Decentralized finance (Defi) in the Bitcoin block chain can still be in their childhood in relation to Ethereum, but Bitcoin Defi (BTCFI) is becoming safer and more cheaper, said the Missari cryptographic analysis firm in a new report.
A central participant is the portion portion, one of the oldest projects of Bitcoin Layer-2, the Messari cryptographic analysis firm in its “PortaStock State” report, published on Thursday.
81% of Bitcoin’s total hashrate is secured, which means that the miners who explain the amount that the hashrate is also approving transactions in layer 2. The figure was only 56% before the incorporation of the foundry and spider, the largest mining pools in the world, respectively, respectively, in February.
Messari also observed that transaction rates on the portion are 95% cheaper than Bitcoin’s average transaction and 55% cheaper than Ethereum.
Rootstock is one of the numerous projects that seek to provide greater use to Bitcoin by expanding the provision of defi with intelligent contracts, enabled by “Bitvmx”, a modified version of the Bitvm programming language. Other prominent projects of Bitcoin layer include batteries and bob (“Build on Bitcoin”).
The project has also been connected with the protocol layer bridge to allow Native Portock applications to connect with dozens of other block chains, including Ethereum and Solana. His impulse prepares the stage for the growing adoption of BTCFI in the rest of 2025, according to Messari.
“As BTCFI continues to grow, the portal is well positioned for broader adoption through basic improvements such as a 60% reduction in transaction rates, along with a sustained investment in builder education and incentives,” said Messari Andrew Yang analyst.
Read more: Bitcoin’s role in Defi is ‘uncovered Opportunity,’ says Binance Research
