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

Decoding crypto and the markets. Daily, with Byron Gilliam.

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.

recent research

Research Report Templates.png

Research

Content Delivery Networks (CDNs) represent low-hanging fruit in a massive market ripe for Web3-driven disruption. The global CDN market was valued at ~$28B in 2024, and is projected to surpass $140B by 2034, (18.75% CAGR) underscoring the immense demand for efficient content delivery.

article-image

US dollars might technically be worth less, but it’s still good news

article-image

Apps are doing well, as is casino gaming, says Tom Schmidt of Dragonfly

article-image

Sponsored

Machine DeFi brings programmable peer-to-peer finance into contact with tangible machines that generate real-world value

article-image

What happens to your investment portfolio when the companies driving returns are no longer in it?

article-image

Wow, the ETF hype sure didn’t last long

article-image

The private sector lost 33,000 jobs in June; analysts had projected payrolls to add 100,000 positions