On May 21, Solana's native Bitcoin asset zBTC, which was officially launched on March 27, currently has a circulation of over 250 tokens on the Solana chain. zBTC has been integrated into mainstream DeFi protocols such as Meteora, Kamino, Drift, Fragmetric, and Stabble, bringing on-chain yield opportunities for BTC and promoting the application of Bitcoin in the Solana ecosystem.
zBTC is supported by Zeus Network's cross-chain infrastructure, allowing users to freely deposit and withdraw between Bitcoin and Solana in a decentralized manner. By integrating Chainlink's CCIP (Cross-Chain Interoperability Protocol) and Proof of Reserve, zBTC achieves a 1:1 anchor with BTC and supports cross-chain transfers to networks such as Solana, Ethereum, Base, and Sonic.
Justin, founder and CEO of Zeus Network, stated that the launch and expansion of zBTC mark significant progress in decentralized liquidity for Bitcoin, and its application scenarios will continue to extend to more on-chain ecosystems.
