Wolverine_367
--
Bitcoin DeFi Project BOB Launches BitVM Bridge Testnet
London – 2 July 2025 – BOB (“Build on Bitcoin”), the hybrid chain combining #bitcoin ’s security with #Ethereum ’s DeFi innovation, has enabled native $BTC on its network with a new BitVM bridge testnet launch supported by leading institutions and DeFi players, including P2P.org, Lombard, Solv Protocol, Amber Group, Ankr, RockawayX, Fiamma, UTXO Management, Luganodes & SatLayer. #OneBigBeautifulBill
The testnet debuts with support from a host of major crypto firms who will be operating nodes on the BitVM bridge, such as Lombard, Amber Group and RockawayX
What to know:
Layer-2 network BOB debuted a BitVM testnet alongside a host of other major crypto firms ahead of the mainnet going live in the fourth quarter.#BTCWhaleMovement BOB is using the BitVM computing paradigm to create a DeFi hub.The bridge harnesses BitVM to allow BTC to be transferred to the rollup and later bring it back so that it can be withdrawn.#SpotVSFuturesStrategy Central to BOB's ethos is that it will use actual BTC rather than a wrapped version of the asset as the fuel for DeFi services.
The testnet debuts with support from a host of major crypto firms who will be operating nodes on the BitVM bridge, such as Lombard, Amber Group and RockawayX
What to know:
Layer-2 network BOB debuted a BitVM testnet alongside a host of other major crypto firms ahead of the mainnet going live in the fourth quarter.#BTCWhaleMovement BOB is using the BitVM computing paradigm to create a DeFi hub.The bridge harnesses BitVM to allow BTC to be transferred to the rollup and later bring it back so that it can be withdrawn.#SpotVSFuturesStrategy Central to BOB's ethos is that it will use actual BTC rather than a wrapped version of the asset as the fuel for DeFi services.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
15
0