Bitcoin DeFi is far from failing, popularity is “not that far away”: Bitlayer co-founder

The tokens from the Bitcoin decentralized finance (BTCfi) sector are down 23.4% on average in 2024, according to data from Artemis. This contrasts with the hype shared by investors that the Bitcoin decentralized finance (BTCfi) ecosystem would rise this year. However, Charlie Hu, the co-founder of layer-2 blockchain Bitlayer, highlights that this narrative is far from dead and lists three... source: https://cryptobriefing.com/bitcoin-defi-potential-rising/