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BTCFi: The Emergence of Bitcoin-native DeFi

  • 📰 Cointelegraph
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BTCFi, or BTC Finance, is a recent paradigm seeking to bring DeFi capabilities to the world’s first blockchain network. Provided that its current adoption rate continues, BTCFi could match the innovation of Ethereum-based DeFi in the future. The market's demand and confidence in Bitcoin-native DeFi applications is evident through the record IDO.

While Bitcoin-native DeFi used to be considered impossible, BTCFi is slowly emerging as a new blockchain paradigm, according to MerlinSwap’s co-founder. BTCFi, or BTC Finance, is a recent paradigm seeking to bring DeFi capabilities to the world’s first blockchain network. Provided that its current adoption rate continues, BTCFi could match the innovation of Ethereum-based DeFi in the future.

The market's demand and confidence in Bitcoin-native DeFi applications is evident through the record IDO

 

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