A group of developers at TrustlessOnBTC have deployed Uniswap’s smart contracts onto the Bitcoin network to capitalize on the rise of BRC-20 tokens and develop the decentralized finance ecosystem. By shauryamalwa.
A group of developers have deployed Uniswap’s smart contracts onto the Bitcoin network to capitalize on the rise of BRC-20 tokens and develop the decentralized finance ecosystem.
“We want to make Bitcoin as generalized as possible — usable for far more than just a currency,” said @punk3700, one of the developers at Trustless Market, in a Twitter message. “We started first with Art, then AI, and DeFi is the natural next area to add.”DeFi relies on automated smart contracts to provide financial services, such as lending and borrowing, to users.
Pepe tokens on Bitcoin – different from the ones issued on Ethereum – are the third-largest BRC-20 issuance, albeit with a relatively tinier $17 million market capitalization. There’s also Bitcoin’s own shiba inu iteration at a $3.7 million capitalization – a mere smidge compared to the original SHIB on Ethereum, which boasts a $5.5 billion capitalization.
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