BOB Mainnet Fuses Bitcoin & Ethereum, Unlocks $285M in DeFi TVL

May 3, 2024
BOB Mainnet Fuses Bitcoin & Ethereum, Unlocks $285M in DeFi TVL
  • The Build on Bitcoin (BOB) project has successfully launched its Mainnet, integrating Bitcoin's and Ethereum's functionalities.

  • BOB's launch has introduced $285 million in Total Value Locked (TVL), showcasing significant adoption and liquidity across both Bitcoin and Ethereum ecosystems.

  • Top venture capital firms, including UTXO and ViaBTC, are supporting BOB's innovative approach to combine Bitcoin's robust security with the adaptability of Ethereum.

  • BOB employs a Layer-2 solution to enable developers to create dapps that are secure, scalable, and innovative.

  • The platform has garnered substantial early support, with its TVL swiftly surpassing $285 million.

  • BOB's strategic post-halving launch positions it as a leading DeFi platform for Rune and Ordinals transactions, offering rapid 2-second block times and cost-effective transactions.

  • BOB provides a bridge for assets between Bitcoin and Ethereum networks, and includes tools for developers to build on the Ethereum Virtual Machine (EVM).

  • With backing from high-profile venture capitalists, BOB is poised to become a premier, secure, and user-friendly Layer-2 platform for the crypto community.

Summary based on 3 sources


Get a daily email with more Crypto stories

More Stories