Threshold Network has launched tBTC, linked to Bitcoin, on the Sui blockchain to introduce over 500 million USD in Bitcoin liquidity. This step aims to fortify the network’s DeFi capabilities, with BTC-backed assets potentially representing over 10% of Sui’s total locked value.
The market has responded with excitement as users recognize the integration’s potential for boosting Bitcoin liquidity. Historical data shows similar past integrations have led to tripling total value locked in DeFi, suggesting promising growth for Sui’s DeFi market.
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