$BTC After a rapid development phase, the Bitcoin NFT and Layer-2 market is gradually entering a quiet stage. NFT volume on BTC has significantly decreased, and many Layer-2 projects are no longer in existence. The market is currently undergoing a "filtering" phase and is focusing more on core values. Experts believe that Bitcoin DeFi has long-term growth potential, with only 0.3% of BTC's market capitalization currently participating in this field (compared to 30% of ETH). This indicates that the potential of Bitcoin in the DeFi sector is still very large and not fully exploited.

source: thuancapital