Cryptocurrency retaking is possible with SatLayer connectivity.

SatLayer, a Bitcoin restaking system, announced Wednesday it’s extending Bitcoin’s usage in decentralized funding to Sui, the quick layer-1 bitcoin launched last month.

With Sui’s emphasis on strong purchase speeds, SatLayer’s integration will allow developers to leverage Bitcoin’s$ 2.1 trillion footprint in building DeFi applications, which aim to eliminate third parties from transactions in areas like trading and lending, SatLayer said in a statement.

Sui’s system is now home to a budding DeFi habitat. In 2024, 150 full-time engineers worked on Sui, according to a new report from walk strong Electric Capital. &nbsp,

Looking to give greater freedom, Sui Foundation’s International Head of Ecosystem, Jameel Khalfan, told SatLayer’s launch could enhance the set of tools developers have at their disposal.

Developers and users have new options to create on Bitcoin thanks to the combination of Sui’s speed and flexibility with Bitcoin’s size and security, he said.

Engineers can secure decentralized programs with Bitcoin on the layer-1 thanks to SatLayer’s connectivity with Sui, but SatLayer itself is deployed on Babylon. By giving users a supply for locking up their Bitcoin, Baccarat aims to provide protection to proof-of-stakes networks. &nbsp,

Last month, SatLayer unveiled an “alliance” with Babylon Labs, positioning its restaking program as a way to expand Babylon’s usage in providing safety, with a focus on distributed applications and infrastructure, such as bridges, as opposed to merely proof-of-stake networks.

The project also said that SatLayer’s integration with Babylon brings “fully programmable slashing” to the staking protocol. Slashing is used in restaking platforms like SatLayer to describe the penalties validators must pay for deceitful or malicious behavior. &nbsp,

The design of Babylon resembles a two-sided marketplace where users can lock up their Bitcoin in exchange for rewards while proof-of-stakes networks use that capital to provide security.

According to a dashboard created by Babylon Labs, 57, 300 BTC worth$ 6 billion has been committed to Babylon Chain so far, despite the project still in its early stages.

Restaking, an Ethereum-centric protocol that effectively allows users to rehypothecate their staked Ethereum in order to increase yield elsewhere, was popularized by EigenLayer last year. In this sense, SatLayer parallels EigenLayer’s primary use case while focusing on Bitcoin. &nbsp,

Earlier this month, Binance said it would support Babylon staking through its” On-chain Yields” product. Falling under the umbrella of Binance Earn, the company noted that supported protocols are varied, describing On-chain Yields as a high-risk product.

According to CryptoRank data, Babylon raised$ 70 million in a May funding round led by the venture capital firm Paradigm, which saw Galaxy participate. Franklin Templeton was a participant in the funding round for SatLayer that raised$ 8 million in August.