Bitcoin staking is gaining significant momentum, with Solv Protocol leading the way. DefiLlama data reveals that Solv has achieved a Total Value Locked (TVL) of $470 million on the Bitcoin mainnet, surpassing the well-established Lightning Network's TVL of $310 million. This success is attributed to Solv Protocol's Staking Abstraction Layer (SAL) technology, which simplifies and standardizes Bitcoin staking across different blockchain networks. The partnership with influential players like BNB Chain, Ceffu Global, and Chainlink has played a crucial role in the development and implementation of this innovative solution. This milestone coincides with Bitcoin's current price of approximately $61,000.
- Content Editor ( cryptonewsz.com )
- 2024-10-10
Bitcoin Staking: Solv Protocol Leads With $470M TVL