- Solana now offers native integration of Wrapped Bitcoin, eliminating the need for bridges and providing faster access to DeFi.
- Joining the likes of Sui and Unichain, Solana expands the flexibility of the Wrapped Bitcoin ecosystem.
Wrapped Bitcoin (WBTC) has officially made its way onto the Solana network without the requirement of a bridge. This development signifies more than just the introduction of “new Bitcoin.” Solana now serves as the direct platform for WBTC, which was previously exclusive to Ethereum.
This new integration allows for Bitcoin liquidity to be utilized within the Solana ecosystem seamlessly. Imagine holding BTC and exploring high-speed DeFi applications on Solana without any hindrances. It’s like owning a powerful motorcycle and cruising on a highway without any traffic or tolls.
WBTC Native on @solana
Welcome to the fast lane, @Bitcoin. pic.twitter.com/BVKO6pmwVq
— WBTC (@WrappedBTC) May 5, 2025
Despite remaining pegged 1:1 to Bitcoin and backed by actual BTC reserves, WBTC can now be directly utilized for providing liquidity, borrowing, lending, buying, and selling tokens within various dApps on Solana. Previously, such transactions required a cross-chain bridge, which could be cumbersome. The new process is streamlined and faster.
Interestingly, WBTC is not the only player offering wrapped Bitcoin on Solana. Coinbase introduced cbBTC, while 21.co launched 21BTC, known for its speed and bridge-free transactions. Additionally, Zeus Network promotes zBTC, offering a more open approach without additional permissions required. Solana is now a bustling marketplace for wrapped BTC options.
Expansion of Wrapped BTC Across Different Platforms
On April 29, 2025, Kraken introduced Kraken Wrapped Bitcoin (kBTC) on Unichain, a Layer 2 platform developed by Uniswap Labs on Ethereum.
Kraken’s kBTC stands out as it is directly backed by Bitcoin stored securely at Kraken Financial, an established financial institution in Wyoming. They provide verifiable on-chain reserves, ensuring transparency and reliability.
Moreover, BitGo expanded the reach of WBTC to the Sui network on February 4, 2025. Through the Sui Bridge, users can transfer WBTC from Ethereum to Sui and engage in the BTCfi ecosystem, enhancing the utility of Bitcoin.
In December 2024, World Liberty Financial, associated with Donald Trump’s family, transferred $10 million from cbBTC to WBTC, indicating growing trust and establishment of WBTC.
In a surprising move in April 2024, DLC.Link launched dlcBTC, a wrapped BTC solution based on Discreet Log Contracts and Taproot multisig, offering full control without traditional custodians. Initially introduced on Arbitrum, this model appeals to individuals seeking autonomy over their BTC holdings.
As of the current market update, BTC is trading at approximately $94,446.47, maintaining a sideways trend in the last 24 hours and witnessing a 13.31% increase in the past 30 days.