{"id":854809,"date":"2025-06-11T09:11:50","date_gmt":"2025-06-11T14:11:50","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2025\/06\/11\/ada-price-jumps-as-cardano-launches-first-bitcoin-defi-protocol\/"},"modified":"2025-06-11T09:11:50","modified_gmt":"2025-06-11T14:11:50","slug":"ada-price-jumps-as-cardano-launches-first-bitcoin-defi-protocol","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2025\/06\/11\/ada-price-jumps-as-cardano-launches-first-bitcoin-defi-protocol\/","title":{"rendered":"ADA price jumps as Cardano launches first Bitcoin DeFi protocol"},"content":{"rendered":"<div data-site=\"CoinJournal\">\n<div data-site=\"CoinJournal\">\n<picture><source  type=\"image\/webp\" media=\"(min-width: 750px)\"><source  type=\"image\/webp\"><source  type=\"image\/jpeg\" media=\"(min-width: 750px)\"><source  type=\"image\/jpeg\"><img decoding=\"async\" src=\"https:\/\/coinjournal.net\/wp-content\/uploads\/2025\/06\/ADA-price-jumps-as-Cardano-launches-first-Bitcoin-DeFi-protocol.png\" alt=\"ADA price jumps as Cardano launches first Bitcoin DeFi protocol\" width=\"100%\" height=\"100%\">\n<\/picture>                            <\/div>\n<ul>\n<li>Cardano launches Cardinal Protocol, enabling BTC use in DeFi without bridges.<\/li>\n<li>ADA\u2019s price surges as Cardinal adoption grows across major Cardano DeFi platforms.<\/li>\n<li>Cardinal ensures secure, non-custodial BTC staking and lending.<\/li>\n<\/ul>\n<p><a href=\"https:\/\/coinjournal.net\/cardano\/what-is-cardano\/\">Cardano<\/a> has taken a major leap in the decentralized finance world with the launch of its first Bitcoin DeFi protocol, Cardinal, triggering a sharp rise in the price and trading volume of ADA.<\/p>\n<p>The Bitcoin DeFi protocol was first unveiled by Charles Hoskinson, the founder of Cardano, during the Bitcoin 2025 conference, where a live demo showcased a bridgeless BTC-to-Cardano transaction using the new system. The protocol is now live.<\/p>\n<blockquote data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Cardano founder Charles Hoskinson has announced the launch of Cardinal, the first Bitcoin DeFi protocol on the Cardano network. The protocol leverages MuSig2 multi-signature technology to enable non-custodial cross-chain functionality, allowing users to directly use Bitcoin UTXOs\u2026<\/p>\n<p>\u2014 Wu Blockchain (@WuBlockchain) <a href=\"https:\/\/twitter.com\/WuBlockchain\/status\/1932312495441826288?ref_src=twsrc%5Etfw\">June 10, 2025<\/a><\/p>\n<\/blockquote>\n<p>The news quickly rippled through the market, lifting ADA\u2019s price by nearly 4% within 24 hours and pushing its trading volume to over $700 million, according to DefiLlama and market tracking data.<\/p>\n<p>Adding fuel to ADA\u2019s bullish momentum is its recent inclusion in the Nasdaq cryptocurrency index, something that is driving institutional interest.<\/p>\n<h2>Cardinal brings Bitcoin to Cardano\u2019s DeFi ecosystem<\/h2>\n<p>For the first time, Bitcoin holders can now access decentralized finance services on Cardano without going through centralized custodians or third-party bridges.<\/p>\n<p>Developed by Input Output (IOHK), Cardinal wraps Bitcoin\u2019s unspent transaction outputs (UTXOs) into pegged tokens that users can stake, lend, or borrow while retaining full control over their assets.<\/p>\n<p>The protocol employs the MuSig2 multi-signature scheme to handle peg-in and peg-out processes securely, ensuring the original Bitcoin remains locked on its native blockchain.<\/p>\n<p>Because of this trust-minimized design, Cardinal is seen as a major innovation compared to traditional wrapped Bitcoin solutions that depend heavily on custodial infrastructure.<\/p>\n<h2>Wrapped UTXOs and cross-chain compatibility<\/h2>\n<p>What sets Cardinal apart is its ability to handle Wrapped UTXOs in a manner that remains transparent and secure while offering flexibility in how users reclaim their native Bitcoin or Ordinals.<\/p>\n<p>These wrapped tokens are not only pegged 1:1 with BTC, but they can also be burned at any time by users to retrieve their original assets through a verifiable process.<\/p>\n<p>Cardinal also uses BitVMX, an off-chain execution system, to bridge Bitcoin\u2019s scripting limitations and enable interactions with Cardano\u2019s smart contracts.<\/p>\n<p>Furthermore, this approach facilitates compatibility with other blockchains such as Ethereum, Solana, and Avalanche, expanding the reach of Bitcoin within multi-chain DeFi environments.<\/p>\n<h2>Cardano DeFi platforms are already adopting Cardinal<\/h2>\n<p>Major Cardano-based DeFi platforms including MinswapDEX, SundaeSwap, and Fluid Tokens have already integrated Cardinal, giving users the ability to farm, lend, and trade Bitcoin-linked assets directly.<\/p>\n<p>With this integration, Bitcoin can now be used as collateral, traded for other native tokens, or even employed in NFT and Ordinal markets without compromising security or history.<\/p>\n<p>Technical director Romain Pellerin emphasized that while Cardinal is already transformative, future upgrades will focus on wallet integration, zero-knowledge proofs, and increased liquidity.<\/p>\n<p>These enhancements are expected to deepen the protocol\u2019s appeal and strengthen Cardano\u2019s position in the broader DeFi landscape.<\/p>\n<div>\n<hr>\n<h6>Share this article<\/h6>\n<hr>\n<h6>Categories<\/h6>\n<hr>\n<h6>Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/ada-price-jumps-as-cardano-launches-first-bitcoin-defi-protocol\/\" class=\"button purchase\" rel=\"nofollow noopener\" target=\"_blank\">Read More<\/a><br \/>\n Charles Thuo<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cardano launches Cardinal Protocol, enabling BTC use in DeFi without bridges. ADA\u2019s price surges as Cardinal adoption grows across major Cardano DeFi platforms. Cardinal ensures secure, non-custodial BTC staking and lending. Cardano has taken a major leap in the decentralized finance world with the launch of its first Bitcoin DeFi protocol, Cardinal, triggering a sharp<\/p>\n","protected":false},"author":1,"featured_media":854810,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[22964,4759],"tags":[],"class_list":["post-854809","post","type-post","status-publish","format-standard","has-post-thumbnail","category-jumps","category-price"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/854809","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=854809"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/854809\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/854810"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=854809"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=854809"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=854809"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}