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Bitcoin DeFi Is Taking Root on Sui—Here’s How It Works

Bitcoin integrations are growing across the Sui network, providing more use cases for BTC holders. Here's how BTCfi works on Sui.

Bitcoin is widely considered the most secure and decentralized digital asset. But for all its strength as a store of value, it’s historically offered little financial utility due to network limitations, while its ballooning price has kept it from being seen as everyday spending money.

Bitcoin DeFi, also known as BTCfi—a term referring to decentralized finance applications built on Bitcoin—is emerging to change that. Sui is one of several layer-1 blockchains now supporting Bitcoin-based functionality, along with the likes of Solana, Aptos, and Cardano.

Bitcoin DeFi Is Taking Root on Sui—Here’s How It Works

Bitcoin integrations are growing across the Sui network, providing more use cases for BTC holders. Here's how BTCfi works on Sui.

Bitcoin is widely considered the most secure and decentralized digital asset. But for all its strength as a store of value, it’s historically offered little financial utility due to network limitations, while its ballooning price has kept it from being seen as everyday spending money.

Bitcoin DeFi, also known as BTCfi—a term referring to decentralized finance applications built on Bitcoin—is emerging to change that. Sui is one of several layer-1 blockchains now supporting Bitcoin-based functionality, along with the likes of Solana, Aptos, and Cardano.

https://decrypt.co/325274/bitcoin-defi-taking-root-sui-heres-how-works