Monad Gains Bitcoin Liquidity as Chainlink Enables cbBTC Bridge from Base

Chainlink has successfully enabled the transfer of Coinbase’s wrapped Bitcoin token, cbBTC, from the Base network to the Monad blockchain using its Cross-Chain Interoperability Protocol (CCIP). This integration introduces over $5 billion worth of cbBTC into the Monad DeFi ecosystem, where applications like Curvance and Neverland are adopting cbBTC markets for lending and borrowing. Monad, an EVM-compatible layer-1 blockchain designed for high-throughput trading, touts up to 10,000 transactions per second and sub-second finality. Chainlink Labs emphasized that CCIP was built with multi-layered validation to ensure consistent 1:1 backing and reduce cross-chain risks as Bitcoin-backed assets scale. The move addresses the historical constraint of Bitcoin's proof-of-work design limiting native yield generation by bringing wrapped, yield-generating opportunities to Monad users.

(Source：Cointelegraph)