Countries may want to ban crypto, but good luck with that - anyone can get a wallet and join the decentralized market.
Suppose I'm a newcomer to BTCFi. I want an analysis of the Bitcoin DeFi space, divided into two main pieces. Firstly, I want an explanation about what BTCFi is: why was it created? How does it work? Secondly, I want an analysis of the current scenario of BTCFi, and rankings of major tokens and chains in the BTCFi panorama, according to at least 3 different metrics, one being TVL and the other market cap.
Include other metrics you may consider relevant.
You must provide a list of related tokens and related chains.
Gauge the sentiment about BTCFi in the current BTC cycle.
Appoint possible future directions for BTCFi.