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Solana Boosts Bitcoin’s DeFi Utility with High-Speed, Low-Cost Blockchain
Bitcoin and Solana Integration
- Solana's blockchain offers high-speed, low-cost transactions for Bitcoin, enhancing BTC's use in DeFi with instant settlement and programmable features.
- 66% of wrapped Bitcoin (wBTC) traders operate on Solana, benefiting from its speed and reduced transaction fees compared to Bitcoin and Ethereum networks.
- Solana handles up to 65,000 transactions per second, making it capable of supporting BTC at scale without congestion.
Benefits of Bitcoin on Solana
- BTC becomes a programmable asset within Solana's DeFi ecosystem, enabling trading, lending, and acting as collateral.
- Integration with DeFi protocols like Jupiter, Raydium, and Orca enhances BTC's utility.
- Secure custody solutions such as tBTC and Wormhole BTC are available, increasing BTC's security on the network.
Stablecoin Integration and Institutional Interest
- Bitcoin on Solana pairs with stablecoins like USDC, facilitating volume across chains.
- Institutional interest is growing, with Solana becoming a hub for ETFs and other financial products.
Earning Bitcoin Through mSOL
- A partnership between Marinade and Zeus Network allows users to earn native BTC using Marinade's liquid staked SOL token, mSOL.
- This collaboration marks a significant advancement in cross-chain innovation and expands opportunities in DeFi.
