Bernstein Report: As Bitcoin Rises, DeFi Protocols Will Experience an "Explosive" Recovery

ChainCatcher news, according to The Block, Bernstein analysts Gautam Chhugani and Mahika Sapra pointed out in a report on Monday that with Bitcoin nearing its all-time high, DeFi will experience a "big bang" revival.

The reason given is that this market cycle will bring more trading volume to various DEXs. With DeFi protocols represented by Uniswap introducing a token fee-sharing mechanism, DeFi will shift from the unsustainable subsidized token economy of the previous cycle to a model of real earnings.