Sui Foundation integrates sBTC and becomes a validator on Stacks Network, enhancing Bitcoin's decentralized finance accessibility without intermediaries.
sBTC integration allows Bitcoin holders to access decentralized finance through a one-to-one Bitcoin-backed asset on Sui, leveraging Stacks' decentralized design and high throughput for scalability.
Bitcoin DeFi sector shows rapid growth, with protocols locking in over $6.5 billion of capital in 2024, leading to Sui's total value locked's 50% surge to $1.8 billion in a month.
Sui's institutional partnerships, steady increase in stablecoin flows, and strategic collaborations with companies like Grayscale, xPortal, and SatLayer are strengthening its position in the BTCfi ecosystem.