Richard Green: Bitcoin DeFi Demand Concentrates on a Few High Fund Users

Rootstock Labs' head of institutions and ecosystems, Richard Green, stated that the Bitcoin DeFi project is shifting its focus towards a more financially savvy user base. The total locked value of DeFi protocols has decreased from approximately $180 billion in October last year to approximately $70 billion currently. Rootstock is shifting its target users towards Bitcoin miners and digital asset treasury companies, providing them with lending and revenue generating products. Richard Green believes that the current demand for Bitcoin DeFi is concentrated in a few niche groups with strong financial strength, and project parties should design products around balance sheet requirements.