Bitcoin is DeFi’s future – Blockworks

Ethereum has long held the title of premium layer-1 for decentralized finance (DeFi). It’s been the blockchain of choice for smart contract developers of all varieties.

Despite Ethereum’s issues with network congestion, security vulnerabilities and the merge to proof-of-stake (PoS), other alternative layer-1s like Solana, Algorand and Tron were unable to overcome Ethereum’s DeFi dominance.

However, with continued regulatory enforcements in the US this year changing traditional crypto users’ perspective on the industry, projects are seeking a destination to build upon that might provide more longevity as well as the trustless, secure and decentralized benefits they’ve come to…

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