### **๐ Sui Adds Support for sBTC, Expands BTCFi Ecosystem**
#### **๐ Integration of sBTC into Sui**
- **Sui** will support **sBTC** (1:1 Bitcoin-based asset from Stacks L2) in the coming months.
- **Benefits**:
- Bitcoin can be used in **Sui DeFi** (lending, borrowing, trading) **without centralized custodian**.
- Developers can build applications more flexibly with Bitcoin liquidity **$1.6 trillion**.
- **Sui Foundation** will become a **validator in the Stacks network**.
#### **๐ BTCFi Ecosystem Surpasses $5.8B TVL**
- **Bitcoin DeFi** continues to grow โ From **$6.5B (End of 2024)** to **$5.84B** now (DeFiLlama).
- **10% of Sui's TVL** already comes from Bitcoin assets & derivatives.
#### **๐ค Sui Partners in the BTCFi Space**
- **Babylon, Lombard Finance, Cubist, SatLayer** โ Have already collaborated before.
- **Stacks** becomes the L2 Bitcoin solution for smart contracts & DApps without changing the core BTC protocol.
### **๐ก Why is it Important?**
โ **Bitcoin becomes more productive** in DeFi without compromising security.
โ **Sui becomes a BTCFi hub** with parallel execution & the Move programming language.
