The first decentralized financial company (DEFI), which will launch a user -friendly package of products on Bitcoin, “won the entire market” 300 million blockchain users, says one Crypto founder.
Aleksiej Przystatin, co -founder of Bitcoin Layer 2 Build on Bitcoin, said Cointelegraph at the token2049 in Dubai that “the benefit of Bitcoin DEFI is that the market is much greater, you have a much larger base of retail users that you can use.”
“It is not easy to convert it, but if you manage to win in Bitcoin Defi, you will win the whole market.”
Thoughts said that 300 million bitcoin users It would mean DEFI services in blockchain “everything that we have seen in Ethereum and Solanie would grow.”
Build on Bitcoin is one of the companies that want to win a market share, offering a hybrid solution of layer 2, which combines Bitcoin security with the possibilities of Ethereum Defi via Bitvm, a platform that processes Bitcoin Turing-Complete contracts.
The thoughts argued that native Bitcoins are necessary for Bitcoin DEFs, because blockchain safety is sturdy, but her human talents, tools and network effects of the Ethereum network.
The thoughts said that Bitcoin (BTC) and Stablecoin products raise the demand for Bitcoin -based DEFs.
“Many institutions that buy Bitcoin usually have to find profitability on their assets. So bitcoins’ performance becomes very hot and very sought after.”
The demand for stablecoin supported by bitcoins also increases rapidly, because Bitcoin is “the best protection”, added thread.
What if we are toxate ETF Bitcoin so that institutions can access DEFI? pic.twitter.com/2hcpwbczds
– Alexei (@alexeizamyatin) April 10, 2025
Bitcoin has become the main case of the employ of DEFs outside payments in which Bitcoin owners close their coins in ownership vaults or separate one -off signatures to earn prizes for evidence, such as Ethereum.
The Babylon protocol is currently running this market with a value of $ 4.64 billion blocked, which is almost 80% of the entire value blocked on bitcoin, Defillama data can be seen.
DEFI TVL Bitcoin is still a fraction of a value of $ 54.6 billion blocked on Ethereum.
Bridging solutions a controversial topic
The thoughts confirmed numerous hacks on Blockchain bridges, but argued that most of these incidents resulted from teams that did not manage their private keys, not from clever gaps in the contract.
While the competition on the retail market is widely open, the thoughts noticed that many institutions are still hesitating to employ bridges that allow users to transfer a value between incompatible blocks.
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The thoughts noticed that in some cases efforts were made to raise the number of signatories from the bridge from five to 50.
However, institutions are reluctant to accept these solutions because they often do not know who signs transactions.
For example, the Renbtc REN protocol works via a decentralized node network called Darknodes, which sign transactions to block BTC and Mint Renbtc for employ on other chains.
However, institutions still avoid these protocols due to the involved degree of anonymity and instead choose the employ of trusted carers, such as Bitgo and Custody coins for such activities.
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Additional reports of EZRA ASTERRA.