Sui Network to Launch Hashi Global Testnet Featuring Native BTC Collateral

Key Facts

Amid a growing trend to bridge traditional crypto assets with modern blockchains, Sui Network has announced the upcoming launch of the Hashi Global testnet. This initiative aims to integrate native Bitcoin (BTC) as collateral within the Sui ecosystem, paving the way for more sophisticated decentralized finance (DeFi) applications. According to reports, the network seeks to establish itself as a primary hub for BTCFi, the emerging sector of Bitcoin-based decentralized finance.

This move comes as Layer-1 networks face intense competition to attract Bitcoin liquidity, with Sui looking to compete with protocols like Stacks and Babylon that focus on expanding BTC utility. Per market data, integrating native assets without relying on complex bridges reduces security risks, explaining Sui's strategic shift toward direct native BTC support. Industry experts suggest that a successful testnet phase could significantly boost the Total Value Locked (TVL) across the Sui ecosystem.

On the macroeconomic front, crypto market sentiment may be influenced by the upcoming FOMC Minutes scheduled for July 8, 2026, which could provide insights into global liquidity trends.