Bitcoin‘s (CRYPTO: BTC) towering $1.5 trillion market cap has long outpaced its rivals, yet its decentralized finance (DeFi) utility has lagged due to slow infrastructure development and regulatory hurdles, according to Ryan Chow, co-founder of Solv Protocol
Speaking from his vantage point at Solv (SOLV), a platform bridging Bitcoin to DeFi with $160 million in trading volume, Chow pinpointed the four-year maturation of Ethereum (CRYPTO: ETH)-based DeFi and a recent regulatory thaw as key factors now unlocking Bitcoin’s potential.
His insights highlight an industry poised for a Bitcoin-driven shift, fueled by lending and staking applications.
In an interview with Benzinga on the sidelines of Eth Denver, Chow traced Bitcoin’s delayed DeFi ascent to foundational challenges.
“The potential… we start to unlock Bitcoin’s potential is from like 2024,” he said, noting that “DeFi needs some time to develop… after the …
Full story available on Benzinga.com