Pantera Capital Research Report: The total value of DeFi applications in the Bitcoin ecosystem is expected to reach up to US$450 billion

Cryptocurrency investment firm Pantera Capital recently released a research report stating that based on historical data, the total value of Bitcoin's DeFi applications is expected to reach $225 billion (25% of Bitcoin's market value), compared to Ethereum's DeFi applications accounting for 8% to 50% of Ethereum's market value. Over time, the total value of Bitcoin's DeFi applications could range from $72 billion to $450 billion (8% to 50%) (based on current Bitcoin market value assumptions).

In addition, the top DeFi applications in Bitcoin's ecosystem could eventually be valued at $20 billion (2.2% of Bitcoin's market value), with a range of $6.5 billion to $40 billion. This would make it one of the top 10 most valuable assets in the cryptocurrency ecosystem.