Between Anyhedge, Cauldron Dex, and Thorchain, BitcoinCash is now #92 in TVL on DeFi Llama

I'm betting most in this sub haven't kept up with BCH, and so might be surprised to hear it's got DeFi at all.

In a large part thanks to the recent upgrades adding native tokens (2023) and transaction introspection opcodes (2022), Bitcoin Cash now supports DeFi under the UTXO model. (That means it can do 99.9% of what Ethereum can using a token-centric approach, but with much better scaling characteristics.)

AnyHedge is a futures contract allowing you to go long on BCH, or stabilize your BCH holdings' value in terms of another asset. (Of course, each option is the opposite end of the contract. Prices are provided by oracles.)

Cauldron DEX is effectively the UTXO equivalent of UniswapV2. There's a few meme coins there, nothing with much utility yet and pretty low liquidity, but it's a purely UTXO AMM.

Fees are already high for BTC and ETH, and we're not even in the bull market yet. It will be interesting to see if BCH absorbs any other chains' users when its fees stay low.