Last year again, some dreamed of distorting Bitcoin with Flashy NFT, 2 magic layers and convoluted re-structure. The purists were offended, arguing that it was necessary to leave the BTC quiet. Should we wait? Obviously yes: today, these crypto whims are almost extinguished. While the fires of innovation crackled, here is the hype fell. But what remains of these promises now flight?
Bitcoin loses its glitter: the promises flight of Layers 2 and NFT
In the Crypto universe, certain concepts are used to dancing and then taking their reverence. This is the case of ordinals, these nft bitcoin which vibrated the wallets. In 2024, their volume reached $ 1.4 billion. In 2025? Barely 280 million. A free fall of 80 %.
Same out for Bitcoin layers 2 : early 2024, Over 80 projects tried to seduce investors and media. Six months later, the soufflé fell. “” It was overestimated from the start “Confides Charlie Hu, co -founder of Bitlayer.
Also in the way: Re-Staking, this innovation wobbly now reduced to two or three survivors. Muneeb Ali, founder of Stacks, Puts the nail : ” The honeymoon is over ».
Crypto-entrepreneurs are starting to speak true. Too late ?
- Bitcoin volume NFT T1 2024: $ 1.4 billion;
- Volume T1 2025: $ 280 million;
- Layer 2 projects early 2024: more than 80;
- Viable projects today: a handful.
Has the Crypto market become allergic to its own excesses?
DEFI on Bitcoin: a potential still under-exploited
However, in the midst of hype debris, an idea seems to be going out: the Bitcoin Defi. Some imagine it as A stronger alternativeless flashy. Dominik Harz (Build on Bitcoin) says it bluntly ::
The Defi Bitcoin has not yet taken off.
To date, 0.3 % of the capitalization of Bitcoin feeds DEF usesI, against 30 % for Ethereum. A abyss of X100.
But the foundations are there. Thanks to Technologies like ZKBTCtransactions become ultra-fast, inexpensive, and programmable. The future? Perhaps in the fusion between the Bitcoin blockchain and the agility of the defi.
Some like @samaalbert90 already speak of a ” new financial era ».
The prediction of the Bitcoinos CEO? A DEFI ecosystem on Bitcoin valued at 10 billion If Ethereum stumbles. And why not? If Layers 2 become architectural tools at the performance service, investments could follow.
Is crypto-shad ready to become a basis for sustainable financial innovations?
Bitcoin vs Ethereum: two visions of decentralized finance
The Cold War continues between Bitcoin and Ethereum, each camping on their ambitions. Ethereum prepares Its “hoodi” updatecrucial for its scalability. If she fails, Bitcoin could win the bet. It would be a turning point. Because with its new technical layers (zkrollups, compatible EVMs), Bitcoin offers attractive solutions.
Maxwell Sanchez (Hemi Labs) recalls, however, that copy and paste tech Ethereum is not enough: ” You have to adapt to the very heart of Bitcoin ». Translation: No need to force a square in a circle. The Bitcoin network must grow in its own way.
On the side of Ethereum, The pressure is strong. Each major update is a risky promise. The complexity of “hoodi” could create more concerns than solutions. Meanwhile, Bitcoin refines his vision, develops his Protocols Layer 2, and awaits the false steps of his rival.
Who will win the Titans duel on the Crypto market? The one who convinces developers, users and investors in the long term. And who are you betting?
Despite their apparent discredit, the Bitcoin Layers 2 could well explode. A recent report by the Spartan Group evokes their explosive potential in the medium term … to follow.
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