Scan to Download Gate App
qrCode
More Download Options
Don't remind me again today

#数字货币市场调整 The issue with ORDI is actually quite clear - the UTXO model leads to on-chain data redundancy, and the order book mechanism inherently lacks liquidity. In simple terms, the Bitcoin network is not Turing complete, cannot run smart contracts, and thus cannot implement AMM and Swap; this set of DeFi mechanisms simply cannot be put into operation.



BRC2.0 aims to address this pain point. It leaves asset confirmation on the Bitcoin layer, while the execution of smart contracts is handled by EVM, driving AMM to achieve DeFi functions through sequencers. This design is equivalent to equipping BTC with an Ethereum engine—the combination of BTC + EVM, which theoretically can activate an asset pool worth 5 times more than BTC's market value, especially the 1.8 million BTC in the hands of miners; this is indeed a significant pot.

Compare the data: the market value of the Ethereum Layer 1 ecosystem is about 200 billion, while the market value of ETH itself is around 400 billion, with the ecosystem accounting for half of the native currency's market value. The core driving force of this ecosystem is Decentralized Finance. Looking at BTC, with a market value of 2 trillion, but the total market value of the ecosystem is less than 10 billion.

If the BTC ecosystem can replicate the path of Ethereum, and the Layer 1 ecosystem achieves half of the market value of its native currency, that would mean a trillion-dollar space. From 10 billion to 1 trillion, this track has at least a hundredfold growth potential. This increment of 990 billion needs to be filled by the DeFi and AMM of the BTC ecosystem.

History may repeat itself—those protocols that have operated on other chains may very well run through the BTC ecosystem again. However, the key now is consensus: more people need to understand the logic of the BTC ecosystem and participate in this narrative. Whether the market will accept it still depends on execution.
ORDI3.27%
BTC4.54%
ETH2.42%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 5
  • Repost
  • Share
Comment
0/400
StablecoinEnjoyervip
· 11-18 21:55
A hundred times the space sounds crazy, but the BTC ecosystem is really still a wasteland right now. --- The BRC2.0 set of moves does solve pain points; it just depends on whether it can really gain liquidity. --- The problem is that consensus is easy to establish, but where is the real liquidity in DeFi? That's the key. --- 1.8 million miners' BTC really needs to get involved; just counting numbers on the books is useless. --- Copying Ethereum's path? First, solidify the infrastructure; just having a theory won't get anyone to buy in. --- Going from 10 billion to 1 trillion is indeed a story, but we're still in the storytelling phase right now. --- The analysis of ORDI's problems is not wrong, but whether BRC2.0 can truly be executed is the way forward. --- Wait, does this logic treat BTC as Ethereum for transformation? It feels a bit contrary to the original intention. --- Whether the market acknowledges it or not still depends on whether there are real user scenarios, not just concepts. --- To put it nicely, it's BTC + EVM; to put it bluntly, it's just putting Ethereum's framework on top of Bitcoin. Is that reliable?
View OriginalReply0
JustHereForAirdropsvip
· 11-18 08:38
A hundred times space sounds good, but can BRC2.0 really solve the liquidity problem? It still feels like empty talk.
View OriginalReply0
NestedFoxvip
· 11-17 06:47
A hundred times the space sounds exciting, but the question is, can the BTC ecosystem really run DeFi? Execution is the key.
View OriginalReply0
ForkTroopervip
· 11-16 06:55
A hundredfold rise sounds nice, but can this BRC2.0 trap actually work? To be honest, it feels a bit uncertain.
View OriginalReply0
Blockchainiacvip
· 11-16 06:30
I can really buy into this logic... The BTC ecosystem going from 10 billion to 1 trillion is enough to make one's blood boil just thinking about it. But to be honest, whether BRC2.0 can really take off still depends on execution; no matter how beautiful the narrative, someone has to catch a falling knife. Wait a minute, if those 1.8 million Miner BTC really start to flow, will it lead to dumping... This matter is a bit precarious.
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)