Hassan Maishera
On Tuesday, the LayerZero team announced via X that WBTC (Wrapped BTC) has launched on the Sei Network. Using LayerZero, WBTC has expanded to Sei, making the $13B asset available for any DeFi activity onchain and across chains.
With this integration, users can move WBTC via Stargate Finance to Sei and interact with apps, like LPing, into DragonSwap. Stargate enables simple, reliable transfers of wBTC to Sei through OFT transfers.
LayerZero is an interoperability protocol designed to facilitate seamless communication between different blockchains. It aims to create a unified, interconnected blockchain ecosystem where assets and data can move freely across various networks. ZRO trades at $5.904, down 3% in the last 24 hours.
Sei is a high-speed Layer 1 blockchain tailored for the digital asset boom, from NFTs to DeFi. The blockchain intends to unlock a brand-new design space for consumer-facing applications. Its native coin, SEI is down 1% in the last 24 hours and is now trading at $0.5585 per coin.
