Sui Public Chain Marries Bitlayer! Breaking the Bitcoin Liquidity Dilemma in the Trillion Dollar DeFi Market
Bitlayer has achieved deep cooperation with the high-performance public chain Sui, launching the pegged asset Peg-BTC (YBTC) through BitVM's secure cross-chain bridge technology, realizing the full-scene application of Bitcoin in a heterogeneous ecosystem for the first time. This innovation allows BTC holders to directly participate in staking mining, leveraged trading, and more within the Sui ecosystem, obtaining an annualized return of 15%+ while maintaining asset value.
From a technical implementation perspective, the BitVM Bridge adopts a “layer-2 computation + on-chain fraud proof” mechanism, abandoning the traditional multi-signature custody model, and ensuring minimal trust in asset cross-chain through cryptography. Specific advantages include:
• Zero pre-collateral design: Users do not need to lock assets in advance, with real-time exchange efficiency improved by 300%;
• Lightning Network integration: YBTC transfer confirmation time reduced to 2 seconds, with fees below $0.01;
• Full-scene compatibility: Integrated with 32 of the 49 DeFi protocols in the Sui ecosystem, covering core scenarios such as lending (Aura Finance), DEX (MystSwap), and NFT markets (SuiNFT).
Sui's Chief Product Officer Adeniyi Abiodun pointed out: “Bitlayer's technology has truly brought Bitcoin to life. Currently, Bitcoin-related assets account for 10% of the TVL in the ecosystem, and it is expected to exceed 25% by the end of the year.”
