SUI Network launches Hashi testnet to expand Bitcoin DeFi
Crypto Briefing 2026-07-23 12:08:30
Context: The SUI Network has launched its Hashi testnet, a development aimed at expanding Bitcoin's presence in decentralized finance (DeFi). This launch enables native Bitcoin (BTC) to be used as programmable collateral for lending and borrowing in DeFi applications. The Hashi testnet is supported by over 25 partners.
Key Facts
- The SUI Network's Hashi testnet allows native Bitcoin (BTC) to be utilized as programmable collateral for DeFi lending and borrowing, marking a significant expansion of Bitcoin's capabilities in decentralized finance.
- The launch of the Hashi testnet is backed by over 25 partners, indicating substantial industry support for the SUI Network's efforts to integrate Bitcoin with DeFi applications.
- The Hashi testnet is a test network, suggesting that the SUI Network is in the process of refining and testing its technology before a full-scale rollout, a common practice in blockchain development.