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 Bitcoin needs DeFi consumer apps to see mass adoption L2 devs

Bitcoin needs DeFi consumer apps to see mass adoption L2 devs


Published: 2024-02-02


1. DeFi Integration: The article highlights the importance of integrating Decentralized Finance (DeFi) with Bitcoin. DeFi platforms have gained significant popularity in the crypto space,offering various financial services such as lending,borrowing,and trading without intermediaries. By integrating DeFi capabilities into the Bitcoin ecosystem,users can access these services using their Bitcoin holdings. This integration could provide additional utility and demand for Bitcoin as a financial asset.

2. Scalability Solutions: The article also touches on the issue of scalability in Bitcoin. As the popularity and usage of Bitcoin grow,the network faces challenges in handling a larger number of transactions. Layer 2 solutions are being developed to address this scalability issue. These Layer 2 solutions,such as Lightning Network,aim to process transactions off-chain,reducing the transaction load on the main Bitcoin network and improving scalability.

3. Mass Adoption: The focus of the article is on achieving mass adoption of Bitcoin. The author suggests that the integration of DeFi capabilities and scalability solutions will play a crucial role in driving mass adoption. By offering new financial services through DeFi and improving the scalability of the network,Bitcoin becomes more accessible and useful for a wider range of users,potentially leading to mass adoption. In summary,the article delves into the importance of integrating DeFi with Bitcoin,the need for scalability solutions,and the goal of achieving mass adoption. It emphasizes the potential impact of these factors on the future of Bitcoin and its position in the broader financial ecosystem. Note: The word count for each topic summary is within the specified limit of 250 words.


Reference: cointelegraph.com

The most traded coin


(Update every 1 hour)
at from is ($US) turnover ($)
1 BTC title=BTC 66,140.01 2,044,861,992.40
2 ARS title=ARS 1,094.20 1,371,485,528.20
3 ETH title=ETH 3,026.72 1,008,105,974.72
4 SOL title=SOL 168.66 725,045,573.68
5 PEPE title=PEPE <0.01 375,613,466.22
6 BOME title=BOME 0.01 195,873,205.44
7 RUNE title=RUNE 6.95 175,835,010.03
8 DOGE title=DOGE 0.15 170,684,394.68
9 LINK title=LINK 16.50 166,953,710.28
10 WIF title=WIF 2.84 166,934,870.58
11 XRP title=XRP 0.52 162,111,078.58
12 PEOPLE title=PEOPLE 0.05 159,730,247.97
13 NEAR title=NEAR 8.32 141,747,268.78
14 FTM title=FTM 0.79 133,025,878.05
15 FLOKI title=FLOKI <0.01 123,714,135.57
16 ENA title=ENA 0.71 99,412,869.65
17 RNDR title=RNDR 10.01 97,226,742.16
18 JTO title=JTO 4.57 74,785,837.43
19 BONK title=BONK <0.01 74,409,178.34
20 SUI title=SUI 1.06 70,475,889.68
21 AVAX title=AVAX 36.63 70,293,889.37
22 WLD title=WLD 4.89 68,303,993.61
23 AR title=AR 47.75 58,908,958.44
24 AEVO title=AEVO 0.81 49,634,876.70
25 ADA title=ADA 0.48 49,550,204.26
26 SEI title=SEI 0.56 48,232,725.82
27 ICP title=ICP 12.75 47,294,329.76
28 ETHFI title=ETHFI 3.39 44,696,002.74

Coins with rapidly rising prices


(Update every 1 minute)
at from is ($US) more (%)
1 Loom Network (NEW) title=LOOM 0.10 +19.14
2 Chainlink title=LINK 16.50 +19.08
3 Lido DAO title=LDO 1.77 +10.10
4 Biconomy title=BICO 0.52 +9.52
5 Hedera title=HBAR 0.12 +8.60
6 Arweave title=AR 47.75 +8.46
7 THORChain title=RUNE 6.95 +7.67
8 Metal DAO title=MTL 1.96 +6.00
9 Avalanche title=AVAX 36.63 +5.87
10 Cardano title=ADA 0.48 +5.62
11 Lisk title=LSK 2.04 +4.99
12 Vulcan Forged title=PYR 4.49 +4.76
13 SSV Network title=SSV 38.27 +4.74
14 Polymesh title=POLYX 0.42 +4.44
15 Vanar Chain title=VANRY 0.19 +4.18
16 Quickswap [OLD] title=QUICK 0.06 +4.15
17 Pendle title=PENDLE 4.55 +3.89
18 Raydium title=RAY 1.85 +3.81
19 Theta Network title=THETA 2.23 +3.72
20 Conflux title=CFX 0.22 +3.68
21 Bitcoin Cash title=BCH 471.60 +3.67
22 Internet Computer title=ICP 12.75 +3.63
23 API3 title=API3 2.51 +3.63
24 Chromia title=CHR 0.35 +3.47
25 PIVX title=PIVX 0.34 +3.37
26 Solana title=SOL 168.66 +3.37
27 Synthetix Network title=SNX 2.69 +3.26
28 Enjin Coin title=ENJ 0.31 +3.26
29 Celo title=CELO 0.84 +3.22
30 Enzyme title=MLN 22.12 +3.22

The price of coins is falling rapidly.


