The past year has seen the rise of Bitcoin DeFi (BTCfi), with platforms like Liquidium showing promise yet struggling to attract robust user engagement compared to Ethereum or Solana.
Liquidium has executed over 75,000 loans worth more than $360 million, indicating strong initial adoption, though the overall BTCfi market still requires significant growth to meet broader expectations.
Despite skepticism toward DeFi on Bitcoin, Liquidium's success illustrates that positive developments are occurring within the ecosystem, leading to innovative lending solutions that could transform Bitcoin's utility.
Runes have emerged as the most utilized asset on Liquidium, surpassing Ordinals and BRC-20s, showcasing their efficiency and improved user experience in Bitcoin lending.
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