THREAD!!
1/ If you are wondering, how much higher the $DFI price can go, let me tell you: much, much, much higer, and this is why: #Bitcoin was the first #DeFi project and its function is that of creating value (it is better than anything else) and is starting to transfer value.
2/ This function is still at the very beginning though. @DeFiChain is covering functions of DeFi that Bitcoin does not have, but is building on the same fundamentals: it is a code fork, it is very interoperable, it needs Bitcoin for its security, and much much more - AND:
3/ it has the additional DeFi function sets of #lending, #exchanging, #staking and #tokenization. Bitcoin derives its value from people seeing it as digital gold. $DFI derives its value from people exchanging, staking, tokenizing and lending on the blockchain - natively!!
4/ This is very different to any other smart contract blockchain such as #Ethereum, etc., where all this is NOT happening onchain, but on the dapps. Big difference, as here the value is not necessarily captured by the coin, rather the 2nd layer projects.
5/ #DeFiChain captures all that value and therefore the metrics of Total Value Locked (TVL) and Total Coins in Staking are absolute essential. The more value is locked, the higher DFI has to go - it cannot be any different, as you couldn't lock the value otherwise.