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Bitcoin 
$56,731.10 ecosystem’s total locked value (TVL) for decentralized finance (DeFi) applications could surpass Ethereum in the next two years. According to a statement by a Core DAO contributor, Bitcoin-based DeFi applications are rapidly increasing and have the potential to overtake Ethereum in terms of TVL.
Rise of Bitcoin DeFi Applications
Recently developed DeFi projects on the Bitcoin network are witnessing intriguing developments. These projects leverage Bitcoin’s secure and decentralized structure to offer users new opportunities. Particularly, the integration of smart contract platforms with Bitcoin is creating new opportunities for developers.
Competition with Ethereum
Ethereum has been the leader in DeFi applications for many years. However, high transaction fees and scalability issues are driving users to alternative platforms. The innovations offered by Bitcoin in this area are attracting user interest, leading to a significant expected increase in TVL.
Core DAO’s Views
A Core DAO contributor said the following about Bitcoin’s growth in the DeFi space:
Bitcoin’s security and decentralization provide a significant advantage for DeFi projects. We could surpass Ethereum in the next two years.
This view offers important insights into Bitcoin’s current and future potential. Bitcoin’s evolving technical features could accelerate its development in the decentralized finance sector.
Different sources offer various opinions on this matter. Several analysts highlight the technological advancements supporting Bitcoin’s rise in the DeFi space. However, other opinions suggest that Ethereum may retain its current advantages and that competition will intensify. Bitcoin’s success in this area will depend on user and developer adoption.
