Golden Finance reported that cbBTC, a Bitcoin-backed product launched by Coinbase, will be introduced to the Solana chain in an effort to boost the development of its DeFi ecosystem. Since the collapse of FTX led to a lack of reliable Bitcoin tokens on Solana, the introduction of cbBTC is expected to fill this gap and enhance on-chain liquidity. Data shows that nearly $10 million of cbBTC is currently available for Solana DeFi. Industry insiders believe that the popularity of cbBTC may bring new growth opportunities to Solana DeFi.