Monad will access more than $5 billion of cbBTC to lend, trade, and for Bitcoin-based DeFi products.
Chainlink has enabled Coinbase Wrapped BTC (cbBTC) to move from Base to Monad through its CCIP infrastructure, opening a new route for Bitcoin-backed liquidity in DeFi. The integration will give Monad-based decentralized finance applications access to the liquidity of the Bitcoin-backed funds within the Coinbase wrapped asset.
The launch links one of the biggest wrapped Bitcoin assets to a high-performance EVM network. cbBTC is fully secured by Bitcoin in custody, and over $5 billion of the asset is already circulating across multiple blockchain systems. The integration allows users to deploy cbBTC in a wider range of on-chain financial products.
This setup expands the use of cbBTC beyond its existing activity on Ethereum, Base, Solana, and Arbitrum. Monad developers can now build products that use Bitcoin-backed capital as a base asset for lending, borrowing, trading, and structured finance. That gives the network a new source of liquidity as it grows its DeFi footprint.
Early adoption has already started within the Monad ecosystem. Curvance and Neverland are among the first platforms preparing cbBTC markets on the network. Their participation shows that demand for Bitcoin-backed activity on Monad is already taking shape as infrastructure becomes available.
This week, Chainlink added 16 new integrations across six services and five blockchains, including Arc, Canton Network, DogeOS Chikyu, MegaETH, and World Chain. We reported that the expansion extended Chainlink’s reach across products such as Data Feeds, CCIP, VRF, Automation, and Functions.
The integration gives developers more room to create BTC-denominated financial tools on Monad. These include spot trading venues, lending pools, automated routing systems, vaults, derivatives, and other products built around Bitcoin exposure.
Chainlink’s CCIP has already supported more than $28 trillion in on-chain transaction value, giving developers a standard framework for secure cross-chain transfers.
For Coinbase, the move expands the utility of cbBTC while linking its custody-backed Bitcoin product to another emerging DeFi network. That gives users more options to borrow, earn yield, and trade with Bitcoin-backed assets while keeping exposure to BTC.
Some existing cbBTC strategies in DeFi already offer yields of up to 3%, and Monad now joins the list of ecosystems where similar products can develop.
Monad also gains a direct connection to a large pool of Bitcoin-backed capital. The network targets up to 10,000 transactions per second and sub-second finality, making it suitable for applications that require speed.
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