State of Bitcoin Staking

Bitcoin represents over 50% of the total cryptocurrency market and is valued at around $2 trillion.

Over $1 Trillion worth of BTC Is Idle

No Native Yield

Unlike Ether, which benefits from a thriving staking ecosystem built on its Proof of Stake (PoS) mechanics, Bitcoin lacks high-quality native yield solutions.

As of June 13, there are: - ~28% of ETH’s total supply staked (34M/120M) - ~29% of staked ETH is on Lido (10M/33M)

At current Bitcoin prices, Solv would only need 2.5% of BTC deposited into its vaults to achieve a TVL similar to Lido's.

Fragmented BTC Liquidity in DeFi

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

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

Solv Protocol has positioned itself as the liquidity layer for Bitcoin. More than 19,000 Bitcoins have already been staked on Solv, surpassing the BTC holdings on multiple chains and Bitcoin ETFs.

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 Flowing Into Infrastructure

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

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 four months since the launch of SolvBTC, more than 19,000 Bitcoins have been staked on Solv, surpassing BTC holdings on some entire chains & Bitcoin ETFs.

Solv Protocol’s Bitcoin Holdings Is Ranked 5th Among Chains

Solv Protocol’s Bitcoin Holdings Is Ranked 7th Among Bitcoin ETFs & Ethereum