LayerZero integration expands wrapped Bitcoin liquidity to nearly 15,000 decentralized apps
Decentralized finance protocol Build on Bitcoin (BOB) has launched a new gateway enabling direct transfers of native Bitcoin across 11 major blockchains. The system connects Bitcoin to LayerZero’s wrapped BTC standard, wBTC.OFT, offering users one-click access to nearly 15,000 decentralized applications without complex bridging.
Breaking down the BOB Gateway
The BOB Gateway links native Bitcoin to BitGo’s wrapped Bitcoin asset through LayerZero’s omnichain fungible token (OFT) framework. Supported chains include Ethereum, Avalanche, Base, Optimism, Sei, and others, creating one of the broadest cross-chain BTC integrations to date.
Until now, accessing Bitcoin liquidity in DeFi often required multi-step bridging processes that introduced technical hurdles and security risks. With BOB’s new system, Bitcoin holders can convert into wBTC.OFT seamlessly, opening new opportunities for lending, borrowing, and trading strategies.
Expert insights
Alexei Zamyatin, co-founder of BOB, emphasized that the update “makes wBTC.OFT instantly accessible across supported blockchains.” LayerZero’s Simon Baksys added that the integration increases utility for “one of the most trusted assets in crypto.”
Analysts suggest that easier access to native Bitcoin liquidity could deepen adoption of strategies like yield farming and looping, which are key pillars of decentralized lending and liquidity markets. “Lowering barriers for Bitcoin to enter DeFi could unlock billions in idle capital,” one market strategist noted.
The integration is already significant in scale. According to the companies, over $2.3 billion worth of wBTC.OFT has been bridged through 67,000 transfers across LayerZero’s network. The addition of native BTC inflows could amplify that figure as institutional and retail users seek to deploy Bitcoin in DeFi markets.
By bridging Bitcoin into DeFi ecosystems, BOB Gateway positions BTC as a more active player in decentralized finance. With 11 major blockchains now connected, the rollout has the potential to increase overall market liquidity, strengthen collateral options, and drive further maturity in the DeFi sector.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.