• bitcoinBitcoin (BTC) $ 118,863.00
  • ethereumEthereum (ETH) $ 3,874.00
  • xrpXRP (XRP) $ 3.17
  • tetherTether (USDT) $ 0.999933
  • bnbBNB (BNB) $ 829.11
  • solanaSolana (SOL) $ 185.25
  • usd-coinUSDC (USDC) $ 0.999800
  • staked-etherLido Staked Ether (STETH) $ 3,865.82
  • dogecoinDogecoin (DOGE) $ 0.230169
  • tronTRON (TRX) $ 0.330541
  • cardanoCardano (ADA) $ 0.802862
  • wrapped-stethWrapped stETH (WSTETH) $ 4,683.72
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 118,810.00
  • hyperliquidHyperliquid (HYPE) $ 44.74
  • suiSui (SUI) $ 3.96
  • stellarStellar (XLM) $ 0.432907
  • chainlinkChainlink (LINK) $ 18.43
  • wrapped-beacon-ethWrapped Beacon ETH (WBETH) $ 4,160.42
  • hedera-hashgraphHedera (HBAR) $ 0.276540
  • bitcoin-cashBitcoin Cash (BCH) $ 571.71
  • wrapped-eethWrapped eETH (WEETH) $ 4,149.34
  • avalanche-2Avalanche (AVAX) $ 25.24
  • wethWETH (WETH) $ 3,874.28
  • litecoinLitecoin (LTC) $ 110.01
  • leo-tokenLEO Token (LEO) $ 8.97
  • the-open-networkToncoin (TON) $ 3.28
  • shiba-inuShiba Inu (SHIB) $ 0.000014
  • ethena-usdeEthena USDe (USDE) $ 1.00
  • usdsUSDS (USDS) $ 0.999654
  • binance-bridged-usdt-bnb-smart-chainBinance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 0.999881
  • whitebitWhiteBIT Coin (WBT) $ 44.61
  • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 118,909.00
  • uniswapUniswap (UNI) $ 10.58
  • polkadotPolkadot (DOT) $ 4.05
  • moneroMonero (XMR) $ 322.87
  • bitget-tokenBitget Token (BGB) $ 4.61
  • pepePepe (PEPE) $ 0.000012
  • crypto-com-chainCronos (CRO) $ 0.144523
  • aaveAave (AAVE) $ 292.63
  • ethena-staked-usdeEthena Staked USDe (SUSDE) $ 1.19
  • ethenaEthena (ENA) $ 0.622382
  • bittensorBittensor (TAO) $ 406.99
  • daiDai (DAI) $ 0.999958
  • nearNEAR Protocol (NEAR) $ 2.80
  • ethereum-classicEthereum Classic (ETC) $ 22.32
  • pi-networkPi Network (PI) $ 0.438484
  • ondo-financeOndo (ONDO) $ 0.998578
  • internet-computerInternet Computer (ICP) $ 5.67
  • jito-staked-solJito Staked SOL (JITOSOL) $ 225.82
  • okbOKB (OKB) $ 48.53
  • aptosAptos (APT) $ 4.75
  • mantleMantle (MNT) $ 0.786608
  • kaspaKaspa (KAS) $ 0.099775
  • pudgy-penguinsPudgy Penguins (PENGU) $ 0.040594
  • bonkBonk (BONK) $ 0.000032
  • blackrock-usd-institutional-digital-liquidity-fundBlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
  • algorandAlgorand (ALGO) $ 0.270695
  • binance-peg-wethBinance-Peg WETH (WETH) $ 3,874.49
  • arbitrumArbitrum (ARB) $ 0.446670
  • usd1-wlfiUSD1 (USD1) $ 0.996769
  • vechainVeChain (VET) $ 0.025377
  • cosmosCosmos Hub (ATOM) $ 4.73
  • render-tokenRender (RENDER) $ 4.15
  • gatechain-tokenGate (GT) $ 17.82
  • polygon-ecosystem-tokenPOL (ex-MATIC) (POL) $ 0.231740
  • spx6900SPX6900 (SPX) $ 2.17
  • worldcoin-wldWorldcoin (WLD) $ 1.12
  • fasttokenFasttoken (FTN) $ 4.59
  • sei-networkSei (SEI) $ 0.340753
  • official-trumpOfficial Trump (TRUMP) $ 9.73
  • skySky (SKY) $ 0.088786
  • fetch-aiArtificial Superintelligence Alliance (FET) $ 0.726408
  • binance-staked-solBinance Staked SOL (BNSOL) $ 197.58
  • rocket-pool-ethRocket Pool ETH (RETH) $ 4,393.79
  • filecoinFilecoin (FIL) $ 2.65
  • flare-networksFlare (FLR) $ 0.025311
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 4,057.95
  • story-2Story (IP) $ 5.86
  • jupiter-exchange-solanaJupiter (JUP) $ 0.565341
  • lombard-staked-btcLombard Staked BTC (LBTC) $ 118,676.00
  • susdssUSDS (SUSDS) $ 1.06
  • jupiter-perpetuals-liquidity-provider-tokenJupiter Perpetuals Liquidity Provider Token (JLP) $ 5.09
  • xdce-crowd-saleXDC Network (XDC) $ 0.092165
  • kucoin-sharesKuCoin (KCS) $ 11.62
  • injective-protocolInjective (INJ) $ 14.99
  • celestiaCelestia (TIA) $ 2.01
  • stakewise-v3-osethStakeWise Staked ETH (OSETH) $ 4,037.54
  • usdtbUSDtb (USDTB) $ 1.00
  • mantle-staked-etherMantle Staked Ether (METH) $ 4,131.58
  • liquid-staked-ethereumLiquid Staked ETH (LSETH) $ 4,185.81
  • curve-dao-tokenCurve DAO (CRV) $ 1.02
  • first-digital-usdFirst Digital USD (FDUSD) $ 0.997040
  • usdt0USDT0 (USDT0) $ 0.999638
  • optimismOptimism (OP) $ 0.770812
  • conflux-tokenConflux (CFX) $ 0.261641
  • nexoNEXO (NEXO) $ 1.31
  • renzo-restaked-ethRenzo Restaked ETH (EZETH) $ 4,071.39
  • blockstackStacks (STX) $ 0.804453
  • polygon-bridged-usdt-polygonPolygon Bridged USDT (Polygon) (USDT) $ 0.999791
  • flokiFLOKI (FLOKI) $ 0.000123
  • fartcoinFartcoin (FARTCOIN) $ 1.18
  • falcon-financeFalcon USD (USDF) $ 0.999299
