1/ BTC derivatives form a foundational layer in any thriving ecosystem.
Their expansion signals a new frontier in unlocking latent DeFi potential.
@SuiNetwork remains early-stage w/ only a few key players.
Now, @tBTC_project is entering the arena.
Insights & opportunities👇
2/ Let’s set the stage.
BTC remains crypto’s most pristine asset & its footprint across DeFi is undeniable:
🔹 ~31.9% of Aave’s TVL is BTC-backed
🔹 $WBTC leads BTC derivatives with ~$14B in TVL
*where custody & control are primarily centralised under Justin's Sun owned entity Bit Global (wBTC mint/burn rights).
Even with the momentum BTC-Fi gained in 2024, only 0.79% of BTC is actively earning yield.
Moreover, BTC-Fi today is largely permissioned & trust-based which ironically is the antithesis of Bitcoin’s foundational ethos.
The case for native decentralised BTC yield is clear & still massively underserved.
3/ As the DeFi landscape matures, here comes the next opportunity:
Emerging alt-VM ecosystems like @SuiNetwork.
Sui is already showing signs of organic demand (+790% TVL since 2024) w/ a diverse ecosystem even w/o a robust BTC-Fi adoption yet.
But the upside isn’t priced in.
4/ Here's the cur. state of BTC-Fi on @SuiNetwork:
🔹 @suilendprotocol: Only ~$100M in BTC-based deposits (14.8% of TVL)
🔹 @AlphaFiSUI: Just 2.12% of TVL is in $WBTC
These numbers scream one thing: nascent, underexposed, ready for growth.
5/ This is where @tBTC_project comes in to capitalise on this opportunity.
$tBTC powered via @TheTNetwork infra enables:
🔸Fully decentralised native minting
🔸Built since 2021 w/ multi-layered audits
It's long-standing resilience in bear & bull has proven to be a trusted & scalable exogenous BTC primitive.
With BTC-Fi trending toward new ATHs ($6.3B+), the strong momentum deserves a shift in decentralised alternatives.
This isn’t just another wrapper, it’s Bitcoin’s full-stack gateway.
6/ With $tBTC, @SuiNetwork unlocks the full value stack for BTC-native assets.
This brings a virtuous flywheel across DeFi verticals driven by composability, secured by Bitcoin’s most battle-tested trust layer.
Asset availability → More utility → More adoption.
7/ $tBTC on @SuiNetwork presents strong utility across the stack:
🔹 @bluefinapp: Spot markets via LBTC/tBTC pair (live with $1M TVL + ~40% APR in $BLUE & $stSUI)
🔹 @AlphaLendSui: BTC-backed credit layer to unlock liquidity (live with ~39% APR)
🔹 @bucket_protocol: CDP minting of $BUCK with tBTC as collateral (coming soon)
🔹 @AlphaFiSUI: Leveraged yield risk-adjustable strategies via auto-looping vaults (coming soon)
This forms the solid start for a credible BTC-Fi presence + utility on Sui's ecosystem.
To get started on live integrations:
1⃣ Bluefin’s TBTC/LBTC Pool:
2⃣ Alphalend TBTC:
8/ Establishment across matured ecosystems w/ robust productivity serves as quality asset availability.
$tBTC is heavily integrated across top-tier DeFi protocols proving strong utility.
Any expansionary effect into a new ecosystem gives a superior edge in terms of credibility + utility.
9/ BTC-Fi is early on @SuiNetwork.
$tBTC unlocks credible BTC onboarding w/ strong DeFi integrations are live or underway.
@TheTNetwork offers an unmatched track record + infra robustness to enable a valuable full-stack BTC layer.
As the ecosystem matures, $tBTC is likely to form a significant part of it.
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