The State of Bitcoin

Bitcoin, represents over 50% of the total cryptocurrency market, valued at over $1.3 trillion.

Over $1 Trillion worth of BTC Is Idle

No Native Yield

Unlike ETH, which benefits from a thriving staking ecosystem, there are no high-quality native yield solutions for Bitcoin.

As of June 13, there are: - ~28% of ETH’s total supply staked (33M/120M) - ~29% of ETH is staked through Lido (10M/33M) At current Bitcoin prices, Solv would only need 2.5% of BTC to be deposited into Solv's vaults to achieve a similar TVL as Lido.

Fragmented BTC Liquidity in DeFi

Bitcoin liquidity is being spread thin across L1s, ETH l2s, and BTC L2s.

There are now more than 80+ projects scaling Bitcoin, all fighting for a share of liquidity.

Solv Protocol has positioned itself to be the liquidity layer for Bitcoin, with more than 17,000 Bitcoin already staked on Solv, surpassing the BTC holdings on multiple chains.

Few Integrations with core DeFi primitives

ETH, ETH derivatives and stablecoins remain the collateral of choice in DeFi.

Solv Protocol is actively working with multiple chains and DeFi protocols to integrate our liquid BTC yield tokens, paving the way for a thriving BTCFi ecosystem.

It's Bitcoin Season!

Money Is Flowing Into Infrastructure

Bitcoin-related projects have raised more than $100 million in the first half of 2024, signaling growing interest in Bitcoin-driven DeFi.

There is growing interest in Bitcoin-native DeFi (BRC-20, Ordinals, Runes, OP_CAT, etc.)

BRC-20s, Ordinals, and Runes have a speculative market, while OP_CAT opens the doors to more functionality on Bitcoin.

Proven Demand

In less than three months since the launch of SolvBTC, more than 17,000 Bitcoin have been staked on Solv, surpassing BTC holdings on some entire chains.