比特幣Defi是今年的熱門話題，其轉型已經在進行中

去年年底，比特幣的歷史最高點是100,000美元，這是一個發燒的夢想。這是一場史詩般的公牛奔跑的高峰

The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial.

這裡表達的觀點和觀點僅屬於作者，不代表Crypto.news的社論的觀點和觀點。

Bitcoin’s all-time high of $100,000 at the end of last year was a fever dream. It was the peak of an epic bull run that was long-awaited, and since then, the US has considered a Bitcoin (BTC) federal reserve, and even pension funds are dabbling in the crypto space.

去年年底，比特幣的歷史最高點是100,000美元，這是一個發燒的夢想。這是期待已久的史詩般的公牛跑步的高峰，從那以後，美國考慮了比特幣（BTC）美聯儲，甚至養老基金也在加密貨幣領域涉足。

Whilst this is good for Bitcoin as an asset, it highlights an urgent need for Bitcoin to do and be more for the growing world of people turning their attention to the chain.

儘管這對比特幣作為一種資產是有益的，但它突顯了比特幣要做的迫切需要，而對於不斷增長的人們將注意力轉移到鏈條上的世界中，它更多。

Last year was a year of Bitcoin possibility—an exploration of the routes to achieving DeFi built on Bitcoin, and Trump’s choice to use WBTC for the reserve reaffirmed what we’re all thinking about Bitcoin. It’s a fantastic store of value, but when it comes to utility, Ethereum (ETH) still has the upper hand, and with more eyes on the chain than ever, Bitcoin has some catching up to do.

去年是比特幣的一年可能性 - 探索實現基於比特幣的Defi的路線，而特朗普選擇使用WBTC作為儲備金的選擇重申了我們所有人對比特幣的看法。這是一個很棒的價值存儲，但是當涉及到實用程序時，以太坊（ETH）仍然具有上風，並且在鏈條上的眼睛比以往任何時候都多，比特幣有些趕上了。

The current space is not void of developers, 2024 saw positive progress in Bitcoin DeFi development, which has included major headway in native solutions that would give users the ability to lend, take part in yield farming, and other DeFi services that we are currently missing on Bitcoin. These ‘native’ solutions built directly on Bitcoin blockchain offer unique advantages in terms of security and decentralization.

當前的空間並非沒有開發人員，2024年在比特幣Defi開發方面取得了積極進展，該開發包括本機解決方案的主要進展，這些方案將使用戶能夠借出貸款，參與產量養殖以及我們目前缺少的其他Defi服務在比特幣上。這些直接基於比特幣區塊鏈建立的“本機”解決方案在安全性和權力下放方面具有獨特的優勢。

So there’s no doubt that DeFi on Bitcoin is not just a possibility—it’s a reality. But, for Bitcoin to truly evolve, the action must shift from theory to building accessible and easy-to-understand projects that offer tools and DeFi functionalities for a broader audience. The key is not about the possibility of Bitcoin DeFi, but the simplicity with which we can build an environment that prioritizes the user experience and consequently accelerates its adoption.

因此，毫無疑問，對比特幣的Defi不僅是一種可能性，而且是現實。但是，要使比特幣真正發展，該動作必須從理論轉變為構建可訪問且易於理解的項目，這些項目為廣泛的受眾提供工具和偏見功能。關鍵不是關於比特幣defi的可能性，而是我們可以構建優先級用戶體驗並因此加速其採用的環境的簡單性。

Others have done it—how can Bitcoin?

其他人已經做到了 - 比特幣怎麼樣？

We know Ethereum was designed to support a wide range of DeFi functionalities via smart contracts: Ethereum Virtual Machine, which enables complex logic; layer-2 solutions, which enhance scalability; and its fixable programming, which allows for customizable applications. Ethereum was built so users can lend and borrow assets, trade on decentralized exchanges like Unisawp or SushiSwap, engage in yield farming, and more.

我們知道以太坊旨在通過智能合約來支持廣泛的Defi功能：以太坊虛擬機，可實現複雜的邏輯；第2層解決方案，可增強可伸縮性；及其可修復的編程，允許可自定義的應用程序。以太坊的建造是為了使用戶可以藉入和借入資產，以分散的交易所（例如Unisawp或sushiswap）進行交易，從事產量養殖等。

Bitcoin’s strength lies in its secure store of value—but unfortunately for many, that’s where it ends. Bitcoin, many still perceive, has stark limitations for users when it comes to scaling up and doing more with the asset. Ethereum, on the other hand, has drawn millions of users by offering a healthy and bustling ecosystem of DeFi protocols. To maintain this relevance and attract the next generation of crypto users, Bitcoin must move beyond being a mere passive store of value. It needs to provide users the same opportunities that chains like Ethereum do.