  • ether-fi-staked-ethether.fi Staked ETH (EETH) $ 3,870.95
  • jupiter-staked-solJupiter Staked SOL (JUPSOL) $ 208.43
  • immutable-xImmutable (IMX) $ 0.583657
  • solv-btcSolv Protocol BTC (SOLVBTC) $ 118,094.00
  • wbnbWrapped BNB (WBNB) $ 829.92
  • dogwifcoindogwifhat (WIF) $ 1.06
  • the-graphThe Graph (GRT) $ 0.105775
  • pancakeswap-tokenPancakeSwap (CAKE) $ 3.01
  • sonic-3Sonic (S) $ 0.320202
  • binance-bridged-usdc-bnb-smart-chainBinance Bridged USDC (BNB Smart Chain) (USDC) $ 0.999967
  • lido-daoLido DAO (LDO) $ 1.10
  • virtual-protocolVirtuals Protocol (VIRTUAL) $ 1.49
  • ethereum-name-serviceEthereum Name Service (ENS) $ 29.42
  • msolMarinade Staked SOL (MSOL) $ 242.77
  • saros-financeSaros (SAROS) $ 0.364581
  • kaiaKaia (KAIA) $ 0.163115
  • arbitrum-bridged-wbtc-arbitrum-oneArbitrum Bridged WBTC (Arbitrum One) (WBTC) $ 118,759.00
  • pax-goldPAX Gold (PAXG) $ 3,333.29
  • clbtcclBTC (CLBTC) $ 121,131.00
  • paypal-usdPayPal USD (PYUSD) $ 0.999419
  • tezosTezos (XTZ) $ 0.871072
  • syrupusdcSyrupUSDC (SYRUPUSDC) $ 1.11
  • theta-tokenTheta Network (THETA) $ 0.882352
  • vaultaVaulta (A) $ 0.552778
  • pump-funPump.fun (PUMP) $ 0.002414
  • raydiumRaydium (RAY) $ 3.17
  • super-oethSuper OETH (SUPEROETH) $ 3,871.73
  • iotaIOTA (IOTA) $ 0.209265
  • jasmycoinJasmyCoin (JASMY) $ 0.016919
  • tether-goldTether Gold (XAUT) $ 3,318.09
  • mantle-restaked-ethMantle Restaked ETH (CMETH) $ 4,135.42
  • cgeth-hashkey-cloudcgETH Hashkey Cloud (CGETH.HASH) $ 4,030.86
  • galaGALA (GALA) $ 0.017534
  • pyth-networkPyth Network (PYTH) $ 0.131986
  • pendlePendle (PENDLE) $ 4.49
  • the-sandboxThe Sandbox (SAND) $ 0.303806
  • aerodrome-financeAerodrome Finance (AERO) $ 0.847521
  • jito-governance-tokenJito (JTO) $ 1.97
  • ousgOUSG (OUSG) $ 111.97
  • bittorrentBitTorrent (BTT) $ 0.00000069
  • ondo-us-dollar-yieldOndo US Dollar Yield (USDY) $ 1.08
  • tbtctBTC (TBTC) $ 118,588.00
  • usdx-money-usdxStables Labs USDX (USDX) $ 0.998187
  • zcashZcash (ZEC) $ 41.51
  • l2-standard-bridged-weth-baseL2 Standard Bridged WETH (Base) (WETH) $ 3,875.27
  • flowFlow (FLOW) $ 0.406974
  • heliumHelium (HNT) $ 3.46
  • walrus-2Walrus (WAL) $ 0.449911
  • syrupMaple Finance (SYRUP) $ 0.510950
  • stader-ethxStader ETHx (ETHX) $ 4,121.83
  • mog-coinMog Coin (MOG) $ 0.000002
  • newton-projectAB (AB) $ 0.008548
  • decentralandDecentraland (MANA) $ 0.309712
  • morphoMorpho (MORPHO) $ 1.83
  • binance-peg-dogecoinBinance-Peg Dogecoin (DOGE) $ 0.230416
  • usual-usdUsual USD (USD0) $ 0.997751
  • bitcoin-avalanche-bridged-btc-bAvalanche Bridged BTC (Avalanche) (BTC.B) $ 118,825.00
  • ripple-usdRipple USD (RLUSD) $ 0.999812
  • bitcoin-svBitcoin SV (BSV) $ 28.75
  • arbitrum-bridged-weth-arbitrum-oneArbitrum Bridged WETH (Arbitrum One) (WETH) $ 3,873.52
  • solv-protocol-solvbtc-bbnSolv Protocol Staked BTC (XSOLVBTC) $ 117,913.00
  • based-brettBrett (BRETT) $ 0.056611
  • coinbase-wrapped-staked-ethCoinbase Wrapped Staked ETH (CBETH) $ 4,270.51
  • usddUSDD (USDD) $ 1.00
  • beldexBeldex (BDX) $ 0.077307
  • coredaoorgCore (CORE) $ 0.547887
  • chain-2Onyxcoin (XCN) $ 0.015972
  • memecoreMemeCore (M) $ 0.319468
  • arweaveArweave (AR) $ 8.00
  • telcoinTelcoin (TEL) $ 0.005681
  • swethSwell Ethereum (SWETH) $ 4,242.21
  • thorchainTHORChain (RUNE) $ 1.46
  • reserve-rights-tokenReserve Rights (RSR) $ 0.008725
  • ether-fiEther.fi (ETHFI) $ 1.22
  • apecoinApeCoin (APE) $ 0.625912
  • true-usdTrueUSD (TUSD) $ 0.997301
  • keetaKeeta (KTA) $ 1.21
  • starknetStarknet (STRK) $ 0.133152
  • apenftAPENFT (NFT) $ 0.00000048
  • aioz-networkAIOZ Network (AIOZ) $ 0.396191
  • neoNEO (NEO) $ 6.64
  • build-onBUILDon (B) $ 0.467820
  • wrapped-hypeWrapped HYPE (WHYPE) $ 44.72
  • compound-governance-tokenCompound (COMP) $ 49.37
  • frax-etherFrax Ether (FRXETH) $ 3,856.24
  • dydx-chaindYdX (DYDX) $ 0.615331
  • elrond-erd-2MultiversX (EGLD) $ 16.01
  • savings-daiSavings Dai (SDAI) $ 1.16
  • polygon-pos-bridged-weth-polygon-posPolygon PoS Bridged WETH (Polygon POS) (WETH) $ 3,872.57
  • wemix-tokenWEMIX (WEMIX) $ 0.987616
  • ecasheCash (XEC) $ 0.000022
  • deepDeepBook (DEEP) $ 0.176849
  • treehouse-ethTreehouse ETH (TETH) $ 4,690.90
  • zebec-networkZebec Network (ZBCN) $ 0.005142
  • eigenlayerEigenCloud (prev. EigenLayer) (EIGEN) $ 1.37
  • kavaKava (KAVA) $ 0.392958
  • dexeDeXe (DEXE) $ 7.35
  • tripTrip (TRIP) $ 14.24

