"ETH DeFi Boom vs. the Rise of BTCFi" #Bitlayer @BitlayerLabs
2019–2020 was the golden age of Ethereum DeFi.
MakerDAO brought stablecoins into the mainstream, Compound sparked a lending boom, and Uniswap brought decentralized exchanges (DEXs) to the mainstream. These applications, initially overlooked by many, later became Ethereum's most powerful growth engines.
Today, I see a similar dynamic at @BitlayerLabs.
Bitcoin has long been defined as "digital gold," maintaining its value but lacking flexibility. #Bitlayer is rewriting this dynamic:
BitVM Bridge: Secure cross-chain transactions solve BTC's long-standing liquidity challenges;
YBTC: Making BTC a programmable, interest-bearing asset;
High-performance Rollup: EVM compatibility allows DeFi applications to run directly within the Bitcoin ecosystem.
The difference is that Bitcoin is far larger than Ethereum back then. Once BTCFi is activated, its scale and impact could be many times greater than that of the early days of ETH DeFi. So I often wonder: For those who missed out on ETH DeFi back then, do they now have a chance to participate in the first wave of Bitcoin financialization through #Bitlayer?
👉 What do you think? Will BTCFi become the next golden age of DeFi?
@BitlayerLabs