{"id":19733,"date":"2024-05-06T18:00:54","date_gmt":"2024-05-06T18:00:54","guid":{"rendered":"https:\/\/coinengineer.io\/?p=19733"},"modified":"2024-05-06T15:39:03","modified_gmt":"2024-05-06T15:39:03","slug":"binance-backed-bitcoin-project-surpasses-800-million-in-total-value-locked","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/binance-backed-bitcoin-project-surpasses-800-million-in-total-value-locked\/","title":{"rendered":"Binance-Backed Bitcoin Project Surpasses $800 Million in Total Value Locked"},"content":{"rendered":"

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.<\/p>\n

SolvBTC, the protocol’s native asset, has attracted over 12,000 BTC<\/a> 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.<\/p>\n

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.<\/p>\n

SolvBTC, which tracks the price of Bitcoin, had previously garnered attention due to a user holding 158,000 tokens.<\/p>\n","protected":false},"excerpt":{"rendered":"

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<\/p>\n","protected":false},"author":1,"featured_media":18172,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[64,1011,5899,22,61,1934,501,5838,5897,5898,5895,5896,3165,63],"class_list":["post-19733","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","tag-airdrop","tag-arbitrum","tag-babylon-chain","tag-binance","tag-bitcoin","tag-bnb-chain","tag-investment","tag-linea","tag-liquidity-hub","tag-merlin-chain","tag-solv-protocol","tag-solvbtc","tag-tvl","tag-zksync"],"yoast_head":"\nBinance-Backed Bitcoin Project Surpasses $800 Million in Total Value Locked - Coin Engineer<\/title>\n<meta name=\"description\" content=\"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.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/binance-backed-bitcoin-project-surpasses-800-million-in-total-value-locked\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Binance-Backed Bitcoin Project Surpasses $800 Million in Total Value Locked - 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