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A few weeks ago, a new asset related to Bitcoin liquidity appeared on the $TON network. We are talking about the cbBTC token, which is a form of Bitcoin available within the $TON ecosystem.
cbBTC is issued by Coinbase and maintains a one-to-one peg to BTC. Essentially, each token corresponds to real Bitcoin stored in collateral. This allows users to interact with BTC liquidity directly within the $TON network without withdrawing funds to other ecosystems.
It is interesting to observe how this liquidity begins to be distributed within the network itself. A significant portion of large exchanges pass through the STONfi infrastructure, which uses the Omniston liquidity aggregation protocol. Its task is to find the optimal route for a transaction among the available liquidity pools.
As a result, even relatively large exchanges, such as ten thousand dollar transactions between USDt and cbBTC, can take place without a noticeable impact on the price. This is achieved by distributing liquidity across multiple sources within the network, with the routing system itself selecting the most efficient path for executing the transaction.
Such mechanisms are gradually forming a more mature trading environment in $TON. The emergence of Bitcoin liquidity and tools for its aggregation makes possible transactions that until recently required access to other networks or centralized platforms.