Cardano’s Lace Wallet Expands to Bitcoin and Beyond

• Lace Wallet adds Bitcoin support, increasing Cardano’s DeFi potential and transaction volume.
• A mobile version is coming, making Cardano’s DeFi ecosystem more accessible.
• Cardano’s expansion challenges Ethereum, offering faster, cheaper cross-chain transactions.

Big changes are coming to Cardano. Charles Hoskinson confirmed that Lace will soon support Bitcoin. This upgrade could make Lace the top Bitcoin DeFi wallet. More Bitcoin transactions may move to Cardano, strengthening the network. A mobile version is also on the way, making DeFi more accessible. These upgrades could reshape the blockchain space. Ethereum may soon face serious competition. Will Cardano’s expansion change the game? Let’s take a closer look.

JUST IN: #Cardano $ADA Founder Charles Hoskinson says “very shortly, we will have Bitcoin support for Lace. We think Lace will be the best Bitcoin DeFi wallet, bringing a lot of transactions from Bitcoin into Cardano. Lace will go beyond Bitcoin to other assets, and go mobile.” pic.twitter.com/DW6orW8r8N

— Angry Crypto Show (@angrycryptoshow) February 17, 2025

Lace Wallet Bridges Bitcoin and Cardano

A major shift is happening. Lace Wallet will soon support Bitcoin, unlocking new DeFi possibilities. This update allows Bitcoin users to interact with the Cardano ecosystem. Faster and cheaper transactions could attract more developers and investors. Hoskinson’s vision goes beyond Bitcoin. More assets will be supported, expanding the reach of Lace.

A mobile version will follow, making decentralized finance easier to access. More users will enter the Cardano Network without relying on desktops. Meanwhile, the market remains volatile. Cardano’s price recently fell 3.87%, dropping below $0.80. Bitcoin’s struggle with the $96K level has increased bearish pressure. Despite this setback, strong fundamentals support long-term growth.

Can Cardano’s Ecosystem Challenge Ethereum?

A bullish breakout from a falling wedge pattern signals potential upside. The $0.75 level will act as a key test. Holding above this zone could trigger a rally toward $0.9173. A stronger surge may push prices to $1.08. Lace’s Bitcoin integration marks a turning point.

More users may migrate to Cardano, boosting activity and revenue. Ethereum’s dominance in DeFi could face a real challenge. Faster speeds and lower fees may attract projects looking for better solutions. The mobile version will bring DeFi to more people. Removing technical barriers could spark mass adoption.

A smoother user experience may encourage everyday investors to explore Cardano. Hoskinson’s confidence in Lace signals a major shift. The network continues to evolve, bringing new possibilities. A growing user base could fuel long-term success. If these upgrades deliver on expectations, Cardano may rise to the top.

Source