#OnChainLendingSurge
Bitcoin’s recent surge past the $100,000 mark is no small feat, considering 18 months ago many pundits thought the industry was dying or would fade into obscurity. Despite Bitcoin hitting $108,000 in December before falling to under $95,000, one need only look at its price on January 1, 2024 ($42,500) to see just how far the original cryptocurrency has risen.
Rising crypto prices aren’t simply a reflection of the asset class’s usual ebbs and flows, but rather the result of a matured industry ready for growth. As 2024 winds down, decentralized finance’s (DeFi) total value locked (TVL) has increased to over $125 billion, while intriguing AI use cases and real-world asset (RWA) tokenization highlight crypto’s growth.