Sui Unlocks Bitcoin Liquidity on Merlin Chain, Launches 5th SuiHub in Asia

Sui Unlocks Bitcoin Liquidity on Merlin Chain, Launches 5th SuiHub in Asia
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Merlin Chain, a Bitcoin Layer 2 network, has just launched M-BTC on the Sui blockchain, immediately unlocking Bitcoin liquidity across Sui’s expanding DeFi ecosystem. At the same time, Sui has announced and opened its fifth global innovation center, SuiHub Taipei, to strengthen developer access and adoption across Asia. 

These moves are unfolding together, signaling a live shift in the DeFi landscape, with Delegated Proof of Stake (DPoS) providing the foundation for Sui’s scalability, governance, and rapidly growing market impact.

Cross-Chain Bitcoin Liquidity: M-BTC Lands on Sui

Merlin Chain has integrated its wrapped Bitcoin token, M‑BTC, onto Sui’s Layer 1 network. This move unlocks lending, trading, and liquidity opportunities for Bitcoin holders without requiring conversion to other assets.

This connection brings 20% of the layer 1 network’s reported $1.43 billion TVL into the realm of Bitcoin-backed assets, showcasing rapid liquidity integration.

Importantly, Bitcoin liquidity now gains access to DeFi protocols like MMTFinance and Navi Protocol built atop Sui.

In a recent tweet, Merlin Chain stated: “Strategic collab brings M‑BTC to Sui Network, unlocking cross‑chain yield opportunities”—highlighting the expanding bedrock of cross-chain utility (coinmarketcap.com).

SuiHub Taipei: A Gateway to Asia’s Blockchain Talent

Simultaneously, Sui launched SuiHub Taipei, its fifth global innovation hub, following other centers in Dubai, Ho Chi Minh City, Athens, and Lagos.

The Taipei center provides workshops, hackathons, developer meetups, mentorship, and blockchain forums, all tailored to lower barriers to Web3 developer entry in Asia. 

The choice of Taiwan leverages its strong tech talent pool and strategic geography while tapping into supportive government and academic partnerships.

The layer 1 network’s approach remains consistent; building a resilient, globally accessible L1 network augmented by DPoS governance, with regional hubs strengthening adoption.

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Key Metrics Summary

Metric Value / Insight
Sui TVL (Total Value Locked) ~$1.43 billion, with 20% in Bitcoin-backed M‑BTC
M‑BTC Integration Date August 21, 2025
SuiHub Taipei Launch Date August 21, 2025
Sui Global Hub Count 5 (Dubai, Ho Chi Minh City, Athens, Lagos, Taipei)
Governance Model Delegated Proof of Stake (DPoS), enabling scalable consensus and regional empowerment
Developer Outreach Activities Workshops, hackathons, meetups, mentorship, blockchain forums

 

Technical Backbone: DPoS Drives Scalability and Outreach

The L1 network leverages Delegated Proof of Stake (DPoS), which partitions voting and validation among trusted delegates. This model delivers high throughput, low-latency consensus, and enables swift governance updates crucial for accommodating rapid cross-chain integrations like M‑BTC and supporting a broad DeFi ecosystem.

Using DPoS, the innovation center in Taipei can quickly onboard new developers and projects, aligning the protocol’s global architecture with localized momentum. 

The process of cross-chain bridging via M‑BTC also benefits from the layer 1 network’s fast finality and trust-light consensus under DPoS.

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Market Context and Institutional Signal

Merlin Chain recently experienced a 20 percent price surge when listed on Bithumb, a leading South Korean exchange, reflecting strong retail interest.

Moreover, Merlin Chain’s 2.0 upgrade, launched mid‑July, introduced chain abstraction and AI‑powered routing. These elements further enable seamless cross-chain interactions and optimize user efficiency.

The combined ecosystem shows strategic diversification: cross-chain liquidity via M-BTC on the layer-1 network, robust governance with DPoS, and institutional momentum through exchange listings and protocol upgrades.

