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Evolution of Bitcoin NFTs and DeFi Innovations
This chapter explores the rise of Bitcoin NFTs, particularly the popular 'Op Cat' NFTs, and discusses the implications of Synthetix launching its own blockchain as an app chain in the Cosmos ecosystem. It examines the evolution of DeFi applications and the challenges of liquidity fragmentation, alongside Synthetix’s historical advancements in yield farming. Additionally, the chapter highlights the innovative developments within the Frax ecosystem and its transition from a stablecoin to a full-fledged DeFi platform.
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