Bitcoin DeFi key to unlocking $300T potential: Asymmetric Founder

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Bitcoin DeFi key to unlocking $300T potential: Asymmetric Founder

This is a segment from the Supply Shock newsletter. To read full editions, subscribe.

Serial entrepreneur Dan Held, whose past exits include Zeroblock and Interchange, sees Bitcoin DeFi as the largest untapped opportunity of his decade-long crypto career.

Speaking on the Supply Shock podcast Tuesday, Held told host Pete Rizzo that he sees decentralized finance (DeFi) as the key to unlocking bitcoin’s potential as a $300 trillion global asset. He pointed to the ability to earn yield for lending bitcoin — one of the many financial functions DeFi replicates without centralized intermediaries — as a major opportunity.

Held’s journey into Bitcoin DeFi began with his exploration of yield-generating opportunities, including providing liquidity for Lightning channels and Coinjoins. Initially skeptical of DeFi due to its association with scams, Held became convinced of its potential after witnessing new use cases on alternative crypto platforms like Ethereum and Solana.

He noted that DeFi could introduce new users to bitcoin, much like early adopters were drawn in through activities like Silk Road and speculation. “If DeFi could be unlocked on Bitcoin, it would be by far the biggest opportunity ever to happen in crypto,” Held said.

Elsewhere, Held told Rizzo he does not see Bitcoin DeFi as a zero-sum game where Bitcoin replaces other blockchains entirely. “I think what will happen is that this just absorbs market share from the other ones significantly, but not totally, and that this increases Bitcoin’s dominance,” Held explained.

Source

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