Xverse x Spark: Bitcoin DeFi, at Last

Xverse, a self-custodial Bitcoin wallet serving the on-chain economy, announced integration of Spark, a high-performance Bitcoin Layer 2 protocol. This integration provides over 1.6 million Xverse users with instant, low-fee payments and tokens, advancing decentralized finance capabilities on Bitcoin.

Developed by Lightspark, Spark is an open-source Layer 2 utilizing statechain technology. It enables Bitcoin to achieve superior transaction performance and native stablecoin support, making it viable for everyday payments and financial applications.

Leadership Perspectives

Ken Liao, Xverse founder and CEO, stated: "Our goal is to make Xverse the definitive home of BitcoinFi, and integrating Spark is a monumental step."

David Marcus, Lightspark co-founder and CEO, remarked: "It's exciting to see Xverse bring this to over a million users and is a huge step forward."

What Xverse Users Get

Xverse users now access Spark's features directly within their wallet, including:

• Sub-second transaction finality
• Near-zero transfer fees within the network
• Lightning Network compatibility without managing nodes or channels
• Stablecoin issuance and transfer on Bitcoin using native standards

Ecosystem Growth

Magic Eden is also integrating Spark to power fast, low-cost settlements for Bitcoin-native markets, positioning Xverse users within an interoperable application network.

Xverse provides a unified platform for managing assets across Bitcoin L1 and Layer 2s, advancing seamless multi-layer Bitcoin experiences.