Bitcoin’s role is expanding beyond a store of value. A new Binance Research paper highlights how Bitcoin is evolving into a decentralized financial (DeFi) powerhouse with BTCFi, unlocking capital efficiency through lending, staking, stablecoins, and DEXs. 💰 Massive Market Potential: Only 0.79% of BTC is currently utilized in DeFi—meaning even a small shift could bring billions in inflows and reshape the financial landscape. ⚡️ Infrastructure Challenges: Unlike smart contract-based L1s, Bitcoin requires L2 solutions to scale BTCFi. While progress is underway, further development, adoption, and liquidity incentives are essential. 📄 Read the full Binance Research report to dive deeper into the future of Bitcoin DeFi.