比特幣的實力在於其安全的價值存儲，但不幸的是，對於許多人來說，這就是它的結局。比特幣（許多仍然可以感知到的比特幣）在擴大資產和做更多的資產方面對用戶有明顯的限制。另一方面，以太坊通過提供健康繁華的DEFI協議生態系統吸引了數百萬用戶。為了保持這種相關性並吸引下一代加密用戶，比特幣必須超越僅僅是一個被動的價值存儲。它需要為用戶提供與以太坊這樣的連鎖店的機會。

The developer community is well aware of this, which is why we have seen a wave of new projects and innovations increasing utility to the Bitcoin ecosystem. Layer-2s and rollups, for example, projects like BOB are bringing the power of Ethereum’s DeFi tools to Bitcoin by bridging to an EVM, protocols like Babylon are enabling Bitcoin staking with onchain yields, and Mazo’s full-featured platforms for Bitcoin, allowing for faster transactions and more complex smart contracts. Additionally, new protocols are emerging that are enabling a whole new way of building functionality directly on Bitcoin’s layer-1, using inscriptions and ordinals. Together, these projects are expanding the use-cases of Bitcoin.

開發人員社區非常了解這一點，這就是為什麼我們看到了一波新項目和創新，將實用性增加了比特幣生態系統的原因。例如，鮑勃（Bob）這樣的第2層和匯總正在通過橋接到EVM來將以太坊Defi工具的力量帶到比特幣中，Babylon之類的協議正在使比特幣具有OnChain Harts的佔有，而Mazo的完整平台可用於比特幣，允許比特幣進行比特幣的平台。更快的交易和更複雜的智能合約。此外，新的協議正在出現，可以使用銘文和序數直接在比特幣的第1層上構建功能的全新方法。這些項目一起擴大了比特幣的用例。

Equally as important, as Bitcoin’s DeFi capabilities expand, its unparalleled liquidity becomes even more relevant. Unlike other ecosystems, Bitcoin offers the largest liquidity with inherent stability.

同樣重要的是，隨著比特幣的Defi功能的擴展，其無與倫比的流動性變得更加相關。與其他生態系統不同，比特幣提供了最大的流動性，具有固有的穩定性。

Bitcoin’s liquidity significance

比特幣的流動性意義

While Ethereum currently dominates the DeFi narrative with its rich ecosystem of dApps and developers, Bitcoin holds a uniquely powerful advantage: its liquidity. Despite its relatively limited DeFi functionality, Bitcoin’s market capitalization is over $2 trillion as of January 2025. Bitcoin’s liquidity pool isn’t just large; it’s uniquely stable and trusted.

儘管以太坊目前憑藉其豐富的DAPP和開發人員生態系統統治著Defi敘事，但比特幣具有獨特的強大優勢：其流動性。儘管比特幣的市值相對有限，但截至2025年1月，比特幣的市值超過2萬億美元。比特幣的流動性池不僅僅是大。它是獨特的穩定和值得信賴的。

Liquidity is the ultimate lifeblood of any financial ecosystem, and in DeFi, it plays a critical role. Liquidity pools and automated market makers enable users to trade assets directly on the blockchain without intermediaries. By contributing their crypto assets to these pools, users earn rewards from transaction fees while supporting the overall health of the system.

流動性是任何金融生態系統的最終命脈，在Defi中，它起著至關重要的作用。流動性池和自動化的做市商使用戶可以直接在沒有中介機構的區塊鏈上進行交易。通過將其加密資產捐贈給這些池，用戶可以從交易費用中獲得獎勵，同時支持系統的整體健康狀況。

This is where Bitcoin’s vast liquidity becomes a game-changer. It enables users to engage with Bitcoin DeFi while benefiting from more stable prices, reduced risks, and simpler interactions. By eliminating the need to worry about liquidity, Bitcoin creates an ecosystem that is more accessible and reliable for everyone. This unmatched liquidity is Bitcoin’s core competitive advantage—one that many other blockchains cannot replicate. The potential to combine Bitcoin’s unparalleled liquidity with new technological innovation is what will make the next evolution of Bitcoin so significant.

這是比特幣的巨大流動性變成改變遊戲規則的地方。它使用戶能夠與比特幣Defi互動，同時受益於更穩定的價格，降低的風險和更簡單的互動。通過消除需要擔心流動性的需求，比特幣創建了一個對每個人都更容易訪問和可靠的生態系統。這種無與倫比的流動性是比特幣的核心競爭優勢，這是許多其他區塊鏈無法複製的。將比特幣無與倫比的流動性與新技術創新相結合的潛力將使比特幣的下一個發展變得如此重要。

Simplifying Bitcoin DeFi for mainstream adoption

簡化主流採用的比特幣偏差