The Aptos blockchain has welcomed a brand new wrapped Bitcoin asset as OKX launches xBTC – a 1:1 Bitcoin-backed token designed to bridge BTC liquidity into its rising decentralized finance ecosystem. This strategic transfer comes as Bitcoin maintains its $111,000 worth degree , with builders searching for new utility for the dominant cryptocurrency.
Beginning Might 22, customers can mint and redeem xBTC immediately by means of OKX’s platform with out charges, then deploy the asset throughout Aptos-native DeFi protocols. The combination positions Aptos as a severe contender within the Bitcoin DeFi (BTCfi) house, which has seen explosive development throughout a number of blockchain networks in 2025.
Aptos Basis studies its ecosystem now holds over $1 billion in complete worth locked (TVL), with wrapped Bitcoin belongings accounting for almost 35% of that determine. The community’s current BTCfi protocols like Echo Protocol’s aBTC already command $270 million in TVL alone .
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OKX’s Strategic Play in Cross-Chain Finance
The Seychelles-based trade big has positioned xBTC as a cornerstone of its multi-chain enlargement technique. OKX Chief Innovation Officer Jason Lau emphasised their imaginative and prescient to “develop BTC’s utility throughout on-chain ecosystems” by means of safe, institution-grade wrapped belongings .
Key options of xBTC embrace:
- Month-to-month Proof-of-Reserve audits printed for transparency
- Chilly storage of collateral by means of OKX custodial providers
- Direct minting/redeeming on Aptos with out middleman wrappers
Aptos Emerges as Bitcoin DeFi Hub
Constructed utilizing Transfer programming language, Aptos has attracted $1.5 billion in stablecoin liquidity that xBTC holders can now entry. The community’s 30,000+ TPS capability and sub-second finality make it significantly suited to high-frequency DeFi operations .
Aptos Basis’s Head of Ecosystem Ash Pampati famous: “Being one of many first blockchains to assist xBTC validates our community’s efficiency and safety structure. This integration creates new liquidity channels between conventional and decentralized finance markets” .
Bitcoin’s Evolving Function in DeFi
The xBTC launch coincides with Bitcoin’s renewed institutional curiosity, as evidenced by OKX reporting 42% development in BTC collateralized merchandise year-to-date. Market analysts recommend wrapped Bitcoin belongings might seize 15-20% of BTC’s circulating provide by 2026.
Present BTCfi panorama on Aptos:
| Asset | Protocol | TVL |
|---|---|---|
| xBTC | OKX | $TBD |
| aBTC | Echo Protocol | $270M |
| sBTC | Stakestone | $90M |
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The xBTC integration considerably enhances Aptos’ place within the aggressive layer-1 panorama whereas offering Bitcoin holders new yield alternatives. As DeFi continues absorbing Bitcoin liquidity, infrastructure initiatives providing safe bridging options like OKX’s xBTC are poised to seize substantial market share.
- xBTC
- A wrapped Bitcoin token 1:1 collateralized by BTC reserves held in OKX custody, enabling Bitcoin use in non-native blockchain ecosystems.
- TVL (Complete Worth Locked)
- A metric measuring the whole belongings deposited in a DeFi protocol or blockchain ecosystem, usually used to gauge community exercise and adoption.
- Proof of Reserves
- An auditing technique the place custodians publicly confirm they maintain adequate collateral to again all issued tokens.
- BTCfi
- Decentralized monetary purposes and providers constructed round Bitcoin or Bitcoin-backed belongings.
This text is for informational functions solely and doesn’t represent monetary recommendation. Please conduct your personal analysis earlier than making any funding choices.
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