DeFi on Bitcoin’ network launches pre-mainnet, enabling non-custodial apps

Rooch Network, a blockchain project building a native application layer for the Bitcoin ecosystem, has launched its pre-mainnet phase following a successful three-month testnet period.

Bitcoin
BTC
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$99,682
was invented as a peer-to-peer electronic money, but that doesn’t stop developers from trying to build a vast array of different use cases on its network.

The introduction of an application layer for Bitcoin could unlock a multitude of functionalities, allowing users to engage in decentralized finance (DeFi), execute smart contracts and participate in various blockchain-based applications directly on the Bitcoin network.

By facilitating native, non-custodial interactions, an application layer could enhance scalability and improve the overall user experience. Eventually, this would make BTC a more versatile asset and reshape how individuals and businesses interact with Bitcoin.

Rooch Network, a layer-2 solution aimed at enhancing the functionality of Bitcoin, has introduced its pre-mainnet as a means to build native, non-custodial Bitcoin applications and unlock yield opportunities for BTC holders.

Since its launch three months ago, Rooch’s testnet has operated smoothly, processing over 130 million transactions with participation from more than 7,500 unique addresses. Users engaged with features like HODLcoin minting, testing Rooch’s self-staking mining mechanism to earn yields directly from their tBTC stored in their wallets. Additionally, the Rooch Clicker Game showcased the network’s session key functionality, allowing users to complete multiple transactions with a single click