比特币Defi是今年的热门话题，其转型已经在进行中

去年年底，比特币的历史最高点是100,000美元，这是一个发烧的梦想。这是一场史诗般的公牛奔跑的高峰

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这里表达的观点和观点仅属于作者，不代表Crypto.news的社论的观点和观点。

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，比特币的历史最高点是100,000美元，这是一个发烧的梦想。这是期待已久的史诗般的公牛跑步的高峰，从那以后，美国考虑了比特币（BTC）美联储，甚至养老基金也在加密货币领域涉足。

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.

尽管这对比特币作为一种资产是有益的，但它突显了比特币要做的迫切需要，而对于不断增长的人们将注意力转移到链条上的世界中，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.

去年是比特币的一年可能性 - 探索实现基于比特币的Defi的路线，而特朗普选择使用WBTC作为储备金的选择重申了我们所有人对比特币的看法。这是一个很棒的价值存储，但是当涉及到实用程序时，以太坊（ETH）仍然具有上风，并且在链条上的眼睛比以往任何时候都多，比特币有些赶上了。

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.

当前的空间并非没有开发人员，2024年在比特币Defi开发方面取得了积极进展，该开发包括本机解决方案的主要进展，这些方案将使用户能够借出贷款，参与产量养殖以及我们目前缺少的其他Defi服务在比特币上。这些直接基于比特币区块链建立的“本机”解决方案在安全性和权力下放方面具有独特的优势。

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，毫无疑问，对比特币的Defi不仅是一种可能性，而且是现实。但是，要使比特币真正发展，该动作必须从理论转变为构建可访问且易于理解的项目，这些项目为广泛的受众提供工具和偏见功能。关键不是关于比特币defi的可能性，而是我们可以构建优先级用户体验并因此加速其采用的环境的简单性。

Others have done it—how can Bitcoin?

其他人已经做到了 - 比特币怎么样？

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.

我们知道以太坊旨在通过智能合约来支持广泛的Defi功能：以太坊虚拟机，可实现复杂的逻辑；第2层解决方案，可增强可伸缩性；及其可修复的编程，允许可自定义的应用程序。以太坊的建造是为了使用户可以借入和借入资产，以分散的交易所（例如Unisawp或sushiswap）进行交易，从事产量养殖等。

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.

比特币的实力在于其安全的价值存储，但不幸的是，对于许多人来说，这就是它的结局。比特币（许多仍然可以感知到的比特币）在扩大资产和做更多的资产方面对用户有明显的限制。另一方面，以太坊通过提供健康繁华的DEFI协议生态系统吸引了数百万用户。为了保持这种相关性并吸引下一代加密用户，比特币必须超越仅仅是一个被动的价值存储。它需要为用户提供与以太坊这样的连锁店的机会。

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.

开发人员社区非常了解这一点，这就是为什么我们看到了一波新项目和创新，将实用性增加了比特币生态系统的原因。例如，鲍勃（Bob）这样的第2层和汇总正在通过桥接到EVM来将以太坊Defi工具的力量带到比特币中，Babylon之类的协议正在使比特币具有OnChain Harts的占有，而Mazo的完整平台可用于比特币，允许比特币进行比特币的平台。更快的交易和更复杂的智能合约。此外，新的协议正在出现，可以使用铭文和序数直接在比特币的第1层上构建功能的全新方法。这些项目一起扩大了比特币的用例。

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.

同样重要的是，随着比特币的Defi功能扩展，其无与伦比的流动性变得更加相关。与其他生态系统不同，比特币提供了最大的流动性，具有固有的稳定性。

Bitcoin’s liquidity significance

比特币的流动性意义

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.

尽管以太坊目前凭借其丰富的DAPP和开发人员生态系统统治着Defi叙事，但比特币具有独特的强大优势：其流动性。尽管比特币的市值相对有限，但截至2025年1月，比特币的市值超过2万亿美元。比特币的流动性池不仅仅是大。它是独特的稳定和值得信赖的。

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.

流动性是任何金融生态系统的最终命脉，在Defi中，它起着至关重要的作用。流动性池和自动化的做市商使用户可以直接在没有中介机构的区块链上进行交易。通过将其加密资产捐赠给这些池，用户可以从交易费用中获得奖励，同时支持系统的整体健康状况。

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.

这是比特币的巨大流动性变成改变游戏规则的地方。它使用户能够与比特币Defi互动，同时受益于更稳定的价格，降低的风险和更简单的互动。通过消除需要担心流动性的需求，比特币创建了一个对每个人都更容易访问和可靠的生态系统。这种无与伦比的流动性是比特币的核心竞争优势，这是许多其他区块链无法复制的。将比特币无与伦比的流动性与新技术创新相结合的潜力将使比特币的下一个发展变得如此重要。

Simplifying Bitcoin DeFi for mainstream adoption

简化主流采用的比特币偏差