As Bitcoin Surpasses Silver, Analyst Says Cardano is the Network to Unlock Bitcoin DeFi
May 1, 2025
A market expert and Cardano community commentator believes Cardano is set to enable secure Bitcoin DeFi through ongoing integrations.
Notably, Bitcoin ended April on a strong note, climbing from below $75,000 to over $95,000 by month’s end. Despite a sideways trajectory over the past week, the crypto recorded a 14% monthly gain, recently surpassing silver in market cap.
Interestingly, this feat has stirred attention, particularly in light of emerging developments linking Bitcoin and Cardano in the decentralized finance space.
Bitcoin Surpasses Silver
Bitcoin’s market capitalization reached $1.872 trillion by the end of April, narrowly exceeding Silver’s $1.847 trillion, according to data cited by Dan Gambardello, a Cardano community figure and founder of Crypto Capital Venture.
However, Gambardello also pointed to a potential development that could help Bitcoin maintain or extend its lead over other assets.
Bitcoin has flipped Silver and is headed to many more trillions.
Cardano is the blockchain which is going to unlock a secure Bitcoin Defi.
Just have to do the math…$ADA
He identified Cardano as the blockchain expected to unlock a secure framework for Bitcoin DeFi. This assertion aligns with an ongoing partnership between Cardano’s development arm, EMURGO, and BitcoinOS, which began last year. The initiative focuses on enabling smart contract capabilities for Bitcoin developers, using Cardano’s network infrastructure and Bitcoin’s massive liquidity.
Cardano Toward Multi-Chain Capabilities
Notably, Cardano’s Lace wallet recently released version 1.22, introducing initial support for Bitcoin to demonstrate this development. This marks the wallet’s first step into becoming a multi-chain interface, allowing beta users to store and manage Bitcoin directly.
The Lace development team described the upgrade as significant, while Cardano founder Charles Hoskinson acknowledged the milestone on social media, confirming Bitcoin interaction is now possible via the wallet.
Building on this momentum, Cardano is preparing for a major demonstration at the 2025 Bitcoin conference. Hoskinson is set to present the first live integration of Bitcoin functionalities on the Cardano blockchain. According to him, the process is progressing efficiently without requiring a governance vote.
Notably, the integration of Bitcoin liquidity with Cardano’s infrastructure would have a symbiotic impact on both assets.
Impact of Bitcoin DeFi on Cardano’s Valuation
Cardano decentralized representative Altcoin Oracle shared an outlook related to the ongoing integration. The DRep consulted ChatGPT for projections on Cardano’s market cap if it evolves into a leading Bitcoin DeFi provider. The AI forecast placed the market cap between $500 billion and $1 trillion by 2030, driven by institutional interest and liquidity flows.
Altcoin Oracle highlighted that the initiative could extend DeFi services like lending, borrowing, and yield-generation to Bitcoin holders through Cardano’s ecosystem. This aligns with previous remarks by Hoskinson, who stated that DeFi on Bitcoin has the capacity to outperform platforms such as Ethereum and Solana.
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