tBTC July 2025: Strategic Growth Through Market-Driven Development

July marked significant progress for Threshold Network and tBTC, with total value locked reaching $696 million and successful expansion to Sui Network. These metrics reflect broader developments in our mission to provide trust-minimized Bitcoin infrastructure for DeFi.

Sui Network Launch: Meeting Market Demand

Within 30 days of launching on Sui, 64.44 tBTC has been deployed across the ecosystem. This adoption rate demonstrates clear market demand for trust-minimized Bitcoin on high-performance chains.

The integration with AlphaFi introduced single-asset looping functionality for Bitcoin on Sui - a technical capability that simplifies user experience while maintaining efficiency. Users can now access 9.71% APR through automated looping strategies in a single vault, reducing complexity and gas costs compared to multi-step processes.

Bluefin is generating 21%+ APR on tBTC liquidity strategies, while AlphaLend offers 18.56% supply rates. These opportunities, combined with strong utilization metrics, indicate that Sui ecosystem participants value having access to decentralized Bitcoin infrastructure.

Campaign Extensions Based on Performance Data

Three major incentive programs received extensions in July, each decision driven by specific utilization metrics:

The Mezo Network program, distributing $80,000 in tBTC rewards, will continue through August 31. This program maintains essential liquidity depth on Ethereum L1, which serves as the foundation for cross-chain operations. The extension reflects strong participation rates and strategic importance.

Gearbox Protocol's Re7 Pool maintains 4.91% APY with 62.87% utilization. The extension through August 31 recognizes institutional demand for strategies without liquidation risk - a specific market segment that values capital preservation alongside returns.

Bucket Protocol earned an extension through August 20 based on tBTC's dominant position in BUCK stablecoin minting. When users consistently choose specific collateral for stablecoin generation, it indicates both technical reliability and market confidence.

Infrastructure Growth and Strategic Integrations

OKX Wallet integrated tBTC on August 7, launching with 13.99% APR and accumulating $5M TVL within the first week. This rapid adoption from a major platform validates the demand for decentralized Bitcoin access.

Asymmetry Finance now accepts tBTC as collateral for sUSDAf borrowing at 3.39% APR. The selection of tBTC among multiple Bitcoin representations reflects growing recognition of our security model and technical architecture.

Curve Finance continues processing substantial volume through the tBTC/cbBTC pool - $2.9M daily with minimal slippage even on million-dollar transactions. This liquidity depth enables institutional-size operations without market impact.

July Events: Building Ecosystem Relationships

The Ethereum Community Conference (EthCC) took place in Cannes from July 3-5. Threshold co-founder Callan "Sap" Sarre attended to engage with protocol teams and explore integration opportunities. These direct conversations with builders and developers help identify technical requirements and partnership possibilities that shape our roadmap.

On July 11, CEO Maclane Wilkison participated in a Bitcoin.com News podcast, providing detailed insights into our Sui integration strategy and technical architecture. This media engagement helps communicate our approach to trust-minimized infrastructure to broader audiences. Check it out here.

Strengthening the Team

July brought two strategic additions to Threshold Labs. Jem Salvio joined as Social Media Manager, bringing expertise in digital communications and community engagement. This role becomes increasingly important as we translate technical achievements into accessible narratives for diverse audiences.

José Orlicki joined the engineering team, adding development capacity for our growing integration pipeline. As demand for tBTC implementations across chains increases, engineering bandwidth directly impacts our ability to deliver.

Technical Differentiation in Practice

The single-asset looping vault represents a unique capability enabled by tBTC's technical architecture. Single-asset looping allows users to deposit tBTC, borrow more tBTC against it, and re-deposit in a continuous loop - all within one vault. This strategy amplifies exposure while maintaining the same asset throughout.

Why can tBTC enable this while other Bitcoin representations  cannot? The answer lies in protocol integration depth. AlphaFi can create looping strategies with tBTC because our protocol allows deep composability with lending markets. tBTC's standardized implementation across Sui protocols means AlphaLend can accept tBTC deposits, enable tBTC borrowing and integrate seamlessly with AlphaFi's vault architecture. 

tBTC’s technical foundation extends beyond looping strategies. Our 51-of-100 threshold signature model provides the security guarantees that protocols require for deep integration. With $3.6 billion in cumulative volume since 2020 and zero custody failures, protocols can build sophisticated products on tBTC knowing the underlying infrastructure is battle-tested.

Sustainable Growth Considerations

Current APR levels across various protocols reflect market conditions and incentive programs. As these programs conclude, rates will naturally adjust to sustainable levels. We monitor these transitions carefully, ensuring that core infrastructure remains robust regardless of short-term incentive structures.

The $696 million TVL represents trust from 3,911 holders who value decentralized infrastructure. Each holder represents a conscious choice to prioritize security and decentralization over potentially higher returns available through centralized alternatives.

August and Beyond

Threshold Labs will be attending Bitcoin Asia in August, which will provide another opportunity to platform tBTC and engage directly in the ecosystem. The team will be in Hong Kong, continuing the relationship-building approach that has driven our integration success.

Our recent strategic article, "Setting the Bitcoin Standard: What's Next for Threshold Network and tBTC," provides comprehensive context for these developments and our longer-term vision.

July's achievements reinforce that market demand exists for truly decentralized Bitcoin infrastructure. By focusing on technical excellence and responding to actual user needs, we continue building the foundation for Bitcoin's role in DeFi.

Explore tBTC opportunities at threshold.network

Disclaimer: The information provided is for educational purposes only and does not constitute financial, investment, or legal advice. Investing in cryptocurrency and digital assets involves a high degree of risk. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions.