Sui is increasingly becoming the Bitcoin liquidity capital of crypto. Today, LBTC, the first institutional-grade liquid-staked Bitcoin, is now available on Sui, unlocking new opportunities for institutional and retail holders looking to engage with Bitcoin in a capital-efficient, high-performance environment.
Building on a partnership with Lombard first unveiled last year, users can now access Lombard’s LBTC on Sui, across leading protocols including Aftermath, Bluefin, Cetus, NAVI, Suilend, and Turbos, enabling them to:
- Stake native BTC to mint LBTC directly on Sui, providing users with liquidity without having to sell Bitcoin.
- Lend and borrow LBTC to earn yield or use it as collateral
- Trade LBTC on Sui’s leading decentralized exchanges and provide liquidity to LBTC trading pairs to earn yield.
- Enjoy additional yield incentives for LBTC deposits on Sui
This integration is the latest milestone in Sui’s push to lead in Bitcoin DeFi (BTCfi) and further underscores Sui’s position as the only blockchain built for mass adoption, designed from the ground up for scale, speed, and security. Its object-based architecture enables parallel transaction execution, low fees, and seamless composability – key advantages that make it the ideal blockchain for this surging sector.
“Sui's high-performance architecture is uniquely suited for capital-efficient Bitcoin DeFi, and the integration of LBTC further underscores Sui’s push to aggressively grow this promising sector on the network,” said Mysten Labs Co-founder and CEO, Evan Cheng. “This integration is a significant step forward as Sui continues building a robust ecosystem where Bitcoin holders can put their assets to work without friction.”
"We are delighted to bring Bitcoin liquidity to Sui in collaboration with Babylon Labs and Cubist,” said Jacob Phillips, Co-Founder of Lombard. “Bitcoin’s $1.8 trillion market capitalization represents immense untapped potential. Together, we are building a future where Bitcoin holders can fully participate in the next generation of on-chain finance without compromising security or liquidity."
Lombard has already demonstrated the demand for LBTC on Ethereum-based networks, with LBTC’s market cap growing to nearly $2 billion in just six months. Over half of LBTC’s supply is actively deployed on leading DeFi protocols, signaling surging adoption of these products. Now, with Sui’s industry-leading transaction speeds and composability, LBTC holders can put their assets to work on crypto’s most efficient platform, home to a flourishing DeFi ecosystem that has seen total DEX volume recently surpass $67 billion and 30-day volume stand at 6th amongst all blockchains.
Lombard’s integration with Sui highlights the accelerating growth of BTCfi and the critical role of Bitcoin liquidity in DeFi. With LBTC now live, Sui offers an advantageous environment for Bitcoin holders to engage in lending, trading, and staking.
LBTC on Sui is also easy to access from day one, with full support for Sui Wallet, OKX Wallet, and Phantom Wallet. DeFi integrations are made possible with a LBTC/USD price feed by RedStone Oracles.
