Original author: Deep Tide TechFlow
When Bitcoin exceeded $90,000, various ecosystems in the crypto market began their own celebrations.
AI storytelling continues to be hot, Meme continues to play out wealth creation myths... But in this carnival, the projects in the BTC ecosystem are more like outsiders: It's all about them, and I have nothing.
Obviously, the positive effects of Bitcoin pump have not spilled over too much into our own ecosystem projects.
Even compared to the 'most disappointing' ETH network, the proud Decentralized Finance (DeFi) sector occupies nearly 17% of the total market capitalization of the ETH network, while BTC maintains a 50% market capitalization share. However, the total value locked (TVL) of its DeFi ecosystem is less than 1% of the entire market (data from CMC).