September 2025 Recap: Solidifying Position in the BTCFi Market

Highlights from September

September marked another month of strong momentum for Threshold Network, as tBTC continued to expand its footprint across major ecosystems. With new integrations, cross-chain bridges, liquidity initiatives, and international media coverage, the month underscored tBTC’s growing role in the BTCFi market.

Milestones

• New All-Time High: As of September 30, 2025, tBTC supply reached 6,334, bringing total value locked (TVL) to approximately $785 million.
• Bridge Activity: For the second consecutive month, tBTC ranks #3 in bridge volume on Wormhole, a strong indicator of growing momentum.
• Ember Vault Integration: tBTC remains the only enabled Bitcoin strategy on Ember Vault, with $17.53M total deposits and a target yield of 8.11% APY (subject to change).

Together, these developments reflect continued momentum toward establishing tBTC as a leading instrument for secure and scalable Bitcoin participation across DeFi networks.

Community and Events

Threshold maintained strong visibility across major industry gatherings and media platforms throughout the month, reinforcing its leadership role in advancing BTCFi.

KOREA BLOCKCHAIN WEEK

The Threshold team joined Korea Blockchain Week (KBW 2025), engaging with builders, partners, and institutions to discuss Bitcoin’s evolving role in DeFi. Read the full post recap here.

Highlights included:

• Hack Season VIP Dinner, where Head of BD Ethan Hassall joined a panel discussion alongside other DeFi builders like @xd_protocol, @metamask, and @1inch

• Bitcoin & Brunch, co-hosted with Exilist, where Threshold Labs Co-Founder and CPO Callan Sarre (@saprophetik) delivered a keynote on Bitcoin’s expanding utility, powered by tBTC.

• Co-hosted the KBW Live news desk alongside Bitcoin.com, including engagement with visitors at the booth, and an interview with Callan Sarre, Co-Founder and CPO of Threshold Labs.

TOKEN2049 SINGAPORE

Threshold Network also participated in Token 2049 Singapore, one of the largest global gatherings for digital assets. The team joined and co-hosted ecosystem events, including Proof of Liquidity by Yield Network, Hack Seasons Singapore, SuiFest, and the Bitcoin All-In! Summit, connecting with builders and institutions driving Bitcoin’s next chapter.

Highlights included:

• Co-hosted the Token2049 Live News Desk alongside Bitcoin.com News, with a live giveaway session, and another interview with Threshold Labs Co-Founder and CPO Callan Sarre.

• Hack Seasons Singapore, Callan also joined the panel on “DeFi at Maturity: What Survives the Next Cycle” alongside leading voices from the space: Matt Snow (BD Associate, 1inch), Marco Cora (Director, ZKSync Foundation), Pauline Barnades (DevRel, Wormhole), and Joshua Maddox (CEPO, COTI).

• SuiFest: Sponsored a BTCFi merch giveaway at the interactive hoop zone, featuring tBTC and other BTCFi protocols on Sui.

• Proof of Liquidity event, co-hosted one of the most talked-about DeFi events of the week in collaboration with Yield Network, Bluefin, MEV Capital, and Upshift. The event attracted top-tier builders, investors, and ecosystem partners, resulting in countless high-value introductions.

• Bitcoin All-In, Callan Sarre presented Threshold’s vision for BitcoinFi and how tBTC drives the next phase of BTC adoption in DeFi.

Sui x tBTC Podcast

Threshold Network Co-Founder and CEO Maclane Wilkison joined Sui’s official podcast to discuss the network’s vision for cross-chain Bitcoin utility and tBTC’s growing integration within the Sui ecosystem. Listen here →

Media Coverage

Threshold Labs Co-Founder and CPO Callan Sarre was featured in exclusive interviews with The Korea Daily, The Electronic Times, and CoinPost, leading crypto publications in South Korea and Japan. He discussed Threshold’s roadmap, tBTC’s growth trajectory, and the network’s ongoing expansion across Asia and beyond.

Additional coverage appeared in major outlets, including The Economist, Seoul Economic Network, and IT-Biz, further strengthening Threshold’s visibility in the Asia-Pacific market.

Ecosystem Growth

tBTC on Sui: Phase 2

The launch of Phase 2 for tBTC on Sui marked a significant milestone in expanding cross-chain accessibility. This phase introduced bridging capabilities of tBTC from Ethereum to Sui (and vice versa), auto-compounding vaults, advanced yield strategies, and broader tBTC utility within the Sui ecosystem, enabling more tBTC DeFi options across the Sui Ecosystem. See full details here:

tBTC Becomes First and Exclusive Bitcoin Collateral on Ember Protocol

tBTC became the first and only Bitcoin collateral integrated into the new Ember Protocol vault on Sui, a key milestone under the Sui: Phase 2 campaign. This integration underscores tBTC’s expanding use cases in next-generation lending and yield products. Check it out

tBTC–MUSD Pool Goes Live on Merkl

The tBTC–MUSD liquidity pool is now live on Merkl, offering new yield opportunities for BTC-backed assets. This pool enhances liquidity access and capital efficiency within the tBTC ecosystem. View Pool →

tBTC–MUSD Pool Goes Live on Merkl

Liquidity provision has been a central mechanism in decentralized finance (DeFi), establishing the foundation for efficient markets and permissionless trading. From the introduction of automated market makers, liquidity pools have become a recognized infrastructure layer for digital assets. The launch of tBTC-MUSD (@MezoNetwork) pool on Uniswap V4, accessible via Merkl,

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Galxe Starboard Campaign

Threshold launched the Galxe Starboard Series, a long-term engagement initiative that rewards community participation through monthly quests. The first campaign, featuring a $4,500 USDC prize pool for top-ranking participants, has been extended until October 18, 2025. Participate here →

tBTC Bridge Between Sui and Ethereum Goes Live

The tBTC Bridge between Sui and Ethereum, powered by Wormhole, is now live on mainnet, enabling fast and secure transfers in as little as 15–20 minutes.

To bridge, visit sui.threshold.network, connect your MetaMask and Suiet wallets, select the amount of tBTC you wish to transfer, and approve the transaction. Once completed, your bridged tBTC will be deposited into your designated wallet within minutes.

tBTC Now Live on Yield Basis

tBTC is now integrated with Yield Basis, supporting advanced liquidity and leveraged strategies for BTC holders. The integration strengthens tBTC’s footprint across multi-chain DeFi yield environments, with $17M currently deposited. Read the full announcement here →

Looking Ahead: Repositioning Towards Institutional Adoption

Looking ahead, Threshold Network is positioning tBTC at the forefront of institutional-grade Bitcoin adoption, driving liquidity, transparency, and interoperability across leading DeFi ecosystems. With continued integrations into major protocols, new liquidity markets, and an expanding cross-chain footprint, September further cemented tBTC’s role as a core infrastructure asset for Bitcoin in DeFi.

As part of this broader expansion, tBTC remains active in ecosystem initiatives, such as Starknet’s BTCFi incentives, where the Starknet Foundation has allocated 100M STRK in rewards to bootstrap Bitcoin liquidity and adoption across DeFi protocols. Threshold’s participation in these programs reinforces our commitment to unlocking Bitcoin utility on every chain. To know how to use tBTC on the Starknet BTCFi campaign, read here: https://blog.threshold.network/btcfi-season-on-starknet-with-tbtc/

Threshold remains focused on strengthening security, accessibility, and ecosystem partnerships to power the next wave of Bitcoin adoption across networks, users, and markets.