PANews reported on May 15 that Bitlayer, a project based on the BitVM technology of the Bitcoin ecosystem, announced a partnership with the high-performance public chain Sui. The two parties will jointly implement the deployment of the trust-minimized BTC bridge solution BitVM Bridge, and promote the integration and adoption of BitVM Bridge's core component Peg-BTC (YBTC) in the Sui ecosystem.
With the launch of Peg-BTC (YBTC), users will be able to explore diversified DeFi scenarios such as exchange, lending and staking of the asset on the Sui network. This cooperation also marks a key progress in the multi-chain ecological layout of BitVM Bridge. As the first BTCFi infrastructure built on BitVM, BitVM Bridge has now established cooperation with 7 mainstream public chains and protocols including Sui, Base, Starknet, Arbitrum, Sonic, Plume Network and Sundial, and will expand to more ecosystems in the future. According to official news, BitVM Bridge has entered the final testing phase and is expected to launch the mainnet in the near future.
