Solv Protocol Partners With Babylon to Bridge Native Restaking Yields on SolvBTC

• Colin Wu has highlighted the impressive growth of SolvBTC.
• SolvBTC has attracted more than 12,000 BTC in Arbitrum, BNB Chain, and Merlin Chain.
• Solv Protocol partnered with Babylon to bridge native restaking yields on SolvBTC.

Foremost Chinese blockchain and crypto reporter Colin Wu has highlighted the impressive growth of SolvBTC, a Bitcoin-based cryptocurrency protocol. In a recent post on X, Wu described SolvBTC as a Bitcoin ecosystem liquidity center invested by Binance. 

SolvBTC of Solv Protocol, a Bitcoin ecosystem liquidity center invested by Binance, has attracted more than 12,000 BTC in Arbitrum, BNB Chain and Merlin Chain, with a total TVL of more than 800 million US dollars. Solv said that it will connect to more BTC income sources in the…

— Wu Blockchain (@WuBlockchain) May 6, 2024

Citing the protocol’s growth and development, Wu noted that SolvBTC has attracted more than 12,000 BTC in Arbitrum, BNB Chain, and Merlin Chain. According to the renowned journalist, with a total value locked (TVL) of more than $800 million, Solv has signified its intention to connect to more BTC income sources soon.

Wu spotted Babylon’s restaking income as…

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