DeFi

Bitcoin

Portal

Polygon

Orange

<p>Coinbase is diving into Bitcoin’s DeFi ecosystem, eyeing infrastructure and application projects. Analyst Klarck, via a <a href="https://x.com/0xklarck/status/1781671426086588862" target="_blank" rel="noopener noreferrer nofollow">tweet thread</a>,&nbsp; highlighted this strategic move by the U.S.’s top cryptocurrency exchange. Besides, in 2023, Coinbase’s ventures in projects like Polygon (MATIC) and Arweave (AR) drove its revenue to $3 billion. These investments yielded returns of 300x and 226x, respectively, accounting for nearly half of its profit.</p>
<h2 class="wp-block-heading" id="strong-bitcoin-defi-the-next-big-opportunity-strong"><strong>Bitcoin DeFi: The Next Big Opportunity</strong></h2>
<p>Furthermore , the exchange’s venture fund, known for its ability to identify emerging trends in the crypto space, has now turned its attention to the Bitcoin DeFi (BTCFi) narrative. Amid the <a href="https://captainaltcoin.com/how-to-maximize-bull-run-profits-analysts-6-key-strategies-ahead-of-2024-bitcoin-btc-halving/" target="_blank" rel="noopener noreferrer nofollow">2024 Bitcoin halving</a> event, a significant milestone for the Web3 world, the total value locked (TVL) in Bitcoin remains relatively small, indicating vast opportunities for growth.</p>
<p>Klarck believes that investing in Bitcoin narratives now is akin to investing in Bitcoin itself back in 2017, when the cryptocurrency was on the cusp of a major bull run. Consequently, Klarck spent several days analyzing investments made by various funds and major investors to compile a list of the top 10 BTCFi projects for 2024.</p>
<p>Moreover, Klarck notes one project that has caught Coinbase’s eye. Portal Finance, a project which aims to unite various networks built on top of Bitcoin, including BRC20, Ordinals, and <a href="https://captainaltcoin.com/heres-how-to-set-up-a-private-bitcoin-btc-node-for-potential-100x-gains-on-runes/" target="_blank" rel="noopener noreferrer nofollow">Runes</a>. Additionally, the project plans to launch its own decentralized exchange (DEX) for this ecosystem in the future.</p>
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<h2 class="wp-block-heading" id="strong-top-10-btcfi-projects-to-watch-in-2024-strong"><strong>Top 10 BTCFi Projects to Watch in 2024</strong></h2>
<p>Here’s a closer look at the top 10 BTCFi projects identified by Klarck:</p>
<ul>
 <li><strong>Hulvin (HULVIN)</strong> – A meme-coin gaining popularity among the largest communities on X, with a market cap of $9.51 million.</li>
 <li><strong>.COM (BRC20COM) </strong>– Created for the BRC-20 infrastructure, this project has already launched a platform for monitoring and tools for detection, with a market cap of $15.3 million.</li>
 <li><strong>Orange Crypto (ORNJ</strong>) – A DeFi ecosystem offering products and services to help consumers and enterprises manage Bitcoin besides other blockchain protocols, with a market cap of $24.58 million.</li>
 <li><strong>LFG (LFG) </strong>– This project utilizes the built-in security and distrust characteristic of Bitcoin to create tools, with a market cap of $33 million.</li>
 <li><strong>Comsats (CSAS) </strong>– Focused on providing ideas and decentralized solutions for the development of the Bitcoin ecosystem, with a market cap of $6.17 million.</li>
 <li><strong>Satoshi VM (SAVM)</strong> – A Layer 2 ZK Rollup on Bitcoin, compatible with the Ethereum Virtual Machine (EVM) ecosystem, with a market cap of $36.9 million.</li>
 <li><strong>ZBIT (ZBIT)</strong> – A <a href="https://captainaltcoin.com/?s=meme+coin&amp;post_type=post" target="_blank" rel="noopener noreferrer nofollow">meme coin</a> based on the Bitcoin blockchain gaining popularity on X, with a market cap of $38.1 million.</li>
 <li><strong>Zeta (ZETA)</strong> – A new Layer 1 blockchain with built-in cross-chain compatibility with EVM, Cosmos/IBC, Bitcoin, Dogecoin, Tron, and others, with a market cap of $316.1 million.</li>
 <li><strong>Wizards </strong>(WZRD<strong>) – </strong>A project for issuing NFTs on Bitcoin, marking the 10th anniversary of the<strong> </strong>original Bitcoin Wizards, with a market cap of $161.1 million.</li>
 <li><strong>TRAC (TRAC)</strong> – A token on the Bitcoin blockchain offers unparalleled access and organization of extensive Bitcoin data. Consequently, through Trac Core, it boasts a market cap of $56.1 million.</li>
</ul>
<h2 class="wp-block-heading" id="future-of-bitcoin-investments">Future of Bitcoin Investments</h2>
<p>Hence, as the Bitcoin ecosystem grows, it attracts more attention from investors and developers. Therefore, these projects could potentially experience significant growth and become the next generation of successful Bitcoin-based applications. However, it’s crucial to conduct thorough research and due diligence before investing in any cryptocurrency or project.</p>
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<p>The post <a href="https://captainaltcoin.com/coinbase-bets-big-on-bitcoin-defi-projects-analyst-reveals-top-10-btc-halving-potential-moonshots/" rel="noopener noreferrer nofollow">Coinbase Bets Big on Bitcoin DeFi Projects, Analyst Reveals Top 10 BTC Halving Potential Moonshots</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Coinbase Bets Big on Bitcoin DeFi Projects, Analyst Reveals Top 10 BTC Halving Potential Moonshots

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