According to Odaily, a group of developers is set to launch the OP_NET testnet on Wednesday, aiming to bring DeFi and smart contract capabilities to the Bitcoin blockchain. The OP_NET solution leverages the Tapscript component of Bitcoin's Taproot upgrade, enabling support for Ordinals and Runes. Developer Chad Master expressed optimism about the potential impact, stating, 'We hope to see DeFi fully realized on Bitcoin.'