Other · Majors · BTC
Bitcoin is the first and largest cryptocurrency, secured by proof-of-work. BTC functions primarily as a store of value and macro risk asset; in DeFi it circulates via wrapped and bridged representations. On CanHav, BTC is a first-class major with a GMX-verified perp market on Arbitrum Sepolia.
The original cryptocurrency and largest digital store of value.
Ranked top→bottom: who competes with Bitcoin and how they differ.
| # | Competitor | Positioning | Similarities | Differentiator |
|---|---|---|---|---|
| 1 | Ethereum | The leading smart-contract L1 and settlement layer for DeFi. | Both in Other (Majors). | Largest smart-contract ecosystem by TVL and developer activity; ETH is the base collateral asset most on-chain markets price against. |
