Solv Protocol Bitcoin Staking Amount Exceeds 14,000

On May 15th, Solv Protocol, a full-chain revenue and liquidity protocol, launched the interest-bearing Bitcoin asset SolvBTC. The amount of Bitcoin collateral has exceeded 14,000, and the total lock-up value of the protocol has exceeded $930 million, ranking 32nd in the TVL ranking of DeFi protocols. SolvBTC has been launched on Arbitrum, Merlin Chain, and BNB Chain, and officially connected to the zkLink and Linea networks last week. Solv Protocol stated that this means users can cross-chain SolvBTC to zklink and Linea to earn additional income.

Solv Protocol's investors include Binance Labs, Blockchain Capital, and Nomura Securities. In addition, Solv is currently conducting a points activity.