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Wrapped Bitcoin Finally Goes Native on Solana Network

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Credit : cryptonews.net

  • Wrapped Bitcoin is now native built-in in Solana, making sooner Defi entry with out bridge dependence potential.
  • Solana agrees with different networks resembling Sui and Unichain within the enlargement of packed Bitcoin ecosystem flexibility.

Wrap Bitcoin (WBTC) lastly arrived straight on the Solana community – No bridge required. For individuals who haven’t observed it, this isn’t nearly ‘new bitcoin’. Solana is now the direct home for WBTC, which beforehand solely existed on the Ethereum community.

What does that imply? Bitcoin -Liquidity may be loved straight within the Solana Ecosystem with out detours. Think about having BTC, however having the ability to discover SuperFast Defi Ala Solana. It’s as when you have a big motorbike, however you possibly can drive on a toll street, with out site visitors jams and with out reimbursements.

WBTC Native on @Solana

Welcome to the Quick Lane, @Bitcoin. pic.twitter.com/bvko6pmwvq

– WBTC (@wrappedbtc) 5 Might 2025

WBTC remains to be linked 1: 1 to Bitcoin and is supported by actual BTC reserves. However the distinction now’s that customers can use it straight to supply liquidity, borrow and borrow, and even to purchase tokens and promote it on completely different daps on Solana. It was beforehand potential, but it surely needed to undergo a cross-chain bridge that was frankly generally nerve-racking. Now the method is easier and sooner.

Curiously, WBTC will not be the one packed Bitcoin participant on Solana. As we have now reported earlier, Coinbase has its personal model known as CBBTC. Then there may be additionally 21BTC of 21.co, which is claimed to be sooner and doesn’t want a bridge.

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And for builders, Zeus Community additionally promotes ZBTC, with a extra open strategy, which signifies that it doesn’t want further permissions. So, do not be stunned if Solana now appears extra like an evening market – Busy, brilliant and filled with packed BTC choices.

The packed BTC motion can also be completed elsewhere

Then again, on April 29, 2025, Kraken additionally went alongside by launching Kraken Wrapped Bitcoin (KBTC) on Unichain. Unichain is a layer 2 made by Uniswap Labs on Ethereum.

What makes it completely different is that KBTC is not only a token. It’s straight supported by Bitcoin, who’s neatly saved at Kraken Monetary, an official monetary establishment in Wyoming. They even present proof of reserves to the chain that may be checked instantly. There isn’t a room for ‘they are saying’.

As well as, on February 4, 2025, Bitgo made a breakthrough by increasing the attain of WBTC to the SII community. Through the sui bridge, customers can now deliver WBTC from Ethereum to Sui after which use it within the BTCFI world. This can be a sort of enlargement of the enjoying discipline for Bitcoin that often stagnates.

And do not forget that there was a step in December 2024 that individuals had checked out it – World Liberty Monetary (which is expounded to the Donald Trump household) has moved $ 10 million from CBBTC to WBTC. An indication that WBTC is taken into account extra established and trusted.

It’s fascinating that if we return in time till April 2024, DLC.Hyperlink has made a shock by launching DLCBTC. That is packed BTC that doesn’t use conventional preservators, however slightly a system based mostly on discreet log contracts and tapoot Multisig. This mannequin was first launched on Arbitrum and is appropriate for individuals who need full management over their very own BTC, with out having to ‘entrust it’ to a 3rd celebration.

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Within the meantime, from the second of the press, BTC has been coping with roughly $ 94,446.47transfer sideways within the final 24 hours and better 13.31% Within the final 30 days.

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