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BOB is bringing Bitcoin into the world of DeFi.
Explore with me👇🏻
In the early days, DeFi mostly grew on Ethereum.
Why? Because Ethereum introduced smart contracts, that allow developers to build Dapps like lending platforms, decentralized exchanges, and more. Bitcoin, while being the first and most secure cryptocurrency, wasn’t built with smart contracts in mind. So despite being the largest and most recognized digital asset, it couldn't natively participate in the growing DeFi ecosystem.
In 2018, Oct 26, wBTC was launched by BitGo, Kyber & Ren to bring BTC into Ethereum’s DeFi.
Users locked BTC and received wBTC (an ERC-20 token) to use on apps like @uniswap, @aave-tools & more.
This opened up possibilities for Bitcoin holders to lend, borrow, and trade within DeFi.
But there was a catch: trust. Users had to rely on custodians to hold their BTC, risking hacks or mismanagement. Even with proof-of-reserves, custodial risk remained. 1 reply
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✨BOB Ecosystem & Partnerships
BOB now powers 100+ projects, including:
- DeFi: Chainlink, Zapper, Veda & more
- Wallets: Xverse & more.
- Bridges: deBridge, Hyperlane, Retrobridge
- Infra & Custody: Fireblocks, ZeroDev, BlockSec & more.
It integrates with deBridge (connecting BTC to 20+ chains) and is built with Chainlink CCIP.
Its BitVM bridge testnet went live in mid-2025, with support from P2P.org, Solv, Amber Group, RockawayX & more.
Backed by a $10M seed round and OP Mainnet grants, BOB’s momentum is strong. 1 reply
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✨Metrics & Ecosystem Snapshot
BOB supports 100+ live apps:
~50% DeFi, 20% Wallets, 15% Staking, 10% Bridges, 5% Gaming/Community
TVL: ~$37–42M
BitVM testnet nodes: Active across 5 continents
✨Why BOB Matters:
Non-Custodial, Native Bitcoin
Bitcoin-Level Trust
Composability
Mass Adoption
Cross-Chain Expansion
✨ At the end of this, I will say that
BOB is the first Bitcoin-native DeFi chain that truly merges the immutability of Bitcoin with Ethereum-style smart programmability, without centralized custodians.
As BOB tackles Bitcoin’s final frontier, the full embrace of DeFi, it's not just building on Bitcoin, It's building the future of Bitcoin in DeFi.
For more info
BOB Official: gobob.xyz
CC: @scribble_dao @build_on_bob 0 reply
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