its yield-bearing staking token SolvBTC.BNB.
  • The growing demand for BTC staking and DeFi integration is considered a potential catalyst for driving upward pressure on Bitcoin's price.

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