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Bitcoin DeFi to Surpass Ethereum and Solana With 300M Users, Experts Say

  • Crypto expert Alexei Zamyatkin suggests that Bitcoin DeFi could surpass Ethereum and Solana if a user-friendly suite of products is launched on the Bitcoin network to attract its 300 million users.
  • Build on Bitcoin, a firm offering a hybrid layer 2 solution, aims to capitalize on Bitcoin's security and Ethereum DeFi capabilities to strengthen the Bitcoin DeFi ecosystem.
  • The demand for Bitcoin-based DeFi offerings is being driven by the high yield and stablecoin products, with Bitcoin staking becoming a popular DeFi use case outside of payments.
  • Despite the increasing interest in Bitcoin DeFi protocols, the Total Value Locked (TVL) is still lower compared to Ethereum, but the rise in Bitcoin-based DeFi activity is seen as a positive indicator for BTC price growth.

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