According to Wu, Trac Systems’ Tap Protocol has launched what is claimed to be the first Bitcoin-native smart contracts and DeFi tools that run directly on the Bitcoin Layer 1 mainnet, relying on the Ordinals meta-protocol.

The team claims that this breakthrough allows smart contracts, exchanges, and liquidity pools to be independent of Layer 2 solutions. At the same time, Tap integrates with systems such as ICP to achieve decentralized operations and enhance the practicality and security of Bitcoin for DeFi activities directly on the mainnet.