SatLayer, a Bitcoin restaking platform, announced Wednesday it’s extending Bitcoin’s use in decentralized finance to Sui, the speedy layer-1 blockchain launched last year.
With Sui’s focus on fast transaction speeds, SatLayer’s integration will enable developers to leverage Bitcoin’s $2.1 trillion footprint in building DeFi applications, which aim to exclude third parties from transactions in areas like trading and lending, SatLayer said in a statement.
Sui’s network is already home to a budding DeFi ecosystem. In 2024, 150 full-time developers worked on Sui, according to a recent report from venture firm Electric Capital.
Looking to provide greater flexibility, Sui Foundation’s Global Head of Ecosystem, Jameel Khalfan, told Decrypt SatLayer’s introduction could broaden the set of tools developers have at their disposal.
“The combination of Bitcoin’s size and security with Sui&rsqu...
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