Wrapped Bitcoin (WBTC) Debuts on Solana, Expands DeFi Opportunities for BTC Holders

Wrapped Bitcoin (WBTC), a tokenized version of Bitcoin designed for use on other blockchains, has officially launched on the Solana network. This marks a key milestone in Bitcoin’s integration with decentralized finance (DeFi).

WBTC Native on @solana

Welcome to the fast lane, @Bitcoin. pic.twitter.com/BVKO6pmwVq

— WBTC (@WrappedBTC) May 5, 2025

In addition, the move enhances cross-chain compatibility and expands Bitcoin’s reach across blockchain networks. It also allows BTC holders to engage directly with Solana’s fast and cost-efficient ecosystem without compromising security.

Enhancing Cross-Chain Interoperability

With WBTC now live on Solana, users can benefit from real-time execution and low transaction costs. This enables new use cases such as BTC-backed collateral, high-frequency DeFi strategies, and rapid execution on decentralized apps. Notably, this integration strengthens Bitcoin’s role in the broader DeFi landscape while expanding Solana’s asset diversity.

As a result, adding WBTC improves cross-chain asset movement and increases compatibility with various blockchain platforms. Bitcoin can now interact more easily across networks, bridging gaps in decentralized finance infrastructure.

Consequently, both the Bitcoin and Solana communities stand to benefit. BTC users gain access to efficient DeFi tools, while Solana taps into trusted BTC liquidity. This opens doors for more innovative decentralized solutions, pushing the limits of cross-chain finance.

Expanding Bitcoin’s Reach on Solana

In addition to WBTC, other tokens are helping bridge the gap between Bitcoin and Solana. Coinbase has introduced two wrapped Bitcoin assets, tBTC and cbBTC. These tokens give users more options to access Solana’s DeFi protocols and contribute to liquidity on the platform.

To maximize cbBTC’s utility, Coinbase has partnered with key Solana-based protocols. Users can now interact with cbBTC on popular DeFi platforms such as Jupiter, Kamino, Raydium, and more.

Previously, soBTC, issued through Sollet and backed by the now-defunct FTX exchange, was the primary option for using BTC on Solana. However, following the collapse of FTX and the depegging of soBTC, confidence in Solana-based BTC-pegged tokens significantly diminished.

Meanwhile, Zest Protocol has launched BTCz, a new yield-generating token built on Bitcoin. BTCz enables users to stake their Bitcoin directly on-chain to earn yield. It offers a fresh avenue for BTC holders to generate passive income through decentralized finance.

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