- Buy Crypto
- Markets
Futures- Spot
- Copy Trade
- Earn
- More
Bitlayer Bridges Bitcoin to Sui with Yield-Bearing Peg-BTC
By: crypto economy|2025/05/16 00:30:05
0
Share
TL;DRBitlayer and Sui integrated Peg-BTC (YBTC), a token backed 1:1 by BTC, allowing users to interact with Bitcoin in DeFi without losing price exposure.The BitVM bridge enables BTC transfers to Sui without intermediaries, ensuring decentralized security and access to staking, lending, and liquidity.Over 10% of the total value locked (TVL) in Sui already comes from BTC, and Peg-BTC’s arrival will expand yield generation options.Bitlayer and Sui have partnered to bring Peg-BTC (YBTC), a token backed 1:1 by Bitcoin, into Sui’s DeFi ecosystem.This asset allows users to move their BTC through the BitVM bridge and use it in decentralized applications while maintaining full exposure to Bitcoin’s price. The initiative aims to offer more alternatives for those looking to earn yield on their holdings without leaving a secure, Bitcoin-compatible environment.How Does Peg-BTC Work?This bridge avoids the involvement of centralized intermediaries and uses off-chain computation combined with on-chain fraud proofs. This mechanism ensures that value transfers between Bitcoin and Sui remain decentralized and protected against any manipulation. Once on the network, Peg-BTC can be used in various DeFi tools such as staking, lending, and providing liquidity on decentralized exchanges.At the latest Token2049 event in Dubai, several traditional firms, including Franklin Templeton, backed the growing trend of injecting BTC liquidity into DeFi ecosystems, highlighting its potential to expand Bitcoin’s utility beyond passive accumulation as a store of value. Peg-BTC’s arrival on Sui addresses that demand and aims to turn BTC into a functional asset within decentralized markets.Bitcoin Represents 10% of Sui’s TVLCurrently, over 10% of the total value locked in Sui corresponds to Bitcoin-based assets. Since February, more than 587 BTC have flowed into the network’s protocols. The integration of Peg-BTC is expected to increase that figure while offering new opportunities to earn yield.With over $2 billion in total value locked and 49 active DeFi projects, Sui is working to build infrastructure that supports various BTC-linked assets. The collaboration with Bitlayer and its BitVM technology is a core component of that strategy
You may also like
The Aave civil war escalates, Morpho quietly doubles: Is the lending throne about to change hands?
Wall Street asset management giant Apollo Global Management invested $160 million in Morpho.
Dune Stablecoin Research: The Flow and Demand of a $300 Billion Market
In the dataset, transfers are no longer simply labeled as pure "transaction volume," but are classified as different on-chain activities. This is the difference between "just knowing that $100 trillion has been transferred" and "understanding why it was transferred."
Stripe Annual Letter: New cognitive density is extremely high, especially the 5-level model of "AI + Payments"
Every trend here is affecting everyone's future survival.
Sam Altman's Twenty-Four Hours: The Pentagon said "no" twice, but only one was serious
In Silicon Valley, Altman's sub-12-hour move has a name. It's not called backstabbing, it's called timing.
The US-Iran Conflict Spreads to the Crypto Space: What to Expect in the Market on Monday
The most important industry in the crypto world, only 300 kilometers away from the missile's impact point
Lily Liu, the chair of the Solana Foundation, shouted "Don't waste time on crypto," is the crypto industry really dead?
The interest of the younger generation is shifting from cryptocurrency to the field of artificial intelligence, which coincides with the current phenomenon in the cryptocurrency industry.
The little deer live by the water and grass
Mining companies have never been the most devout believers in Bitcoin. Under the pressures of halving compressing profits, financial reports showing revenue growth without profit increase, and coin prices falling below mining costs, the industry is collectively de-risking.
The world belongs to Chinese people who speak English
The world is vast, and only playing half of it is truly a loss.
Why Stop at 126K? Michael Saylor Breaks Down BTC Stagnation and Retail Absence Truth
Bitcoin is digital capital, and I will spend a thousand hours explaining it to you. Eventually, you will understand, but you will still have to endure a 45% crash.
Virtuals Protocol's inaugural Titan project: ROBO aims to give a wallet to a robot
This is a key step in Virtuals expanding the Agent Economy into the Embodied AI and Robotics field.
Stablecoin Latest Report: Actual Distribution and Circulation Much More Notable Than Supply
The Truth about Stablecoin Circulation Speed, Concentration, and Structure After Doubling the Supply
Paradigm's New Arithmetic: When Crypto Can't Hold 12.7 Billion, AI Becomes the Answer
It took Paradigm three years to emerge from the ruins of FTX.
Wintermute Founder: In the Lost Cryptocurrency Market, What Can We Still Do?
This is more like a manifesto, discussing "the very reason we are here."
$1.3 Billion Debt: BitDeer Faces Tough Battle
Wu Jihan is waiting for AI's money to catch up with the speed of debt.
Anthropic's IPO Gamble: At the Most Unlikely Moment, It Chose to Say No
In the AI Era, what is the most valuable thing?
Paradigm's Math Problem: $12.7 Billion, Too Big for a Single Crypto Fund
Emerging from the ruins of FTX, Paradigm took three years
Ethereum Unveils Scaling Roadmap, What's Different This Time?
Short-term improvements to execution efficiency through the Gas mechanism optimization and block validation parallelization, and long-term scalability through ZK-EVM and blobs data architecture.
Anthropic Ban Wave, OpenAI $100 Billion Funding Controversy: What Is the Overseas Crypto Community Talking About Today?
What Have Foreigners Been Most Interested in Over the Last 24 Hours?
The Aave civil war escalates, Morpho quietly doubles: Is the lending throne about to change hands?
Wall Street asset management giant Apollo Global Management invested $160 million in Morpho.
Dune Stablecoin Research: The Flow and Demand of a $300 Billion Market
In the dataset, transfers are no longer simply labeled as pure "transaction volume," but are classified as different on-chain activities. This is the difference between "just knowing that $100 trillion has been transferred" and "understanding why it was transferred."
Stripe Annual Letter: New cognitive density is extremely high, especially the 5-level model of "AI + Payments"
Every trend here is affecting everyone's future survival.
Sam Altman's Twenty-Four Hours: The Pentagon said "no" twice, but only one was serious
In Silicon Valley, Altman's sub-12-hour move has a name. It's not called backstabbing, it's called timing.
The US-Iran Conflict Spreads to the Crypto Space: What to Expect in the Market on Monday
The most important industry in the crypto world, only 300 kilometers away from the missile's impact point
Lily Liu, the chair of the Solana Foundation, shouted "Don't waste time on crypto," is the crypto industry really dead?
The interest of the younger generation is shifting from cryptocurrency to the field of artificial intelligence, which coincides with the current phenomenon in the cryptocurrency industry.
App