According to defillama data, the BTC staking protocol Solv Protocol's SolvBTC LST product has exceeded $470 million in total value locked (TVL) on the BTC mainnet, surpassing the second-ranked Lightning Network, which has a TVL of $310 million.
Recently, Solv Protocol has officially released its industry-leading staking abstraction layer technology solution, improving the standardization and interoperability of the BTC staking ecosystem. Currently, Solv has collaborated with Babylon, Ethena, and CoreDAO to launch various staking products such as SolvBTC.BBN, SolvBTC.ENA, and SolvBTC.Core. It is reported that Solv will launch more BTC staking products in the future.
