OKX has introduced xBTC on the Sui blockchain, facilitating a new BTC asset that integrates security with flexibility. This launch signifies OKX’s intention to capitalize on the growing DeFi ecosystem.
As Bitcoin approaches its all-time high of $109K, its value has surged by over 21% in the last month. This appreciation reflects heightened investor interest and sentiment is currently leaning towards greed.
Sui’s ecosystem is quickly evolving, with BTC-backed assets now comprising more than 10% of its Total Value Locked. This growth has been fueled by strong investor activity, demonstrating the viability of DeFi opportunities.
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