Bitcoin DeFi Will Fully Grow in This Cycle–BOB Co-Founder

# Bitcoin DeFi in Early Stages, Poised for Explosive Growth This Cycle “Bitcoin DeFi is still in its nascent stages, but it could see explosive growth within this cycle,” said Alexei Zamyatin, co-founder of BOB, during the ‘Bullish on Bitcoin’ podcast at the ETHDenver event. Zamyatin discussed the current state and potential of Bitcoin Layer 2 and the DeFi ecosystem. “We are just now creating the technical foundation to build a substantive DeFi ecosystem on Bitcoin,” Zamyatin stated. “Technologies like BitVM, Zero-Knowledge (ZK) Rollups, and OP Stack are key to expanding Bitcoin's reach.” # ETFs Are Just the Beginning; Real Value Lies in Utilization While Zamyatin acknowledged that the approval of Bitcoin ETFs has improved market accessibility, he pointed out, “Holding or using Bitcoin through banks doesn't align with Bitcoin’s essence.” “ETFs can introduce Bitcoin to a wider audience, but ultimately, what we want is a structure where anyone can control and use their assets independently. That’s why we must focus on ‘Bitcoin DeFi.’” # The Core of Bitcoin DeFi is Practicality Zamyatin criticized the Bitcoin ecosystem's long-standing idealism, stressing the importance of creating a practical environment for users and developers in the Bitcoin DeFi space. “Lightning Network has seen significant resources invested, but real-world usage has not met expectations. In contrast, the Ethereum ecosystem quickly gained users through various DeFi protocols. Knowing where the users are is more important than the technology itself.” “BOB operates on a hybrid model connecting Ethereum and Bitcoin,” Zamyatin explained. “Technically based on Bitcoin, but offering Ethereum compatibility to ensure DeFi developers can use it without inconvenience.” # Bitcoin DeFi to Lead the Next Cycle For Bitcoin DeFi to grow substantially, Zamyatin identified several prerequisites: establishing a technical base, attracting developers, activating the dApp ecosystem, and securing liquidity. “Centralized solutions like WBTC have demonstrated initial demand. Now, decentralized solutions must take their place,” he said. “BOB is quickly preparing for mainnet launch to prove actual usability.” “Bitcoin is more than a mere asset; it's a vast network. When practical economic activities become possible on it, the true bull market will arrive,” Zamyatin concluded. “Bitcoin DeFi will be the core narrative of the next cycle.”