The first decentralized finance (DeFi) company to launch a user-friendly suite of products on Bitcoin will “win the entire market” of the blockchain’s 300 million users, one crypto founder says.
Alexei Zamyatin, the co-founder of the Bitcoin layer 2 Build on Bitcoin, told Cointelegraph at TOKEN2049 in Dubai that “the advantage of Bitcoin DeFi is that the market is much bigger, you have a much bigger retail user base that you can tap into.”
“It’s not easy to convert it, but if you manage to win in Bitcoin DeFi, you win the entire market.”
Zamyatin said the 300 million Bitcoin users would mean DeFi services on the blockchain would “outgrow everything we’ve seen so far in Ethereum and Solana.”
Build on Bitcoin is one of the firms looking to win market share, offering a hybrid layer 2 solution that combines Bitcoin’s security with Ethereum DeFi capabilities via BitVM, a