Hassan Maishera
On Wednesday, the Sui team announced via X that BTCfi is now on Sui thanks to their partnership with SatLayer. This partnership, paired with Babylon Lab’'s infra, enables Sui to connect the Web3 community with Bitcoin, setting the stage for BTC-backed innovations.
SatLayer, as Babylon's designated restaking partner, enables apps and infrastructure to unlock Bitcoin's massive liquidity, capital efficiency, and shared security. As part of this integration, SatLayer will also work with several of the largest projects on Sui including Navi, Suilend, Cetus, Aftermath, and Ika, co-developing and showcasing uses of its Bitcoin Validated Services framework and Bitcoin to the broader Move developer ecosystem.
Furthermore, SatLayer will leverage Bitcoin Liquid Staking Tokens (LSTs) and LSTs partners such as Lombard Finance and Lorenzo Protocol to enhance liquidity and capital efficiency for the Sui ecosystem,
Sui is a Layer 1 blockchain designed to provide top-notch developer and user experiences backed by robust technological foundations. SUI is down 3% in the last 24 hours, trading at $4.3760 per coin.
