Crypto:
30349
Bitcoin:
$64.258
% 0.14
BTC Dominance:
%54.0
% 0.22
Market Cap:
$2.34 T
% 1.02
Fear & Greed:
63 / 100
Bitcoin:
$ 64.258
BTC Dominance:
% 54.0
Market Cap:
$2.34 T

Binance-Backed Bitcoin Project Surpasses $800 Million in Total Value Locked

Bitcoin Halving

Solv Protocol, a Bitcoin ecosystem liquidity hub that has received investment from Binance, has surpassed $800 million in total value locked (TVL) across multiple networks.

SolvBTC, the protocol’s native asset, has attracted over 12,000 BTC across Arbitrum, BNB Chain, and Merlin Chain. Solv further announced a partnership with Babylon Chain on Twitter. The protocol stated that it will connect to more Bitcoin revenue streams, such as Babylon’s restaking revenue.

The protocol also supports SolvBTC bridges for networks like ZkSync and Linea, which have recently attracted significant investments and are being pursued by airdrop hunters.

SolvBTC, which tracks the price of Bitcoin, had previously garnered attention due to a user holding 158,000 tokens.

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