The evolution of Bitcoin Finance (BTCFi) from BRC-20 to BRC-420

Hashing It Out

Bitcoin finance, a new movement that seeks to bring decentralized finance (DeFi) to the Bitcoin network, is taking off with the popularity of Ordinals and BRC-20. In Episode 47, Jeff, founder of Merlin Chain — a native Bitcoin layer-2 network — explains how the BTCFi movement is evolving from BRC-20 to BRC-420, the issues layer-2 networks and Bitcoin face, and why the rise of building utility on the network is bullish for the entire ecosystem.

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