Bitcoin's integration with Sui garners momentum as Threshold Network and Sui initiate Phase 2 of tBTC assimilation, marking a significant step towards expanding bitcoin's presence within the Sui ecosystem.

In a groundbreaking move, the tBTC pool pairs have gone live on Bluefin, bolstering the composability of BTC assets and reinforcing Bluefin's standing as a crucial liquidity hub within Sui's burgeoning BitcoinFi ecosystem.

This development marks the launch of tBTC x Sui Phase 2, which introduces key infrastructure such as leveraged yield and smooth cross-chain flow, thereby extending Bitcoin's role in decentralized finance on Sui.

Sui is rapidly carving out a niche in Bitcoin DeFi activity by introducing Bitcoin-backed lending, trading, and yield strategies. The tBTC Phase 2 launch provides a second impetus to an already strengthening BTCFi ecosystem on Sui, offering cross-chain access, structured yield products, and more capital-efficient strategies.

The tBTC assets now account for over 20% of Sui's TVL (Total Value Locked), a testament to its growing popularity. The success of tBTC on Sui during Phase 1, where Bitcoin liquidity scaled rapidly when given the right environment, underscores its product-market fit.

Threshold Network, the protocol behind tBTC, along with a growing community of builders on Sui, have announced Phase 2 of their tBTC integration. This new phase unlocks new bridges and expanded opportunities for utilizing Bitcoin in decentralized financial markets.

Phase 2 of tBTC on Sui includes the launch of auto-optimizing yield strategies, such as the AlphaFi auto-looping vault and expanded liquidity options for tBTC on Sui.

New tBTC pool pairs are now available on Bluefin, including tBTC-USDC and xBTC-tBTC. Users can access these lending options and tBTC pools on Bluefin through the provided link.

On Alphalend, a lending market protocol on Sui, users have supplied more than $10M in tBTC, with nearly half borrowed, indicating strong demand for Bitcoin-based credit markets.

For those interested in tBTC's auto-looping vault, try it out through the provided link.

Phase 2 of tBTC on Sui demonstrates measurable progress for BitcoinFi and both ecosystems. Millions in liquidity have been supplied during Phase 1 of tBTC x Sui, with strong user participation across various financial activities.

The organization behind the tBTC protocol, Threshold Labs, is a leading player in the DeFi landscape. Threshold Network, the managing team behind Threshold Labs, offers the most battle-tested, trust-minimized Bitcoin infrastructure in DeFi, with over $700M in TVL and over $3.8B in bridge volume.

Sui is one of the first non-EVM networks to recognize the growing need for users to unlock Bitcoin utility onchain. The market for tBTC in Sui has moved beyond the experimental stage, with over $10M supplied on Alphalend and thousands of community participants.

Keep an eye out for upcoming community campaigns through the provided link. A new structured vault product launch is also on the horizon.

Bridge tBTC from the Ethereum Network to Sui through the provided link and be a part of this exciting new chapter in Bitcoin DeFi.

Bitcoin's integration with Sui garners momentum as Threshold Network and Sui initiate Phase 2 of tBTC assimilation, marking a significant step towards expanding bitcoin's presence within the Sui ecosystem.