22 hours ago
Decentralized finance (DeFi) connected the Bitcoin blockchain whitethorn inactive beryllium successful its infancy comparative to Ethereum, but Bitcoin DeFi (BTCFi) is becoming safer and cheaper, crypto analytics steadfast Messari said successful a caller report.
A cardinal subordinate is Rootstock, 1 of the oldest Bitcoin layer-2 projects, crypto analytics steadfast Messari said successful its "State of Rootstock" report, published connected Thursday.
Rootstock is present secured by 81% of Bitcoin's full hashrate, meaning miners that relationship for magnitude the hashrate are besides approving transactions connected the furniture 2. The fig was conscionable 56% earlier the the onboarding of Foundry and Spiderpool, the world's largest and sixth-largest mining pools, respectively, successful February.
Messari besides observed that transaction fees connected Rootstock are 95% cheaper than the mean Bitcoin transaction and 55% cheaper than those connected Ethereum.
Rootstock is 1 of galore projects looking to bring greater inferior to Bitcoin done expanding the proviso for DeFi with astute contracts, enabled by "BitVMX", a modified mentation of the BitVM programming language. Other salient Bitcoin layer-2 projects see Stacks and BOB ("Build connected Bitcoin").
The task has besides connected with bridging protocol LayerZero to alteration Rootstock-native applications to link with dozens of different blockchains, including Ethereum and Solana. Its momentum sets the signifier for increasing adoption of BTCFi done the remainder of 2025, according to Messari.
“As BTCFi continues to grow, Rootstock is well-positioned for broader adoption done halfway upgrades similar a 60% simplification successful transaction fees, alongside sustained concern successful builder acquisition and inducement programs," Messari expert Andrew Yang said.
Read More: Bitcoin's Role successful DeFi Is 'Untapped Opportunity,' Binance Research Says
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