Bitcoin DeFi May Overtake Ethereum and Solana — the Blockchain Has 300 Million Users
Bitcoin Prepares for Expansion in DeFi
Bitcoin DeFi may become the largest in the industry — if someone is able to create a convenient set of services for millions of BTC holders first. This was stated by Build on Bitcoin co-founder Alexey Zamyatin at the Token2049 conference in Dubai.
“The Bitcoin DeFi market is potentially several times larger. There is a huge user base. You win — and you take it all,” he noted.
There are currently about 300 million users in the Bitcoin ecosystem.
The Build on Bitcoin project is developing a hybrid L2 solution based on BitVM — a platform for launching smart contracts compatible with the Ethereum ecosystem, but maintaining the security of the Bitcoin network.
Conclusion: the first convenient DeFi interface on BTC may become the leader of the new cycle.
While Ethereum and Solana are dividing the mature DeFi market between them, Bitcoin remains an underutilized ecosystem with a colossal user base. If a secure and convenient DeFi infrastructure can be built, Bitcoin may not just catch up, but overtake the leaders.