{"id":76954,"date":"2026-08-18T10:24:45","date_gmt":"2026-08-18T10:24:45","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/suis-hashi-bridge-tops-1-1-million-bitcoin-deposits-in-3-weeks\/"},"modified":"2026-08-18T10:24:45","modified_gmt":"2026-08-18T10:24:45","slug":"suis-hashi-bridge-tops-1-1-million-bitcoin-deposits-in-3-weeks","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/suis-hashi-bridge-tops-1-1-million-bitcoin-deposits-in-3-weeks\/","title":{"rendered":"Sui&#8217;s Hashi Bridge Tops 1.1 Million Bitcoin Deposits in 3 Weeks"},"content":{"rendered":"<p><b>(Originally posted on : Bitcoin News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"@container mb-[25px] rounded-sm overflow-clip py-0.5 pr-0.5 pl-2.5 bg-success-100\">\n<div class=\"flex flex-col gap-m overflow-clip rounded-[6px] !bg-success-10 p-3 @[420px]:p-m\">\n<h2 class=\"m-0 flex items-center gap-s text-[19px] !text-[#1c1c1c] md:text-[20px]\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"16\" height=\"10\" viewbox=\"0 0 16 10\" fill=\"none\" class=\"shrink-0 text-success-100\" aria-hidden=\"true\"><path d=\"M1 1.5h14\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><path d=\"M1 8.5h10\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><\/svg><span>Key Takeaways<\/span><\/h2>\n<ul class=\"m-0 flex list-none flex-col gap-m pl-0\">\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Sui\u2019s Hashi testnet processed 1.1 million bitcoin deposits and 165,000 withdrawals as of last week.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Over 25 institutions, including Bitgo and Cumberland, are stress-testing Hashi\u2019s BTC collateral system.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Hashi\u2019s Guardian Layer must clear security reviews before any 2026 mainnet transition begins.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<h2>Deposit Volume Climbs in Testnet\u2019s First Weeks<\/h2>\n<p>Onchain analysts have reported that activity on Sui\u2019s Hashi testnet has been brisk since the <a href=\"https:\/\/news.bitcoin.com\/sui-hashi-testnet-bitcoin-collateral-defi\/\">testnet went live<\/a> on July 22, with cumulative deposits surpassing 1.1 million and <a href=\"https:\/\/x.com\/oliviasky0x\/status\/2087375183183241703\" target=\"_blank\" rel=\"noopener noreferrer\">withdrawals topping 165,000<\/a> in just three weeks.<\/p>\n<p><\/p>\n<p>The pace seems to be indicative of early retail and institutional appetite for bringing native bitcoin onto Sui without wrapping the asset into a synthetic token, a model that has drawn scrutiny on other chains after repeated <a href=\"https:\/\/news.bitcoin.com\/peckshield-hedera-exploit-5-25-million-bridged-ethereum\/\">bridge exploits drained hundreds of millions<\/a> of dollars from custodial designs in recent years.<\/p>\n<p>Hashi was first introduced by the Sui Foundation in March 2026 as a decentralized primitive built to let bitcoin (BTC) function as collateral in onchain lending and credit markets. The project moved through a private devnet phase before opening the current public testnet, giving developers access to software development kits (SDKs) and integration guides ahead of an eventual mainnet rollout.<\/p>\n<p>Numbers-wise, it bears mentioning that bitcoin-linked decentralized finance (DeFi) has had a rough 2026 with layer-2 BTCFi <a href=\"https:\/\/www.spark.money\/research\/btcfi-bitcoin-defi-landscape-2026\" target=\"_blank\" rel=\"noopener noreferrer\">TVL falling roughly 74%<\/a> from its 2025 highs to about 91,000 BTC by mid-year. Hashi\u2019s pitch of keeping BTC on its native chain rather than wrapping it is a direct response to that skepticism, and the early deposit and withdrawal counts give Sui a data point to argue the approach is finding an audience despite the broader pullback.<\/p>\n<h2>How Hashi Keeps Bitcoin Native<\/h2>\n<p>Unlike conventional wrapped-asset bridges, Hashi does not move bitcoin off the Bitcoin network. Instead, users deposit native BTC, Sui validators confirm the transaction, and the protocol mints hBTC, a representative token that can be used as programmable collateral for institutional lending and stablecoin borrowing while the underlying bitcoin stays put on its own chain.<\/p>\n<p>Security rests on a layered design where deposits are secured by a 2-of-2 multisig requiring signatures from the protocol\u2019s multi-party computation (MPC) validators, a cryptographic setup in which no single party ever holds a complete private key.<\/p>\n<p>Lastly, withdrawals pass through a Guardian Layer, a configurable risk-management system that functions as a circuit breaker, reviewing large withdrawal requests against preset thresholds before they clear. In sum, the design structure attempts to avoid the single points of failure that left older cross-chain bridges vulnerable to exploits.<\/p>\n<h2>Institutional Backers Line Up Behind the Protocol<\/h2>\n<p>More than 25 institutions are <a href=\"https:\/\/www.sui.io\/blog\/hashi-global-coalition-expands\" target=\"_blank\" rel=\"noopener noreferrer\">currently stress-testing the system<\/a>, including custody and trading heavyweights Bitgo and Cumberland alongside Swissborg, Fluid and Ledger. Their participation spans trading desks, custody infrastructure and wealth platforms, signaling demand for compliant, non-custodial ways to put idle bitcoin to work in DeFi without taking on the counterparty risk that has dogged earlier wrapped-bitcoin bridges.<\/p>\n<p>The protocol\u2019s revenue model leans on interest-rate spreads between what depositors earn and what borrowers pay for bitcoin-backed loans, rather than relying on inflationary token emissions to bootstrap activity.<\/p>\n<p>That structure mirrors how traditional lending desks price credit, an approach Sui\u2019s backers argue will hold up better once testnet incentives disappear and real capital is on the line.<\/p>\n<p>If Hashi can eventually capture even a small share of the $1.4 trillion bitcoin market for onchain lending, it would represent one of the more significant crossovers between Bitcoin\u2019s balance sheet and a non-Bitcoin DeFi ecosystem so far.<\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/news.bitcoin.com\/crypto-news\/sui-hashi-bitcoin-bridge-1-1-million-deposits\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) Key Takeaways Sui\u2019s Hashi testnet processed 1.1 million bitcoin deposits and 165,000 withdrawals as of last week. Over 25 institutions, including Bitgo and Cumberland, are stress-testing Hashi\u2019s BTC collateral system. Hashi\u2019s Guardian Layer must clear security reviews before any 2026 mainnet transition begins. Deposit Volume Climbs in Testnet\u2019s [&hellip;]<\/p>\n","protected":false},"author":3947362404,"featured_media":76955,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[32],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/76954"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/3947362404"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=76954"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/76954\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/76955"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=76954"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=76954"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=76954"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}