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Market
What will be the TVL in sBTC on Aptos Network by end of 2024?
2
Resolution / Starting Odds
Less than $10 million • 25%
$10 million to $50 million • 25%
$50 million to $100 million • 25%
More than $100 million • 25%
DeFi tracking platforms like DeFi Pulse or DappRadar
Story
Bitcoin Stacks L2 Integrates with Aptos Network, Enhances sBTC with Nakamoto Upgrade
Sep 17, 2024, 01:31 PM
Bitcoin Stacks Layer 2 protocol has integrated with the Aptos Network, allowing Bitcoin-backed tokens (sBTC) to be used in various decentralized applications on Aptos' Layer 1 blockchain. This integration enables secure movement of Bitcoin onto Aptos' blockchain, enhancing Bitcoin's utility beyond a store of value. The integration is expected to accelerate Bitcoin adoption across multiple chains, enabling trustless and non-custodial transfers of Bitcoin between the Bitcoin Layer 1 network and Stacks Layer 2 with sBTC. The Nakamoto upgrade will further enhance these capabilities. An Aptos executive noted that this development makes Bitcoin highly capable in the DeFi space.
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