TLDR
- cbBTC from Coinbase can now be transferred to Monad through Chainlink’s CCIP bridge
- Monad’s DeFi platforms gain access to more than $5 billion in Bitcoin-backed assets
- Neverland and Curvance are the initial DeFi protocols deploying cbBTC functionality on Monad
- The Monad network processes up to 10,000 TPS with finality under one second
- CCIP from Chainlink has facilitated over $28 trillion in cross-chain value transfers
Through its Cross-Chain Interoperability Protocol (CCIP), Chainlink has successfully established a bridge for Coinbase’s wrapped Bitcoin asset, cbBTC, allowing it to flow from Base to the Monad blockchain.
This integration was officially revealed on March 2, 2026, bringing over $5 billion in cbBTC value into Monad’s growing decentralized finance landscape.
The cbBTC token represents a Bitcoin-backed asset created by Coinbase, maintaining a 1:1 ratio with actual Bitcoin stored in custody. It debuted in September 2024 on both Ethereum and Base networks.
Currently, cbBTC operates across several blockchain ecosystems, including Ethereum, Base, Solana, and Arbitrum. Monad now joins this list as a new home for Bitcoin-wrapped tokens.
As an EVM-compatible layer-1 protocol, Monad specializes in high-performance decentralized applications, capable of handling up to 10,000 transactions every second while achieving finality in under a second.
What This Means for DeFi on Monad
With cbBTC now available, Monad users can integrate the token into lending protocols, exchange platforms, and complex financial instruments. Curvance and Neverland are pioneering platforms already creating markets centered on this asset.
Developers gain the ability to construct Bitcoin-backed derivative instruments, spot trading venues, and algorithmic trading infrastructure on Monad. The network’s rapid settlement times and minimal transaction costs create an ideal environment for these use cases.
According to Johann Eid from Chainlink Labs, the system enables multi-billion-dollar cbBTC transfers across different chains while maintaining institutional-level security standards. Keone Hon from the Monad Foundation emphasized that this integration provides developers with a robust foundation asset for innovation.
Chainlink’s CCIP employs multiple decentralized verification mechanisms to minimize cross-chain security vulnerabilities. Since deployment, the protocol has facilitated more than $28 trillion in total on-chain transaction volume.
William Reilly, who leads strategic initiatives at Chainlink Labs, emphasized that the infrastructure handling Bitcoin-backed tokens must scale proportionally as these assets expand into the tens of billions in value.
Bitcoin Yield Products Are Growing
Traditional Bitcoin cannot generate passive returns due to its proof-of-work consensus mechanism. This characteristic has historically restricted yield opportunities for Bitcoin holders within blockchain ecosystems.
Emerging financial instruments are addressing this limitation. In 2025, Coinbase unveiled its Bitcoin Yield Fund designed to deliver 4% to 8% annual returns for institutional clients based outside the United States.
Kraken similarly launched a Bitcoin staking mechanism through partnership with Babylon Labs, enabling participants to lock their BTC to support proof-of-stake network security. In late February 2026, Telegram’s TON Wallet introduced Bitcoin yield-generating vaults.
Across various lending and yield-generation platforms, cbBTC has already gained traction. Certain protocols currently provide yields reaching up to 3% on cbBTC holdings.
The Monad bridge represents another significant advancement in expanding the utility and accessibility of Bitcoin-backed assets throughout the decentralized finance sector.
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