OKX CEO: xBTC Surpasses 875 Tokens Minted on Sui as DeFi Plans Expand

OKX confirmed that xBTC has minted 875 tokens on Sui, with plans to launch on X Layer and expand through new DeFi partnerships, offering reported APYs up to 77%.

BTC
SUI

Summary

In an official announcement, OKX CEO Star confirmed that xBTC has minted 875 tokens on the Sui blockchain, positioning the project as a gateway to unlock Bitcoin liquidity on-chain. The company stated that xBTC will also launch on X Layer in collaboration with leading DeFi partners. Community reports noted liquidity provider APYs of up to 77% for designated xBTC pools. Star emphasized that this initiative is only the beginning, with further partnerships expected.

Terms & Concepts
  • xBTC: A token minted to release Bitcoin liquidity on-chain, with availability on Sui and planned launch on X Layer.
  • Sui blockchain: The blockchain platform where xBTC has minted 875 tokens, according to OKX.
  • X Layer: A blockchain network where xBTC is expected to launch with DeFi partners.