專家預測，比特幣 DeFi 將與以太坊的創新相抗衡

比特幣去中心化金融 (DeFi) 正在獲得越來越多的關注，因為它將 DeFi 功能帶入了最古老的區塊鏈網路。儘管處於起步階段，BTCFi 仍有望與基於以太坊的 DeFi 創新相媲美，特別是考慮到對比特幣原生 DeFi 應用程式的高需求。比特幣第 2 層 DEX MerlinSwap 的首次 DEX 發行籌集了 4.8 億美元，反映了市場對 BTCFi 的熱情及其在 DeFi 領域釋放比特幣未開發潛力的潛力。

Bitcoin DeFi Poised to Match Ethereum's Innovation, Expert Predicts

專家預測，比特幣 DeFi 有望與以太坊的創新相媲美

The world of decentralized finance (DeFi) is on the cusp of a paradigm shift, with Bitcoin-native DeFi (BTCFi) emerging as a formidable force. According to Nash Lee, co-founder of MerlinSwap, BTCFi has the potential to rival and even surpass the innovation seen in Ethereum-based DeFi.

去中心化金融 (DeFi) 世界正處於典範轉移的風口浪尖，比特幣原生 DeFi (BTCFi) 正成為一股強大的力量。 MerlinSwap 聯合創始人 Nash Lee 表示，BTCFi 有潛力與基於以太坊的 DeFi 創新相媲美甚至超越。

"The market is hungry for scalable platforms that can handle the growing demand and expectations," Lee told Cointelegraph. "DeFi stands out as the sector with the potential to capitalize on this narrative, providing a sustainable ecosystem for Bitcoin's evolving use cases. This dynamic sets the stage for Bitcoin DeFi to potentially match, if not exceed, the innovation and sophistication present in Ethereum's DeFi ecosystem."

「市場渴望可擴展的平台來滿足不斷增長的需求和期望，」Lee 告訴 Cointelegraph。 「DeFi 作為有潛力利用這一敘事的行業脫穎而出，為比特幣不斷發展的用例提供了一個可持續的生態系統。這種動態為比特幣DeFi 奠定了基礎，有可能與以太坊DeFi 的創新和複雜性相媲美，甚至超越。生態系統。”

Surging Demand for Bitcoin-Native DeFi

比特幣原生 DeFi 需求激增

The demand for Bitcoin-native DeFi applications is evident in the explosive growth of decentralized exchanges (DEXs) like MerlinSwap. MerlinSwap's initial DEX offering (IDO) on April 5 raised a staggering 6,599 Bitcoin (BTC), worth approximately $480 million, with over 52,000 participants.

MerlinSwap 等去中心化交易所 (DEX) 的爆炸性增長體現了對比特幣原生 DeFi 應用程式的需求。 MerlinSwap 於 4 月 5 日首次 DEX 發行（IDO）籌集了驚人的 6,599 比特幣（BTC），價值約 4.8 億美元，參與者超過 52,000 名。

"The successful IDO is a testament to the market's appetite and confidence in Bitcoin-native DeFi applications," Lee said. "It signals the community's enthusiasm for engaging with and driving the DeFi revolution on Bitcoin's network. It underscores a significant shift towards recognizing Bitcoin's untapped potential in the DeFi space, highlighting a broad-based and substantial demand for innovative, decentralized financial solutions built on the world's first cryptocurrency."

Lee 表示：“IDO 的成功證明了市場對比特幣原生 DeFi 應用的興趣和信心。” 「它標誌著社群對參與和推動比特幣網路上的DeFi 革命的熱情。它強調了認識到比特幣在DeFi 領域尚未開發的潛力的重大轉變，突顯了對基於DeFi 的創新、去中心化金融解決方案的廣泛而巨大的需求。世界上第一個加密貨幣。”

MerlinSwap's Layer-2 Success

MerlinSwap 的 Layer-2 成功

MerlinSwap operates on the Bitcoin layer-2 network Merlin Chain. On April 4, it surpassed $100 million in total value locked (TVL), demonstrating the growing adoption of Bitcoin-native DeFi solutions.

MerlinSwap 在比特幣第 2 層網路 Merlin Chain 上運行。 4 月 4 日，總鎖定價值 (TVL) 超過 1 億美元，這表明比特幣原生 DeFi 解決方案的採用率不斷上升。

Bitcoin Ordinals: A New Era of BTCFi

比特幣序數：BTCFi 新時代

The introduction of the BRC-20 token standard has paved the way for Bitcoin-native non-fungible tokens (NFTs), known as Ordinals, to be minted on the Bitcoin blockchain for the first time. Ordinals are inscribed directly onto satoshis (sats), giving them a permanent home on the Bitcoin network, unlike most NFT collections where artwork and metadata are stored on centralized servers, creating potential vulnerabilities.

