Rift, a Bitcoin trading protocol, has secured an $8 million investment from Paradigm to enhance native Bitcoin transactions across Ethereum and other blockchains. This funding will allow Rift to expand its reach beyond Ethereum, leading to increased cross-platform Bitcoin transactions and enhanced DeFi integration. The investment aims to facilitate trustless Bitcoin transactions that could significantly impact liquidity efforts within the decentralized finance (DeFi) space. Rift’s solutions are expected to improve Bitcoin’s role in DeFi by enabling greater composability between different platforms. 8M funding from Paradigm will help Rift refine its Bitcoin transaction capabilities across multiple platforms and initially focus on Ethereum’s network before expanding to other blockchains. This could create a new paradigm for Bitcoin’s utility beyond the direct network, as the industry witnesses a shift in its role within DeFi.