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Bitcoin-Backed YBTC Lands on Sui as Bitlayer Deploys BitVM Bridge—DeFi’s Latest Cross-Chain Gambit
Bitcoin-Backed YBTC Lands on Sui as Bitlayer Deploys BitVM Bridge—DeFi’s Latest Cross-Chain Gambit
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Sui Network just got a heavyweight crypto contender. Bitlayer’s Bitcoin-backed YBTC token is crossing over via their new BitVM bridge—because what’s Web3 without another wrapped asset?
The move lets Bitcoin holders tap into Sui’s high-speed ecosystem without selling their OG crypto. Bitlayer claims their two-way bridge maintains ’near-native’ security. Traders remain skeptical—after all, bridges remain crypto’s favorite exploit buffet.
This marks Sui’s latest play for Bitcoin liquidity. The network’s been aggressively courting BTC-centric projects, betting big on institutional crossover. Will it work? Maybe. But as any degens knows: in crypto, bridges either print money or collapse spectacularly. No third option.
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