BRC2.0 upgrade brings smart contracts and defi to the Bitcoin base chain

BRC20, the first token standard built directly on Bitcoin’s base layer and indexers, has officially upgraded to “BRC2.0” at Bitcoin block height ￰0￱ upgrade has opened the door to decentralized apps and DeFi on ￰1￱ BRC2.0 upgrade was developed by Best In Slot, a major infrastructure player in the Ordinals ecosystem, together with BRC20’s pseudonymous creator Domo and the Layer 1 Foundation, the governance body overseeing the protocol. Technically, the upgrade adds Ethereum Virtual Machine(EVM) functionality directly into the BRC-20 core ￰2￱ brings Ethereum-like composability and programmability while leveraging its ￰3￱ can use Ethereum-style smart contracts on Bitcoin Now developers will be able to use Ethereum-style smart contracts on Bitcoin, while still being able to use Ethereum ￰4￱ are no bridges, no wrapped assets, just the capacity to combine things already ￰5￱ Binari Ezerel, CEO of Best In Slot, said, “Bitcoin meta-protocols like Ordinals, Runes, and BRC20 run on indexers, which function like simple calculators We upgraded this ‘calculator-style’ indexer with EVM—making BRC20 Turing complete.” On the other hand, Domo, the creator of BRC20, said, “The holy grail is combining the two gold standards: Bitcoin as the most decentralized and secure network, and the EVM as the most proven virtual machine … The aim is to give users the Ethereum experience of composability and programmability, but secured by Bitcoin.” Meanwhile, the new smart contract functionality expands what’s possible for Bitcoin-native ￰6￱ programmability and DeFi are expected to spark renewed interest, with profits likely rotating into inscriptions, potentially driving another bull run for Bitcoin ￰7￱ number of programmable Bitcoin layers spikes Over $3 billion worth of assets have been exchanged on BRC-20 since it started in early ￰8￱ goal has been reached without getting any institutional assistance or venture ￰9￱ activity slowed down in 2025, BRC-20 volumes stayed high, with 5,636 BTC in on-chain volume over the last six ￰10￱ is more than double the number of Runes and over five times the number of old Ordinals ￰11￱ tokens have mostly been used for meme coins and speculative trading until recently, because Bitcoin isn’t very ￰12￱ said, “Adoption of Bitcoin native assets has been stifled because there are no dApps on Bitcoin; it’s just memes… One of the main goals of BRC2.0 is to bring Ethereum’s more diverse application ecosystem onto Bitcoin.” BRC2.0 joins an increasing number of programmable Bitcoin layers, such as the WASM-based Alkanes ￰13￱ standard introduced trustless smart contract functionality to the base layer, without relying on bridges or external execution ￰14￱ also allows developers to build apps and launch tokens natively on Bitcoin, expanding the functionality of the original ￰15￱ recently rose to make up over a third of all meta-protocol transactions in ￰16￱ NFTs dominate the crypto market Even though NFT sales aren’t as hot as they used to be, the NFT market has nevertheless made $71.55 billion in sales since ￰17￱ that, $46.35 billion is from NFTs based on ￰18￱ translates to 64.78%.

Ethereum actually had a total volume of $80.95 billion, but $34.59 billion of that was wash trading ￰19￱ has made $7.02 billion in sales, but $588 million of that has been marked as fake wash ￰20￱ means Solana, the second-place candidate, has $6.43 billion in real NFT ￰21￱ comes in third with $5.69 billion in total sales, of which $123 million were wash ￰22￱ sales and sales volume.