Bitcoin defi is a “sleeping giant”

In an interview with Coindesk Media published on September 9, 2025, Charles Hoskinson revealed his thoughts on Bitcoin’s decentralized finances. For the founders of Cardano Network, Bitcoin Defi is “Sleeping Giant.” Awakening that occurs within three to five years means a concentration of total block values ​​(TVL) of hundreds of millions of dollars.

According to Hushinson, Bitcoin Defi is greater than Ethereum’s market capitalization, with more liquidity in companies like Sovereign Funds and BlackRock, and is involved in network chain finance.

Plus, you think there’s no There is no reason to use Ethereum, the direct competitor of the Cardano network, on the occasion of Scalar Bitcoinand consider this or L2 to be responsible for the propellers of the defi ecosystem of mother cryptocurrency as a stack.

As reported by Cryptonotics, this is not the first time Charles Hoskinson has spoken about Bitcoin’s decentralized finances. The first obstacle to growthAccording to IOHK’s CEO, Bitcoin’s Defi is that there is no executive body in the ecosystem that can promote these ideas.

But overcoming those obstacles, Bitcoin is like “discovering North America like virgin territory” for its decentralized finances.

This happens in the context where Solana, Ethereum, Aptos and Sui are fighting for the same limited territory considering developers. These applications will reach limits inherent to current adoption. In this respect, the limitation that Bitcoin can easily surpass its advantage in this respect.

For Charles Hoskinson, the essential questions about Bitcoin defi are: How to create a stablecoin with Bitcoin? How to integrate distributed exchanges over a network? What technologies do you need to achieve Bitcoin’s decentralized finances? Answer this question, He is moving forward with Taproot and Bitvm being two technologies that will help them achieve that.

There is another obstacle to overcome. Building a user experience that matches your Bitcoin maximum preferences. Hoskinson believes there are three rules to achieve that. Bitcoin infrastructure-based security, Bitcoin and Plus Barrier payments were paid in Bitcoin.

Despite what the founder of Cardano has said, there are several defi solutions to Bitcoin via side layers (side chains), L2, and more, including rootstocks, stacks, and botanics. However, these solutions have collapsed, and businessmen believe projects like Cardano and Midnight could respond to this collapse.