SUI to add SBTC and piles to authority institutional-grade btcfi

SUI is set to integrate SBTC and support the globose network, positioning suy as the leading hub for institutional-bitcoin bitcoin.

In 1. May A post on blogSUI Foundation announced that it will integrate SBTC and support heaps (Stk) network, spreading its bitcoin (Btc) CAPI Opportunities. SBTC is a Bitcoin-developed substrap, Bitcoin layer-2 and allows users to use their BTC in definite without reliance on centralized guardians.

As part of integration, sui (Sui) Will also manage Validaut on the National Party. The goal is to unlock the definitality of definiteness such as lending, borrowing and trading BTC stretchers, high-performance chain built to scale.

“Too long, BTC was treated as a passive tool. SBTC on SUIs can earn yield, participate in defiest and remain faithful in Bitcoin distressed Etosa-all on the SUI, blocked for performance and scale blockade.”

– Adenii Abiodun, Misten Labs co-founder

With more than $ 6.5 billion, currently locked in Bitcoin Defici, the demand for BTCFI is quickly increasing. The SUI offers a scalable layer for performing, while the SBTC offers a decentralized way of meeting this demand. Its subject architecture and parallel transaction processing make it an attractive platform to build a defy application.

Integration comes as SUI see the acceleration of growth and in defiance and BTC adoption. The total value of the sui is 50% in the past month, now to 1.8 billion dollars. More than 10% of the network TVL now comes from BTC and Bitcoin activities.

The inflow of Stablecoin struck all the time of $ 888 million from 1. Maja, according to the defiles data. Torero Romero’s chain analyst recently noted that nearly 29% Ethereum (El) The outflows bridged the wormhole (You) During the past year, it went to SUI.