The ability to build new applications on Bitcoin allows them to profit from the network effects of Bitcoin, whether they are facilitating decentralized finance (DeFi), or decentralized autonomous organisations (DAO). This is all while encouraging sound money adoption. BTC’s <a href=",38.08%25%20from%20one%20year%20ago. The highest level of liquidity, including ether (ETH), is critical for decentralized finance which relies on liquidity pools. The more liquidity a protocol has the better it can power financial use cases.