Sui Hashi Bridge Sees 1.1 Million Bitcoin Deposits

The Hashi bitcoin lending protocol on the Sui network reached a major milestone this week. Onchain data confirms that users have processed over 1.1 million deposits in just three weeks since the platform opened its testnet on July 22. Along with the heavy deposit activity, the network handled about 165,000 withdrawals.

This high level of participation highlights strong interest in moving bitcoin into the Sui ecosystem for lending purposes. While the protocol is still in the testing stage, the volume suggests that users are eager to test how bitcoin functions within this specific network structure.

Market observers are keeping a close watch on how these testnet metrics transition once the protocol moves to its mainnet launch. The ability to bridge assets effectively remains a key point of interest for traders looking to move capital across different chains.