The Bitfinity EVM, designed to enable developers to deploy Bitcoin-based Solidity smart contracts for transferring BTC and Runes, has been introduced. This integration allows asset bridging to other blockchains, facilitating the creation of Bitcoin DeFi apps.

Bitfinity, in collaboration with Dfinity, has launched its Ethereum Virtual Machine (EVM) to merge smart contracts with Bitcoin protocols, utilizing Runes to power Bitcoin DeFi applications. By leveraging the Internet Computer (ICP) protocol, Bitfinity enables seamless asset bridging across various blockchains.

With the introduction of the Bitfinity EVM, developers can now utilize Bitcoin-based Solidity smart contracts to transfer BTC, Ordinals, and Runes. This innovative system functions as a smart contract-executing software similar to Ethereum’s protocol, opening doors for diverse applications within the Bitcoin network.

The recent introduction of Runes, a protocol allowing fungible token minting on the Bitcoin blockchain, has sparked significant interest in the industry. Despite experiencing a surge in network fees post-launch, Runes continues to pave the way for decentralized finance applications within the Bitcoin ecosystem.

The Bitfinity EVM marks a significant milestone in integrating Ethereum’s programming language with Bitcoin-based tokens, showcasing the potential for expanding DeFi capabilities on the Bitcoin network.