Cardano News: Bitcoin DeFi Ecosystem Now Live – Hoskinson Hails a New Era
The post Cardano News: Bitcoin DeFi Ecosystem Now Live – Hoskinson Hails a New Era appeared on BitcoinEthereumNews.com.
Cardano founder Charles is setting his sights on a future where DeFi expands beyond ETH and SOL, reaching deep into the Bitcoin and XRP ecosystems. According to him, this convergence could unlock a billion-dollar opportunity, and ADA could be the bridge that connects them all. Speaking at Consensus 2025 in Toronto, Cardano’s (ADA) founder, Charles Hoskinson, delivered a keynote that captured the attention of developers and investors. But it was during a follow-up interview with Bitcoin.com’s Frederick Munanwa that he laid out his vision for where DeFi is headed. “It’s going to be Bitcoin DeFi, and it’s going to be real-world assets. Those are the two things that are just going to be huge,” Hoskinson said, describing the next frontier of blockchain innovation. He said that Bitcoin DeFi, in particular, is a sleeping giant, one that could surpass even Ethereum (ETH) and Solana (SOL) in terms of impact. Currently, data from DeFiLlama shows Bitcoin DeFi holding around $6.6 billion in total value locked (TVL). That’s still behind Solana at $9.35 billion and Ethereum, which dominates with $63.93 billion in TVL. Still, Hoskinson believes these numbers can change. Hoskinson explained that upgrades like Bitcoin’s Taproot are unlocking new capabilities, paving the way for smart contracts and scalable DeFi. But to fully realize that potential, Bitcoin needs companion networks. That’s where Cardano comes in. “You need companion compute layers like Stacks or Cardano… to run all those transactions that are secured by Bitcoin,” he said. “Cardano is moving aggressively into that space, and because of our design, we have built-in advantages there.” He pointed to the architectural similarities between Cardano and Bitcoin as a key advantage. Both use the Unspent Transaction Output (UTXO) model, unlike Ethereum’s account-based system, allowing for more efficient, parallel transaction processing. “Their UTXO, we’re UTXO,” Hoskinson explained. “The…
