Sui implements Bitcoin re-mortgage through integration with SatLayer

The Bitcoin re-pledging platform SatLayer announced on Wednesday that it will extend the use of Bitcoin in decentralized finance to the fast first-layer blockchain Sui, which was launched last year. In a statement, SatLayer said that because Sui focuses on fast transaction speeds, SatLayer's integration will enable developers to leverage Bitcoin's $2.1 trillion market size to build DeFi applications. These applications aim to exclude third parties from transactions and lending in various fields.