💡Why BitArch
Last updated
Last updated
Bitcoin, as the leading cryptocurrency, owns significant market capitalization. However, compared to Ethereum and Solana, its DeFi ecosystem lacks vibrancy and activity. Ethereum and Solana with their extensive DeFi applications and high transaction volumes, highlight the disparity in on-chain activity.
As multiple blockchain networks evolve within the Bitcoin ecosystem liquidity continues to get fragmented. Users often encounter new, intriguing dApps or BRC20 standards on the Bitcoin network but struggle to move their funds, creating significant friction in user onboarding. This issue is compounded by the need for multiple steps to swap assets across different networks, such as swapping SOL to ETH, then ETH to BTC, and finally accessing the desired Bitcoin-based dApp or asset and Multi-chain wallets lack support for direct asset-to-asset swaps like CEXs do.
The growth of Bitcoin with new L2s, ordinals, and Runes has spurred innovation but has also highlighted the cumbersome process of onboarding users from other networks.
We believe building an omni-chain liquidity layer can drive widespread adoption, Hence there is a pressing need to bridge the massive EVM liquidity to Bitcoin, providing a seamless user experience and unlocking new opportunities in the crypto space.
BitArch is an omni-chain liquidity layer designed to enhance the Bitcoin ecosystem. It aggregates data from multiple bridges and decentralized exchanges (DEXs) to determine the optimal route for cross-chain swaps. By supporting various blockchain networks, BitArch facilitates the bridging of assets from other networks into the Bitcoin ecosystem. Our innovative approach simplifies the complexities of interacting with different chains, providing a user-friendly experience.
Through a single API call via our SDK, developers can seamlessly integrate and perform cross-chain swaps. This makes BitArch a comprehensive solution for accessing the Bitcoin ecosystem.
As Bitcoin continues to grow with new Layer 2 solutions like Stacks and BSquared Network, and new asset types such as ordinals and Runes, the need for efficient user onboarding and asset exploration becomes critical. BitArch addresses this challenge by abstracting the intricate processes involved, allowing users to easily navigate and engage with the Bitcoin ecosystem.
In summary, BitArch not only bridges the gap between different blockchain networks but also enhances the overall user experience, making it a pivotal tool for anyone looking to explore and utilize the full potential of the Bitcoin ecosystem.
