Glue Network has announced the integration of Avalanche's BTC.b as its default representation of Bitcoin, enhancing liquidity and accessibility within its decentralized finance ecosystem.

This integration aims to provide faster and cheaper Bitcoin transactions, attracting Bitcoin holders to DeFi opportunities while supporting Glue's goal of offering centralized exchange features in a decentralized setting.

BTC.b is a trustless implementation of Bitcoin developed by the Avalanche Foundation, designed to simplify user access to Bitcoin in the DeFi space.

The integration utilizes LayerZero's Omnichain Fungible Token (OFT) standard, enabling seamless cross-chain transfers of BTC.b between Avalanche and Glue's networks, eliminating complex bridging processes.

This collaboration with Avalanche and LayerZero is part of Glue's broader strategy to simplify cryptocurrency access by providing vetted, reliable default versions of popular cryptocurrencies.

Glue Network aims to bridge the gap between centralized and decentralized finance by combining a Layer 1 blockchain with multiple Layer 2 solutions and a user-friendly interface.

Glue's expanding technology partnerships include LayerZero for cross-chain interoperability, WarpGate for GameFi innovations, Banxa for fiat on-ramping, and Ironblocks' Venn Security Network for fraud defense.

The Glue Hub enables users to leverage their BTC.b holdings for various DeFi activities, including lending, borrowing, providing liquidity, yield farming, and decentralized trading.

Matthew Schmenk from Ava Labs highlighted that Glue's integration of BTC.b expands the utility of Bitcoin, which has a market value exceeding a trillion dollars.

Bryan Pellegrino, co-founder and CEO of LayerZero Labs, praised the integration as a forward-thinking innovation that addresses challenges in crypto adoption.

Ogle, co-founder of Glue Network, stated that this integration will enable faster and cheaper Bitcoin transactions, attracting more Bitcoin holders to explore DeFi opportunities.

Overall, this integration not only increases liquidity for Bitcoin in the DeFi space but also positions Glue for future Bitcoin-related enhancements and partnerships.