The article discusses the growth and achievements of BTCfi, or "Bitcoin DeFi," applications, specifically focusing on the lending platform Liquidium. Liquidium allows users to borrow against their Bitcoin assets and has executed over 75,000 loans in the past year, totaling more than $360 million in loan volume and paying over $6.3 million in native BTC interest to lenders. While the numbers are impressive for a protocol that is only a year old, the author suggests that BTCfi needs to grow exponentially to be considered "real" compared to other chains like Ethereum. However, the increasing volume of loans on Liquidium, with Runes becoming the dominant asset backing Bitcoin native loans, is seen as a positive development for Bitcoin and its security guarantees. The author encourages and supports people building in this way on the Bitcoin blockchain.



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