24/7 Cryptocurrency News

Cardano (ADA) Welcomes Wrapped Bitcoin on Mainnet

Proof-of-Stake (PoS) protocol Cardano has welcomed Wrapped Bitcoin assets as cBTC through anetaBTC, an open source protocol
Published by
Cardano (ADA) Welcomes Wrapped Bitcoin on Mainnet

One of the highlights of this week on the Cardano (ADA) network is the integration of the ability to wrap Bitcoin (BTC) on the mainnet. The deployment of cBTC on the Cardano mainnet was introduced by anetaBTC, a protocol known to bring on-chain wrapped Bitcoin to blockchains. 

This significant step which brings BTC to the Cardano network is crucial to the improvement of blockchain interoperability. 

Advertisement

Cardano Wrapped Bitcoin Benefits

With this recent deployment, users can effortlessly interact with both tokens on a single network. 

While the development facilitates interoperability of blockchains, it is also a strategic approach of attracting a wider audience as well as Total Value Locked (TVL) on Bitcoin which is known to have the highest market capitalization in the entire crypto industry. 

Currently, the market cap of BTC is approximately $572 billion, about half of the total crypto market cap.

Alongside the launch and deployment of the anetaBTC protocol, Cardano has completed the mint of BTC on its mainnet. Precisely, anetaBTC shared a screenshot showing that 1.706 cBTC has been minted successfully. 

Moreso, the on-chain protocol noted that a total of 6.19 cBTC has been minted on the Cardano network so far. 

Advertisement

More Bullish Cardano Updates

More upgrades are expected in the future as regards the anetaBTC protocol. Already, anetaBTC version 2 is in the works and its release is expected in the near future.

Other highlights of this week include the 73.2 million transactions recorded on the Cardano blockchain. Also, the total number of policies reported was over 78,000, and about 137 projects were launched on the ADA blockchain. Another milestone is the pre-release of node v.8.2.1-pre for use on SanchoNet. 

SanchoNet is a new development network designed to expose the Cardano ecosystem to governance features from CIP-1694 and to build and test together in a controlled environment. 

Lace v.1.4 was also released by the Lace team with newly integrated features like “ADA Handle” support enhancement and bug fixes. Input Output Global (IOG), the startup behind Cardano shared an update about the plan to expand Mithril solution to Africa.

Advertisement

Share
Godfrey Benjamin

Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture. Follow him on X, Linkedin

Published by
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Recent Posts

  • 24/7 Cryptocurrency News

Pro-Crypto Mike Selig Emerges As CFTC Chair Frontrunner, Gains Ripple CLO’s Endorsement

Pro-crypto Mike Selig is reportedly the frontrunner to become the next chair of the U.S.…

October 4, 2025
  • 24/7 Cryptocurrency News

‘Every Crypto ETF You Can Imagine’: Expert Predicts Flurry of Filings After REX-Osprey’s 21 Applications

Nate Geraci, president of Novadius Wealth Management, has predicted that several crypto ETF filings could…

October 4, 2025
  • Bitcoin News

Robinhood Lists Strategy’s Bitcoin-Backed Stocks, Boosting Saylor’s BTC Credit Model

Bitcoin-backed stocks of Strategy can now be accessed on Robinhood. This represents a significant move…

October 4, 2025
  • Bitcoin News

Bitcoin ETFs See 2025 Record Weekly Inflows of $3.2B as BTC Eyes New ATH

The Bitcoin ETFs have seen a huge turnaround this week, recording their largest weekly inflows…

October 4, 2025
  • 24/7 Cryptocurrency News

Expert Predicts SHIB Rally as Shiba Inu Restores Shibarium After $4M Hack Shutdown

Shiba Inu’s Layer 2 network, Shibarium, has returned online following a $4 million exploit that…

October 4, 2025
  • 24/7 Cryptocurrency News

FLOKI Makes History With First ETP in Europe as Price Surges 30%

FLOKI has announced the launch of the first BNB chain exchange-traded product (ETP) in Europe.…

October 4, 2025