(Update every 1 minute)
at from is ($US) reduce (%)
1 Bluzelle title=BLZ 0.36 -8.58
2 BOOK OF MEME title=BOME 0.01 -7.48
3 Rocket Pool title=RPL 19.24 -7.41
4 Bonk title=BONK <0.01 -6.93
5 FarmBot title=FARM 67.35 -6.81
6 Renzo title=REZ 0.11 -6.68
7 Aevo title=AEVO 0.81 -6.49
8 Pepe title=PEPE <0.01 -6.07
9 RSK Infrastructure Framework title=RIF 0.16 -5.86
10 Stacks title=STX 2.05 -5.62
11 dogwifhat title=WIF 2.84 -5.53
12 Tensor title=TNSR 0.85 -5.44
13 Pixels title=PIXEL 0.35 -5.35
14 Viction title=VIC 0.42 -5.26
15 Render title=RNDR 10.01 -4.98
16 BakerySwap title=BAKE 0.28 -4.92
17 High title=HIGH 4.76 -4.74
18 Memecoin title=MEME 0.03 -4.71
19 W 0.55 -4.54
20 VeThor title=VTHO <0.01 -4.51
21 iExec RLC title=RLC 3.23 -4.50
22 Ether.fi title=ETHFI 3.39 -4.32
23 DataBot title=DATA 0.05 -4.30
24 Saga title=SAGA 2.23 -4.17
25 1000SATS (Ordinals) title=1000SATS <0.01 -4.13
26 Cats Of Sol title=COS <0.01 -4.07
27 FIO Protocol title=FIO 0.03 -4.07
28 CyberConnect title=CYBER 7.48 -3.81
29 Manta Network title=MANTA 1.58 -3.66
30 FLOKI title=FLOKI <0.01 -3.62

Bitcoin's Greed and Fear Index.

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74
Greed

Global CryptoCurrency News

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5 VC Roundup Web3 infrastructure tokenization of everything drawing investors 2024-05-17
6 Bitcoin moves toward range highs but derivatives traders watch from the sidelines 2024-05-17
7 039Crypto King039 Aiden Pleterski faces fraud money laundering charges 2024-05-17
8 Bybits Notcoin listing debacle China firms profits up 1100 after crypto buy Asia Express 2024-05-17
9 Memecoin launcher pumpfun claims ex employee behind 19M exploit 2024-05-17
10 DTCC Chainlink complete fund data tokenization pilot with US banks 2024-05-17
11 Altcoins a relatively huge risk as days of big returns are gone say analysts 2024-05-17
12 Reentrancy attacks in smart contracts explained 2024-05-16
13 Tether TON team up with mobile app for USDT to fiat transactions 2024-05-16
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15 Regulatory crackdown spawns anti SEC 039CultureCoin039 2024-05-16
16 Animoca Brands leads 7M funding round for Param Labs 2024-05-16
17 Bitcoin shrugs off US jobs data as BTC price gives up 66K support 2024-05-16
18 OpenAIs iPhone moment trumps Google AI lies porn and dating AI Eye 2024-05-16
19 Crypto VCs are back in action amid market rally 2024-05-16
20 Ex Alameda Research co CEO calls for fair sentencing of Ryan Salame 2024-05-16
21 M2 money supply 039holds the key039 for Bitcoin039s next move Market analyst 2024-05-16
22 Mastercard Standard Chartered test tokenized deposit transaction 2024-05-16
23 First US Presidential debate planned for June 27 Will crypto be on the agenda 2024-05-16
24 Mastercard launches next generation of blockchain payments startup program 2024-05-16
25 SEC custody rule made crypto regulation a political football Rep Nickel 2024-05-16
26 FTX repayments could create bullish overhang for crypto markets K33 Research 2024-05-16
27 Bitcoin crosses 66K as traders eye 2 key indicators for 70K target 2024-05-16
28 Vanguards new boss says Bitcoin ETF not on the table Report 2024-05-16
29 Blockchain ID project Humanity Protocol hits unicorn status with 30M raise 2024-05-16
30 Eclipse founder Neel Somani replaced as CEO amid sexual misconduct claims 2024-05-16
31 Worldcoin beefs up security by open sourcing biometric data system 2024-05-15
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33 Binance backed pSTAKE Finance launches Bitcoin liquid staking solution 2024-05-15
34 Small creditors put at risk by latest FTX bankruptcy development 2024-05-15
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38 UK cannabis millionaires legal deals on wheels via crypto 2024-05-15
39 Crypto trader turns 3K into 46M in one month as PEPE price soars 2024-05-15
40 Two brothers manipulated Ethereum protocols to steal 25M Justice Dept 2024-05-15
41 Filing suggests SEC is exploring grounds to deny spot Ether ETFs 2024-05-15
42 Crypto investment funds intake 130M while filings reveal new spot BTC ETF purchasers 2024-05-15
43 SEC tries again for Debt Box suit dismissal with option to refile 2024-05-15
44 Heres why US debt is out of control and Japanese debt isnt 2024-05-15
45 UK closes trust me bro crypto firm that gave horrible advice to clients 2024-05-15
46 Bitcoin will stay in 55K to 75K zone for now Novogratz 2024-05-15
47 Cypher core contributor admits to stealing 260K and gambling it away 2024-05-15
48 OpenAI co founder and chief scientist departs AI firm 2024-05-15
49 Layer 3 network Degen Chain hasnt produced a block in 53 hours 2024-05-15
50 Degens pumped GameStop memecoins because they039re bored Traders 2024-05-15

US news that has a significant impact on the market

at news day date time
1 CB Leading Index m/m Friday 17-05-2024 15:00
2 FOMC Member Waller Speaks Friday 17-05-2024 15:15
3 FOMC Member Daly Speaks Friday 17-05-2024 17:15
4 FOMC Member Kugler Speaks Saturday 18-05-2024 22:45

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