Recent research by Binance highlights Bitcoin's (BTC) potential within the decentralized finance (DeFi) sector, describing it as an 'untapped opportunity'. As DeFi continues to grow, Bitcoin, despite being primarily recognized as a store of value, presents an alternative that could enhance the landscape of decentralized applications (dApps) and financial services. The study indicates that while Ethereum has led in DeFi innovations, Bitcoin's significant market dominance and liquidity could play a crucial role in the evolution of DeFi protocols. The report suggests that expanding Bitcoin's capabilities within DeFi can attract a larger user base and increase financial inclusivity. This aligns with current trends where traditional finance intersects with blockchain technology, emphasizing the importance of incorporating Bitcoin to realize the full potential of DeFi applications. As the industry looks ahead, the integration of Bitcoin into DeFi remains a critical area for further exploration and development.

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