DeFi on Bitcoin? Trustless Computer Says Yes

Developers can build decentralized apps on Bitcoin using Solidity smart contracts

article-image

Wit Olszewski/Shutterstock modified by Blockworks

share

Trustless Computer has recently deployed Uniswap V2 smart contracts on the Bitcoin blockchain.

Although considered one of the most secure blockchains, Bitcoin has always had limited in-built utility features. 

This changed after the Taproot upgrade in 2021, where it became possible to embed almost unlimited data on the Bitcoin Blockchain using Opcodes.

Trustless Computer, which is still in an early, developmental phase, hopes to use this new data-storing method to develop a Turing-Complete virtual machine on top of Bitcoin. This would mean that developers could build decentralized applications such as exchanges, NFTs and trading and lending protocols on Bitcoin itself.

Developers can also develop their own tokens on Bitcoin — called BRC-20 tokens — not to be confused with the almost identically named Ordinal’s BRC-20 tokens.

Loading Tweet..

To provide additional value and utility to these tokens, Trustless Computer has deployed Uniswap V2 smart contracts on Bitcoin, aiming to  give its users the ability to swap BRC-20 tokens and provide liquidity into the space.

A Twitter user that goes by Punk3700 told Blockworks that “[Trustless Computer is] still super early. Feels like Uniswap in 2018. But it’s fun.”

So far, Trustless Computer has deployed 118 tokens, which can be traded on the platform’s freshly launched crypto trading marketplace. 

Only small trades have been completed as of today, with NakaPepe (NAKA) taking the lead, seeing a trading volume of a little over $2,000.


Get the news in your inbox. Explore Blockworks newsletters:

Tags

Upcoming Events

Old Billingsgate

Mon - Wed, October 13 - 15, 2025

Blockworks’ Digital Asset Summit (DAS) will feature conversations between the builders, allocators, and legislators who will shape the trajectory of the digital asset ecosystem in the US and abroad.

Industry City | Brooklyn, NY

TUES - THURS, JUNE 24 - 26, 2025

Permissionless IV serves as the definitive gathering for crypto’s technical founders, developers, and builders to come together and create the future.If you’re ready to shape the future of crypto, Permissionless IV is where it happens.

Brooklyn, NY

SUN - MON, JUN. 22 - 23, 2025

Blockworks and Cracked Labs are teaming up for the third installment of the Permissionless Hackathon, happening June 22–23, 2025 in Brooklyn, NY. This is a 36-hour IRL builder sprint where developers, designers, and creatives ship real projects solving real problems across […]

recent research

Featured.png

Research

Helium stands at a pivotal moment in its evolution as a decentralized wireless network, balancing rapid growth, economic restructuring, and global expansion. With accelerated growth in domestic DAUs and Hotspots supporting its network, Helium is leveraging strategic partnerships and innovative proposals to scale internationally. The recent implementation of HIP 138, “Return to HNT,” has unified its token economy under HNT, simplifying participation and strengthening liquidity, while HIP 139’s phase-out of CBRS refocuses efforts on scalable Wi-Fi offload. Meanwhile, governance shifts under HIP 141 raise questions about centralization as Nova Labs consolidates control over the roadmap.

article-image

In 2011, WikiLeaks faced a financial blockade imposed by the US government. It was Bitcoin’s first major test.

article-image

Kado’s founder Emery Andrew spoke to Blockworks about the acquisition and what’s next for the team

article-image

LayerZero’s Bryan Pellegrino chatted with Blockworks about the firm’s next steps and its 10-year runway

article-image

Colosseum co-founder Matty Taylor is seeing “high-performance [Solana] founders showing a lot of interest in private trading technology”

article-image

Executives weigh the growth potential they see in the public stock and private credit/equities arenas

article-image

Players can stake ME, trade tokens and link wallets to climb the leaderboard