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Big Boom in Bitcoin World: Over 40 New Apps Go Live, Changing the Game!

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In a landmark move for the blockchain industry, Build on Bitcoin has officially launched its mainnet, ushering in a new era of decentralization with an impressive lineup of over 40 applications. This significant development promises to expand the capabilities and reach of Bitcoin, showcasing the potential for a wide variety of apps that leverage the security and reliability of the world’s first cryptocurrency. With this launch, developers and users alike are keenly watching how this platform will drive innovation and possibly transform the digital landscape.





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In a groundbreaking development for the cryptocurrency world, the Build on Bitcoin (BOB) project has taken a significant step forward by launching its first phase, marking a monumental moment for decentralized apps (dapps) interaction with the leading blockchain technology. This innovative project aims to bridge the gap between Bitcoin and Ethereum, two of the most prominent blockchain ecosystems, by introducing a hybrid layer-2 network designed to combine the best of both worlds.

As of its launch, the BOB mainnet has already attracted considerable attention with an impressive total value locked (TVL) of over $300 million and more than 40 dapps ready and operating on the platform. The initiative is sparking excitement across the crypto community, heralding the start of a “Bitcoin-driven DeFi summer” with promises of more developments to come in the next few weeks.

The core vision behind Build on Bitcoin is to leverage Bitcoin’s widespread adoption, liquidity, and robust proof-of-work security while integrating the decentralized finance (DeFi) functionalities of Ethereum, such as smart contracts, wallets, and access to stablecoins. This unique blend aims to offer users the best of both worlds, providing a seamless bridge between Bitcoin and Ethereum ecosystems.

Earlier this year, Bitcoin DeFi developer Sovryn expanded its offerings to the Ethereum ecosystem using the Build on Bitcoin platform. BOB is also collaborating with leading BTC bridge providers like Threshold’s tBTC and Wrapped BTC (WBTC), further enhancing the platform’s capabilities and reach.

Alexei Zamyatin, BOB co-founder, emphasized the project’s dedication to simplifying the onramp from Bitcoin to BOB, making it as straightforward as transferring liquidity from Ethereum to an Ethereum layer 2 solution. The upcoming feature aims to reduce the complexity often associated with bridge technologies, easing the process for users.

Furthermore, Build on Bitcoin is set to support Bitcoin Ordinals and Runes, focusing on integration with teams that bridge Ordinals, Runes, and BRC-20 tokens. This endeavor aligns with the project’s mission to create a one-stop solution for Bitcoin deployment into DeFi, promising an easier and more accessible path for BTC assets onto Ethereum and EVM-compatible platforms.

Despite the ambitious goals, the BOB team recognizes the current limitations of Bitcoin for DeFi applications, thus implementing a pragmatic approach by initially bootstrapping on Ethereum. This strategic decision seeks to meet the high demand from Bitcoin users for access to stablecoins and DeFi services, as well as cater to Ethereum users interested in leveraging their BTC assets.

In the longer term, BOB plans to achieve Bitcoin proof of work through merged mining, enhancing security without compromising the Bitcoin mining process. Additionally, the introduction of BitVM aims to provide a secure BTC bridge with fraud proofs, ensuring safe deposits enforced by Bitcoin nodes.

To attract more users and further increase the platform’s TVL, BOB has launched a fusion program, already seeing significant growth and engagement from the community. With the total value locked on the platform exceeding $279 million and the recent launch of BOB Season 2, the project continues to gain momentum.

Build on Bitcoin’s initiative represents a significant stride towards uniting the Bitcoin and Ethereum ecosystems, fostering an inclusive environment that encourages mass adoption and collaboration within the crypto space. As BOB continues to evolve, it sets the stage for a more interconnected and efficient blockchain landscape.

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1. What is Build on Bitcoin?

Build on Bitcoin is a platform that has launched its mainnet. It’s basically a foundation for over 40 apps designed to work with Bitcoin, giving developers the tools to create new applications.

2. How many apps were launched with the Build on Bitcoin mainnet?

Over 40 apps were ready and launched alongside the mainnet of Build on Bitcoin. These apps range in function and purpose, aiming to expand the uses and capabilities of Bitcoin.

3. Can anyone develop apps on Build on Bitcoin?

Yes, Build on Bitcoin is open for developers. If you have a project idea that leverages Bitcoin, the platform provides the necessary tools and environment to develop and deploy your app.

4. Do I have to pay to use the apps on Build on Bitcoin?

It depends on the app. Some apps may be free to use, while others might charge a fee. Each app on the Build on Bitcoin platform sets its own pricing, so it’s best to check the specific app for cost information.

5. How does Build on Bitcoin benefit the Bitcoin ecosystem?

Build on Bitcoin aims to expand the utility of Bitcoin by supporting the development of applications that can leverage its blockchain. This brings more functionality and use cases to Bitcoin, potentially increasing its value and utility to a wider audience.

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