When Bitcoin breaks through $90,000, will DeFi usher in a new spring?
Bitcoin has once again set a historical record, breaking through the $89,000 barrier. This news is like a shot of adrenaline, instantly activating the vitality of the entire cryptocurrency market. However, amidst this excitement, the market seems to have lost its direction. The once glorious narrative of DeFi (Decentralized Finance) now appears somewhat lonely, as many people have money in hand but do not know where to invest it.
DeFi: The Forgotten Golden Track
Looking back to the last 'DeFi Summer', the DeFi market was like a carnival, with countless projects emerging like mushrooms after rain, and investors flocking to this new financial blue ocean. However, as the market gradually calms down, the development of DeFi seems to have entered a bottleneck period. In fact, the importance of DeFi has not diminished; rather, it has become more prominent with the development of blockchain technology.
On-chain Finance: Beyond the Boundaries of Ethereum
Although most initial DeFi projects were built on Ethereum, with the rise of public chains like Solana and BSC, the application scenarios of DeFi are no longer limited to a single platform. This marks that DeFi is becoming a true synonym for on-chain finance, rather than just an exclusive label of a specific public chain. This change not only broadens the application scope of DeFi but also provides fertile ground for more innovative projects.
BounceBit: The Pioneer of CeDeFi
In this context, BounceBit stands out with its unique CeDeFi (combination of centralized and decentralized finance) concept. BounceBit creatively combines the chain security of BTC with the compatibility of EVM (Ethereum Virtual Machine), aiming to realize asset value circulation between CeFi (Centralized Finance) and DeFi through liquidity custodial tokens. This innovation not only breaks down the barriers between traditional finance and decentralized finance but also provides users with more diversified sources of income.
CeDeFi: The Future Path of Financial Innovation
If the development of DeFi has encountered a bottleneck, it may be because our imagination for on-chain finance is not bold enough. The financial system in the real world remains centralized, and CeDeFi is precisely the bridge connecting these two worlds. By introducing more traditional financial assets into the DeFi field, CeDeFi is expected to inject new vitality into DeFi and open up the next growth cycle.
