DeFi’s Bitcoin Ballet: A 22x Leap, Yet Trust Takes a Tumble! 🕺💰
According to the wise sages at DefiLlama, the total value locked (TVL) in Bitcoin-based (BTC) DeFi protocols has soared from a mere $304.66 million on Jan. 1, 2024, to a staggering $6.5 billion by Dec. 31, 2024. As of this writing, the TVL stands at a princely $7.05 billion. A 22-fold increase, indeed! 🚀