DeFi

Bitcoin runes also open up the possibility of DeFi on the Bitcoin network. Their fungibility means they are easy to split into pieces and put back together again.

Since Runes are compatible with both the Bitcoin mainnet and Lightning network, they can be integrated into borrowing and lending platforms.

This could mark the beginning of a new era for the Bitcoin network. While Bitcoin fungible tokens (and therefore DeFi) were possible previously, the cheaper and more efficient Runes protocol will allow for more innovative and user-friendly DeFi solutions on Bitcoin.