The first decentralized finance company (DEFI) to launch a friendly friendly friendly product on Bitcoin “will win the whole market” of the 300 million blockchain users, said a Crypto founder.
Alexei Zamyatin, the co-founder of Bitcoin Layer 2 built on Bitcoin, told Cointelegraph in Token2049 in Dubai that “the advantage of Bitcoin Defi is that the market is much larger, you have a much larger detail user base in which you can exploit.”
“It’s not easy to convert it, but if you manage to win in Bitcoin Defi, you earn the whole market.”
Zamyatin said that 300 million Bitcoin users I would mean that the Services DEFI on the blockchain “would exceed everything we have seen so far in Ethereum and Solana”.
Building on Bitcoin is one of the companies that seek to gain market share, offering a hybrid layer 2 solution that combines Bitcoin safety with Ethereum DEFI capabilities via Bitvm, a platform that deals with Bitcoin contracts from Turing-Complete.
Zamyatin argued that native Bitcoin bridges are necessary for Defi on Bitcoin because the security of blockchain is strong, but it does not have human talent, the tools and effects of the Ethereum network.
Zamyatin said that Bitcoin (BTC) products and Stablecoin products stimulate high demand for Bitcoin DEFI.
“Many institutions that buy Bitcoin must now generally find a return on the assets they hold. So, the yield of Bitcoin becomes a very hot and very sought after. ”
The demand for stablescoins supported by Bitcoin also skyrocketed because Bitcoin is the “best guarantee,” added Zamyatin.
What happens if we token Bitcoin ETF so that institutions can access DEFI yields? pic.twitter.com/2hcpwbczds
– Alexii (@alexaizamyatin) April 10, 2025
Bitcoin Slake has become the main case of use DEFI apart from payments, which implies that Bitcoin holders lock their parts of self-affectation boxes or extractable occasional signatures to gain rewards on blocks of evidence like Ethereum.
The Babylon protocol is currently at the top of this market with $ 4.64 billion of locked value, representing almost 80% of all the values locked on Bitcoin, according to Defilma data.
Bitcoin TVL DEFI is still a fraction of the value of $ 54.6 billion locked on Ethereum.
Pontage solutions A controversial subject
Zamyatin recognized the many hacks on blockchain bridges, but argued that most of these incidents resulted from the team that did not manage their private keys, rather than vulnerabilities of smart contract.
Although competition on the detail market is wide open, Zamyatin noted that many institutions still hesitate to use bridges that allow users to move the value between incompatible blockchains.
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Zamyatin noted that efforts have been made to increase the number of bridge signatories by five to 50 in some cases.
However, institutions have hesitated to adopt these solutions because they often do not know who signals transactions.
For example, Renbtc du Protocol Ren works via a decentralized network of nodes called Darknodes, which sign transactions to lock BTC and Mint Renbtc to use on other channels.
However, institutions continue to avoid these protocols due to the degree of anonymity involved and rather choose to use trust guards like Bitgo and Coinbase for such activities.
Review: ZK -InPropos unlocks thousands of Bitcoins for Defi – Bitcoinos and Starknet
Additional report by Ezra will will.
