Build on Bitcoin Secures $21 Million to Explore Native BTC DeFi and Hybrid Layer 2 Solutions

Key Points

1. BOB is a layer-2 blockchain network designed to unlock native Bitcoin DeFi capabilities, bridging Bitcoin with Ethereum’s DeFi ecosystem.

2. The project employs a hybrid chain model, combining Bitcoin’s security with Ethereum’s versatility, and plans to launch BTC-staked finality by the end of 2025.

3. BOB’s BitVM2 technology enables users to interact with DeFi applications using native BTC directly, eliminating the need for custody or wrapping.

4. As of Aug. 7, 2025, BOB’s total value locked is $212 million, with a DeFi TVL of $132.2 million and 553,000 users.

5. BOB aims to address the reliance on centralized institutions or wrapped Bitcoin tokens in Bitcoin DeFi by offering a trust-minimized bridging solution.