Threshold Network has deployed its decentralized Bitcoin wrapper tBTC on Starknet, Ethereum’s zero-knowledge-rollup scaling layer, significantly expanding Bitcoin’s utility in decentralized finance applications.
The integration leverages Starknet’s zk-rollup technology to enable faster, cheaper transactions, allowing Bitcoin holders to directly access Ethereum-based DeFi protocols. This deployment aims to increase Bitcoin liquidity within Starknet’s multi-chain ecosystem, creating opportunities for innovative financial products.
This strategic move adopts successful approaches previously seen with assets like renBTC, emphasizing decentralization and cross-chain accessibility. Threshold Network continues positioning tBTC as a permissionless wrapped Bitcoin solution across diverse blockchain environments.
The heightened on-chain activity may drive increased demand for both wrapped Bitcoin tokens and Starknet’s native STRK token as more users engage with DeFi protocols through this new integration.