Opinion
As Ethereum’s DeFi ecosystem falters and Solana succumbs to speculation, Bitcoin quickly becomes the unlikely hero of decentralized finance.
The author is an independent contributor writing an opinion or expert take. Views expressed are the author’s own and may not reflect Cointelegraph’s editorial position. Matt Mudano is the co-founder of Arch, which is unlocking DeFi with smart contracts on the Bitcoin L1. The entrepreneur began his blockchain journey while mining Bitcoin from his college dorm in 2012 and has had multiple successful exits in the consumer products and technology sectors. Now, he is building the infrastructure to support fast, liquid and composable Bitcoin apps, including DEXs, Perps, and more.
As Ethereum’s DeFi ecosystem falters and Solana succumbs to speculation, Bitcoin quickly becomes the unlikely hero of decentralized finance.