BRC-20 代幣標準的推出為首次在比特幣區塊鏈上鑄造比特幣原生的不可替代代幣（NFT）（稱為 Ordinals）鋪平了道路。序號直接刻在satoshis (sat) 上，使它們在比特幣網路上擁有永久的家，這與大多數NFT 收藏不同，在大多數NFT 收藏中，藝術品和元資料儲存在集中式伺服器上，從而產生了潛在的漏洞。

The fascination with Bitcoin-native NFTs is evident in the community's rapid adoption, with over 64.1 million Ordinal inscriptions created in less than a year and a half since the first Ordinal was inscribed in December 2022, according to Dune Analytics.

根據 Dune Analytics 的數據，自 2022 年 12 月第一個 Ordinal 被銘刻以來，在不到一年半的時間裡，已經創建了超過 6,410 萬個 Ordinal 銘文。

"Ordinals are a fascinating development in the Bitcoin ecosystem," Lee said. "They demonstrate the potential for Bitcoin to support a wide range of digital assets and applications, enhancing its utility beyond that of a store of value."

「序數是比特幣生態系統中一個令人著迷的發展，」李說。 “它們展示了比特幣支持廣泛的數位資產和應用程式的潛力，增強了其實用性，超越了價值儲存的功能。”

Layer-2s Unlocking New Bitcoin Use Cases

Layer-2 解鎖新的比特幣用例

Beyond Ordinals, the emergence of Bitcoin layer-2 solutions is another crucial aspect of BTCFi, which could ultimately open up new use cases for Bitcoin. "Prior to the advent of layer-2 solutions, Bitcoin-native assets lacked practical applications, confining BTC's role primarily to that of digital gold," Lee said. "The emergence of Bitcoin layer-2 protocols has been a game-changer, unlocking a vast array of utilities for BTC assets."

除了 Ordinals 之外，比特幣第 2 層解決方案的出現是 BTCFi 的另一個重要方面，它最終可能為比特幣開闢新的用例。 Lee 表示：“在第二層解決方案出現之前，比特幣原生資產缺乏實際應用，這使得 BTC 的作用主要局限於數位黃金。” “比特幣第 2 層協議的出現改變了遊戲規則，為 BTC 資產解鎖了大量實用程式。”

Lee believes that the maturation of Bitcoin layer-2s, coupled with the growing adoption of Bitcoin-native DeFi applications and Ordinals, has created a fertile ground for BTCFi to flourish. "The convergence of these factors is creating a vibrant ecosystem where Bitcoin can truly fulfill its potential as a platform for innovation and financial empowerment," he said.

Lee 認為，比特幣第 2 層的成熟，加上比特幣原生 DeFi 應用程式和 Ordinals 的日益普及，為 BTCFi 的蓬勃發展創造了肥沃的土壤。 「這些因素的融合正在創造一個充滿活力的生態系統，比特幣可以真正發揮其作為創新和金融賦權平台的潛力，」他說。

BTCFi Poised for Exponential Growth

BTCFi 可望呈指數級增長

Based on the current trajectory, BTCFi is poised for exponential growth in the coming years. "The market is ripe for disruption, and BTCFi is well-positioned to lead the charge," Lee said. "Bitcoin's established network, strong brand recognition, and growing community of developers and users provide BTCFi with a solid foundation for success. As the ecosystem continues to evolve, we can expect to see even more innovative and groundbreaking applications emerge, further cementing BTCFi as a major force in the DeFi landscape."

根據目前的發展軌跡，BTCFi 預計在未來幾年將呈指數級增長。 Lee 表示：“市場顛覆的時機已經成熟，而 BTCFi 完全有能力引領這一潮流。” 「比特幣成熟的網路、強大的品牌知名度以及不斷增長的開發者和用戶社群為BTCFi 的成功奠定了堅實的基礎。隨著生態系統的不斷發展，我們預計會看到更多創新和突破性的應用程式出現，進一步鞏固BTCFi 作為DeFi 領域的主要力量。”

Conclusion

結論

The emergence of BTCFi marks a pivotal moment in the history of decentralized finance. With its potential to match and even surpass the innovation of Ethereum-based DeFi, BTCFi is poised to revolutionize the way Bitcoin is used and perceived. As the ecosystem continues to grow and mature, BTCFi has the potential to unlock a new era of financial freedom and empowerment for individuals and communities worldwide.

BTCFi的出現標誌著去中心化金融史上的關鍵時刻。 BTCFi 具有媲美甚至超越以太坊的 DeFi 創新的潛力，有望徹底改變比特幣的使用和感知方式。隨著生態系統的不斷發展和成熟，BTCFi 有潛力為全球個人和社區開啟財務自由和賦權的新時代。