Zeus Network has introduced zBTC, a tokenized version of Bitcoin $92,422, on the Solana $191 network. This development aims to offer new yield opportunities for Bitcoin holders while enhancing cross-chain liquidity and expanding decentralized finance (DeFi) options.
zBTC Will Grow Solana’s DeFi Ecosystem
The successful launch of zBTC represents Bitcoin securely and transparently on the Solana network. It enables users to engage with DeFi applications on Solana while maintaining the inherent security features of BTC. Following the announcement, the price of the ZEUS token increased by over 4%.
The zBTC launch facilitates a significant bridge between Bitcoin and Solana networks. Bitcoin holders can invest their assets into Solana’s DeFi market, gaining returns without compromising the security of their BTC.
“Zeus Network and Guardians are redefining Bitcoin’s liquidity usage, providing pathways for integration on Solana without requiring permission.” – Justin Wang, CEO of Zeus Network
Zeus Network’s Innovative Technologies
Key components of this innovation include Zeus Network’s ZeusNode architecture and Zeus Program Library (ZPL). These technologies enable verification, tokenization, and transactions on the Solana network without altering Bitcoin’s original protocol. The cross-chain liquidity solution offers safer, cheaper, and faster transactions between Bitcoin and Solana networks.
The network aims to incorporate UTXO-based cryptocurrencies such as Dogecoin $0.313136, Litecoin, and Kaspa into the ecosystem by 2025.
Zeus Network plans to bring 1% of Bitcoin liquidity to Solana by mid-2025, managing 2,250 BTC during this period to strengthen its position in the cross-chain DeFi market. Additionally, the Zeus Program Library will become open-source in 2025, encouraging developers to create new applications within the Zeus ecosystem.
“The first permissionless BTC has now been launched on Solana!” – Zeus Network
With the integration of zBTC into the Solana network, Zeus Network continues to offer innovative solutions in the DeFi ecosystem. This advancement provides Bitcoin holders with broader investment opportunities and secure earning potentials while aiming to enhance inter-network liquidity flows.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.