Bitcoin’s New Best Friend: Meet xBTC on Aptos! 🎉

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Gather ’round, dear readers, for a tale of wonder and whimsy! OKX, that jolly giant of blockchain wizardry, has just unveiled a shiny new toy: xBTC! Yes, you heard it right! A wrapped version of Bitcoin (BTC) is now frolicking on the Aptos blockchain, ready to make your crypto dreams come true! 🎈

In a delightful little press release sent to the ever-curious CryptoPotato, it was revealed that Aptos users can now access this magical wrapped BTC without a single minting or redemption fee! How splendid is that? It’s like finding a golden ticket in your chocolate bar! 🍫

OKX Unveils xBTC on Aptos

Now, hold onto your hats! xBTC is backed 1:1 by the real McCoy—bitcoins safely tucked away in OKX’s treasure chest. Starting May 22, Aptos users can mint their very own xBTC, deposit it, or whisk it away to the blockchain. And guess what? They can use this shiny asset across a whole host of Aptos-native decentralized finance (DeFi) applications, from trading to lending. It’s like a playground for grown-ups! 🛝

This marvelous development unlocks a treasure trove of utilities for Bitcoin and Aptos DeFi, as BTC remains the king of the crypto castle! 👑

The Aptos Foundation, a merry band dedicated to nurturing the Aptos chain, has revealed that their DeFi ecosystem is bursting at the seams with over $1 billion in total value locked (TVL). Just look at Echo protocol’s aBTC, strutting around with over $270 million in TVL! It’s like a crypto fashion show, darling! 💃

The foundation is positively giddy with excitement, believing that xBTC will sprinkle more liquidity, cross-chain interoperability, and access to DeFi protocols throughout the Aptos ecosystem. It’s a party, and everyone’s invited! 🎊

Ash Pampati, the Head of Ecosystem at Aptos Foundation, chimed in with a flourish: “Aptos was built for real-world open finance applications, and Bitcoin is the linchpin between traditional and decentralized finance markets. Being one of the first blockchains to support xBTC is a testament to the network’s high performance, security, and scalability. This opens up new avenues for liquidity and ecosystem growth while giving developers the confidence and tools to seize them.”

OKX to Launch Special Campaign for xBTC

But wait, there’s more! OKX is gearing up for a special campaign for xBTC on May 23, preparing for deeper integrations across the Aptos ecosystem in the weeks to come. They’re teaming up with the fabulous Echo Protocol, the daring decentralized margin trading chain Aries Markets, and the adventurous decentralized map ecosystem Hyperion for this grand affair! 🎉

“Delivering seamless usability and access to on-chain use cases is core to what we’ve been building at OKX. By bringing xBTC to Aptos, we are keen to see Bitcoin holders put their BTC to work in fast, low-cost DeFi applications while enjoying the security and transparency they’ve come to expect from us,” said OKX chief innovation officer Jason Lau, with a twinkle in his eye.

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2025-05-23 10:01