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Bernstein: DeFi protocols will usher in explosive recovery as Bitcoin rises

Bernstein analysts Gautam Chhugani and Mahika Sapra pointed out in their report on Monday that with Bitcoin approaching a historic high, DeFi will experience explosive (big bang) recovery. Their reasoning is that this round of market trends will bring more trading volume to various DEXs. With the introduction of token fee-sharing mechanisms represented by Uniswap and other DeFi protocols, DeFi will change from an unsustainable subsidy-based token economy in the previous cycle to a real revenue model.

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