The first decentralized financial company (DEFI) that launches a suite that is easy to use in Bitcoin products is to “win the entire market” of 300 million blockchain users, says a crypto founder.
Alexei Zamyatin, the co-founder of Bitcoin Layer 2 built in Bitcoin, told Cointelegraph in token2049 in Dubai that “the advantage of bitcoin defi is that the market is bigger, you have a larger towel base you can tap.”
“It’s not easy to convert it, but if you manage to win the Bitcoin Defi, you win the whole market.”
Zamyatin said 300 million bitcoin users This means that the Defi services in the blockchain will “get rid of everything we have seen to this day in Ethereum and Solana.”
Build on Bitcoin is one of the companies looking to win market sharing, which offers a hybrid layer 2 solution that combines bitcoin security with Ethereum Defi capabilities by Bitvm, A platform processing Turning-complete Bitcoin contracts.
Zamyatin argues that Bitcoin native bridges are required for Defi in Bitcoin because of the strong security of blockchain, but it lacks human talent, Ethereum network tools and impacts.
Zamyatin said Bitcoin (Btc) Produce and stablecoin products drive strong demand for the Bitcoin-based defi.
“Many institutions that buy Bitcoin today usually need to find yields on the properties they hold. So Bitcoin’s yield is becoming a hot and highly sought after.”
The demand for Bitcoin supported by stablecoins also skyrocketing because Bitcoin is the “best collateral,” Zamyatin added.
What if we can see Bitcoin ETF so that institutions can gain access to defi produce? pic.twitter.com/2hcpwbczds
– Alexei (@alexeizamyatin) April 10, 2025
Bitcoin staking has become the main case of using Defi out of payments, which involves bitcoin holders who have locked their coins in self-customial vaults or acquired one-time signatures to earn staking rewards in proof-of-stake blockchain such as Ethereum.
The Babylon Protocol is currently leading this market with $ 4.64 billion worth of amount locked, representing about 80% of all amounts locked in Bitcoin, Defillama Data Shut up.
Bitcoin’s Defi TVL is still a part of $ 54.6 billion worth of amount locked in Ethereum.
BRIDGING SOLUTIONS A controversial subject
Zamyatin identified many hacks on Blockchain bridges, but have been argued by most incidents resulting from teams failure to manage their private keys, than from from The weaknesses in the Smart contract.
While the retail market competition is wide open, Zamyatin noted that many institutions are hesitant to use bridges, allowing users to move the value between incompatible blockchains.
Related: The bitcoin nfts, layer-2 and restaking hype ‘fully gone
Efforts were made to increase the number of bridge signers from five to 50 in some cases, Zamyatin said.
However, institutions are reluctant to adopt these solutions as they often do not know who signed the transactions.
For example, Ren Protocol’s RenBTC operates through a decentralized network of nodes called darknodes, which signed transactions to lock BTC and Mint RenBTC to be used in other chains.
However, institutions continue to avoid these protocols due to the anonymous level involved and instead choose to use trusted carers such as BitGo and Coinbase Custody for such activities.
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Ezra reguerra’s additional report.
