TLDR
- Coinbase’s cbBTC can now move from Base to Monad through Chainlink’s CCIP infrastructure
- Monad’s DeFi platforms gain access to more than $5 billion in Bitcoin-backed assets
- Platforms like Curvance and Neverland are launching initial cbBTC-based markets
- Monad’s blockchain infrastructure handles 10,000+ transactions per second with fast finality
- Chainlink’s cross-chain protocol has facilitated over $28 trillion in transaction volume
Through its Cross-Chain Interoperability Protocol (CCIP), Chainlink has established a bridge for Coinbase’s wrapped Bitcoin token cbBTC to flow from the Base network into the Monad blockchain environment.
JUST IN: Chainlink connects cbBTC to Monad DeFi.
With Chainlink CCIP as the exclusive bridging infrastructure for @Coinbase Wrapped Assets, @Monad users can now bridge cbBTC ($5B+ in circulation) through cross-chain transfers directly from @base. pic.twitter.com/JZDlv8NlQ7
— Chainlink (@chainlink) March 2, 2026
The integration was revealed on March 2, 2026, providing Monad’s decentralized finance infrastructure with access to over $5 billion in cbBTC value.
As a wrapped version of Bitcoin, cbBTC is issued by Coinbase with a 1:1 backing of actual Bitcoin held in secure custody. The token debuted in September 2024 on both Ethereum and Base networks.
Today, cbBTC operates across several blockchain ecosystems, including Ethereum, Base, Solana, and Arbitrum. This latest connection makes Monad another major hub for Bitcoin-derivative assets.
As a layer-1 blockchain compatible with the Ethereum Virtual Machine, Monad specializes in high-performance financial applications. The network processes up to 10,000 transactions every second while maintaining sub-second transaction finality.
What This Means for DeFi on Monad
With cbBTC now accessible on Monad, users can participate in lending protocols, decentralized exchanges, and advanced financial instruments. Curvance and Neverland are among the first platforms introducing cbBTC-integrated markets.
The integration enables developers to create Bitcoin-linked derivative products, spot trading venues, and algorithmic trading strategies. Monad’s rapid settlement times and minimal transaction costs provide an ideal environment for these applications.
Johann Eid from Chainlink Labs highlighted that the infrastructure enables billions in cbBTC value to transfer between blockchains with enterprise-level security. Keone Hon from the Monad Foundation noted that this brings developers a robust foundation asset for innovation.
Chainlink’s CCIP incorporates multiple decentralized validation mechanisms to minimize cross-chain security vulnerabilities. Since going live, the protocol has secured more than $28 trillion in cumulative on-chain value.
According to William Reilly, who leads strategic initiatives at Chainlink Labs, the bridging infrastructure for Bitcoin-backed tokens must scale appropriately as these assets expand into the tens of billions in market value.
Bitcoin Yield Products Are Growing
Traditional Bitcoin doesn’t produce native yield due to its proof-of-work consensus mechanism. This structural limitation has historically restricted earning opportunities for Bitcoin holders in decentralized systems.
Emerging financial instruments are addressing this gap. In 2025, Coinbase introduced a Bitcoin Yield Fund designed to generate 4% to 8% annualized returns for institutional clients outside United States jurisdictions.
Kraken launched a Bitcoin staking offering through Babylon Labs, enabling users to commit BTC toward securing proof-of-stake blockchain networks. In late February 2026, Telegram’s TON Wallet implemented Bitcoin yield-generating vaults.
cbBTC has already been integrated into multiple lending and yield-generating platforms. Certain protocols currently provide yields approaching 3% on cbBTC holdings.
The Monad bridge represents another significant expansion of where Bitcoin-backed tokens can be deployed throughout the decentralized finance landscape.
