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Sui is advancing its position as a top-tier hub for institutional-grade Bitcoin decentralized finance (DeFi) by integrating sBTC and supporting the Stacks network. This strategic move aims to unlock new opportunities for Bitcoin holders to participate in DeFi on a high-performance blockchain built for scalability.

Sui Integrates sBTC to Boost Bitcoin DeFi

The Sui Foundation announced its integration with sBTC and support for the Stacks network on May 1. sBTC, a Bitcoin-backed asset developed by Stacks—a Bitcoin layer-2 solution—enables users to utilize their Bitcoin in DeFi without relying on centralized custodians. This integration is expected to expand Sui’s capabilities in the Bitcoin DeFi ecosystem, offering innovative solutions for lending, borrowing, and trading.

“For too long, BTC has been treated as a passive asset. sBTC on Sui means holders can earn yield, participate in DeFi, and stay true to Bitcoin’s trustless ethos—all on Sui, a blockchain built for performance and scale.”

— Adeniyi Abiodun, Mysten Labs Co-founder

Why sBTC and Sui Are a Perfect Match

With over $6.5 billion currently locked in Bitcoin DeFi protocols, the demand for BTC-focused financial products is growing rapidly. Sui’s integration of sBTC aligns with this trend, offering a decentralized method of utilizing Bitcoin in DeFi. Sui’s unique object-based architecture and parallel transaction processing enhance scalability, making it an attractive platform for developers to build DeFi applications.

By operating a validator on the Stacks network, Sui is strengthening its position in the Bitcoin ecosystem. This collaboration enables Bitcoin holders to earn yield and engage in decentralized financial activities while adhering to Bitcoin’s trustless principles.

Impressive Growth in Sui’s Ecosystem

Sui’s total value locked (TVL) has surged by 50% over the past month, reaching $1.8 billion. Notably, more than 10% of this TVL now comes from Bitcoin and Bitcoin-derived assets. Stablecoin inflows have also hit an all-time high, with $888 million recorded as of May 1, reflecting the growing adoption of Sui’s DeFi solutions.

On-chain analytics reveal significant momentum for Sui. According to analysts, nearly 29% of Ethereum outflows bridged through Wormhole over the past year have flowed into Sui. This highlights the platform’s increasing appeal among users transitioning from other networks.

Institutional Momentum and Expanding Accessibility

Institutional interest in Sui is also on the rise. Grayscale has introduced the SUI Trust, enabling accredited investors to gain exposure to the ecosystem. Additionally, a new partnership with xPortal and xMoney has made SUI usable across Europe via a Mastercard-enabled virtual card, further enhancing its accessibility.

The integration of sBTC into the Sui ecosystem could mark a pivotal moment for Bitcoin DeFi. With Bitcoin’s $1.6 trillion in dormant capital, Sui’s high-performance infrastructure is well-positioned to attract both retail and institutional participants, driving innovation in the digital asset space.

Stay updated with more cryptocurrency news and insights on Global Crypto News.

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