Pantera Capital expects the total value of Bitcoin DeFi applications to reach as high as $450 billion.

BlockBeats reported that Pantera Capital, a cryptocurrency investment firm, recently released a research report stating that based on historical data, the total value of DeFi applications on Bitcoin is expected to reach $225 billion (25% of Bitcoin's market value), compared to Ethereum's DeFi applications, which currently account for between 8% and 50% of Ethereum's market value. Over time, this figure could range from $72 billion to $450 billion (8% and 50%) based on current Bitcoin market value assumptions. In addition, the top DeFi applications in the Bitcoin ecosystem may eventually be valued at $20 billion (2.2% of Bitcoin), with a range of $6.5 billion to $40 billion. This would make it one of the top 10 most valuable assets in the cryptocurrency ecosystem.