Social Media Reactions Drive Market Buzz

The developments from Merlin Chain and Sui Network sparked immediate buzz across social media platforms, resonating strongly with both retail users and developer communities.

Merlin Chain posted:

The layer 1 netowkr followed with its own announcement:

These posts underscore both the technical momentum through Bitcoin liquidity integration via M-BTC and institutional outreach via the innovation hub in Taipei. Together, they reflect how Delegated Proof of Stake (DPoS)–powered platforms are enabling tangible progress across DeFi and regional ecosystem engagement.

Adoption Metrics and Institutional Uptake

  • TVL Evolution: Within weeks of M-BTC’s launch on the L1 network, Bitcoin assets accounted for one-fifth of network TVL.
  • Developer Engagement: The hub strategy, now including Taipei, expands access for developers across Asia through physical and virtual interactions.
  • Protocol Visibility: Merlin Chain’s institutional relevance is heightened by exchange listing (Bithumb) and AI-driven upgrade support.
  • DPoS Dynamics: Delegated Proof of Stake continues to offer a persuasive governance model, offering both performance and decentralization.

Strategic Implications of Sui’s BTC Liquidity, Asian Expansion

This dual momentum, combining cross-chain liquidity and regional developer hubs, positions the layer 1 network and Merlin Chain to anchor Asia’s DeFi expansion. M-BTC bridges conventional Bitcoin holders to DeFi opportunities. The latest innovation center in Taipei accelerates developer and institutional engagement in a region critical to Web3 innovation.

The adoption of DPoS reinforces agility and scalability, supporting both network growth and governance resilience.

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Conclusion

M-BTC on Sui Network and Taipei hub are the first blockchain applications to support the local currency, and this can be a huge step forward in terms of utility and local access. Bitcoin liquidity is now integrated into the DeFi ecosystem, and the crypto brand has a physical presence in Taipei, which is a bridge of local innovation in the region. 

Delegated Proof of Stake remains to be the driver of this unification-marrying technical versatility with the ability to reach mass adoption. As Asia continues to make a case in the DeFi discourse globally, Sui and Merlin Chain are well-positioned to take the lead.

Frequently Asked Questions For Merlin Chain Brings M-BTC to Sui 

What is M-BTC and why is it important?

M-BTC is Merlin Chain’s wrapped Bitcoin token now active on Sui. It enables Bitcoin liquidity to access DeFi applications on the layer-1 network, increasing utility without converting BTC.

What is SuiHub Taipei?

SuiHub Taipei is Sui Network’s fifth global innovation hub, offering developer events, mentorship, and workshops to boost Asia’s Web3 growth.

How does Delegated Proof of Stake (DPoS) matter here?

DPoS provides fast, scalable consensus and governance. It supports integration efforts like M-BTC while enabling network responsiveness and stability.

How much of Sui’s TVL is now BTC-based?

Approximately 20 percent of the layer 1 network’s $1.43 billion TVL is now associated with Bitcoin-backed M-BTC.

What broader impact could this have on Asia’s Web3 ecosystem?

These moves foster deeper integration of Bitcoin into regional DeFi, encourage developer participation via SuiHub, and elevate Asia’s role in blockchain infrastructure innovation.

Glossary of Key Terms

  • Cross-chain: Compatibility enabling assets or data to move between different blockchain networks.
  • M-BTC: A wrapped Bitcoin token launched by Merlin Chain, live on the layer-1 network.
  • TVL (Total Value Locked): Total funds deposited in DeFi protocols, measuring active liquidity.
  • Delegated Proof of Stake (DPoS): A variant of Proof of Stake where stakeholders elect delegates to validate transactions.
  • Layer 2 (L2): Protocols built atop a base blockchain for higher throughput and lower fees.
  • DeFi (Decentralized Finance): Financial services built atop blockchain protocols, offering lending, trading, and yield strategies without intermediaries.

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