BlockBeats news, on May 15, the project Bitlayer, based on the BitVM technology implemented in the Bitcoin ecosystem, announced a collaboration with the high-performance public chain Sui. Both parties will jointly implement a trust-minimized BTC bridge solution, BitVM Bridge, and promote the integration and adoption of BitVM Bridge's core component Peg-BTC (YBTC) in the Sui ecosystem.
With the launch of Peg-BTC (YBTC), users will be able to explore diverse DeFi scenarios such as trading, lending, and staking of this asset on the Sui network. This collaboration also marks a significant progress in the multi-chain ecological layout of BitVM Bridge. As the first BTCFi infrastructure built on BitVM, BitVM Bridge has now established partnerships with 7 mainstream public chains and protocols including Sui, Base, Starknet, Arbitrum, Sonic, Plume Network, and Sundial, with plans to expand to more ecosystems in the future. According to official news, BitVM Bridge has entered the final testing phase and is expected to launch the mainnet soon.
