Everyone Wants a Piece of the Bitcoin Pie, Now the AI Bots Are Coming for It Too

AI-focused Ethereum layer-2 Mode is the latest network to bridge to Bitcoin in an attempt to get access to deep wells of liquidity held in BTC.

Dec 5, 2024, 5:06 p.m. UTC

Bitcoin's (BTC) market cap is consistently in excess of 50% of the size of the total crypto industry, meaning more funds are held in BTC than every other digital asset combined.

With bitcoin dominance reaching multiyear highs of over 60% during the current bull market, projects built on other networks have been looking for ways to get a slice of the pie. Now the AI bots are giving it a go.

Artificial intelligence-focused Ethereum layer-2 blockchain Mode is the latest to bridge to Bitcoin in an attempt to access the deep wells of liquidity held in BTC.

Mode has teamed up with rollup protocol BitcoinOS (BOS) to give AI agents on its network permissionless access to Bitcoin, according to an emailed announcement on Thursday.

BOS recently carried out a similar integration with the Cardano network, activating its Grail bridge to facilitate the flow of BTC in that ecosystem.

The Grail bridge uses zero-knowledge (ZK) technology to allow assets to be transferred between the respective networks. ZK proofs are cryptographic protocols that allow one party to prove a statement is true to another without revealing additional information.

Mode is an Ethereum layer-2 built with Optimism's OP Stack and aims to scale decentralized finance (DeFi) applications through on-chain agents powered by AI.

Read More: Leading Bitcoin Layer 2 Picks Optimism's Red-Hot Superchain to Link to Ethereum