Solv Protocol PriceSOLV

Solv Protocol is making a splash in the DeFi space by launching FragBTC , the first Bitcoin (BTC) restaking token that can generate direct yields on the Solana network. This move is part of Solv’s efforts to revive BTC that has so far only been “parked” without much benefit in its holders’ wallets. We’re proud to introduce fragBTC, @solana ’s first native yield-bearing Bitcoin! A liquid restaking BTC, powered by SolvBTC.JUP, co-launched with @fragmetric & @ZeusNetworkHQ . The next chapter for Bitcoin on Solana begins here 🧵👇 pic.twitter.com/K6LfaA5JZS — Solv Protocol (@SolvProtocol) April 25, 2025 On the other hand, FragBTC is not just here to beautify your crypto portfolio. This token allows users to maintain full exposure to BTC, while still earning yields through a Solana-based strategy, namely SolvBTC.JUP. This strategy utilizes Jupiter Exchange and JLP pools to create local income in BTC , without having to rely on cross-chain solutions that are usually full of risks. Not only that, Solv Protocol also strengthens its position by becoming the first Institutional Guardian for the Zeus Network, demonstrating their commitment to security and transparency. Furthermore, this move is even more interesting when combined with news from last January, when CNF reported that BingX Launchpad would be the exclusive place for the SOLV token to debut. This opens up a new avenue for unique participation in Solv Protocol’s DeFi innovation. Imagine if all the BTC assets that have been dormant could be activated on Solana, the impact on liquidity and the growth of DeFi would certainly be extraordinary. However, in early January 2025, the protocol was hit by allegations of Total Value Locked (TVL) manipulation after reports emerged of an increase in TVL values that were considered unreasonable. Although no strong evidence has been published, this controversy has disturbed public trust in the data they present. In response, Solv took concrete steps to repair their reputation. They conducted a thorough audit of their smart contracts through an independent security firm and implemented a liquidity protection mechanism. The goal is simple: to protect users from unfair liquidation due to market volatility, while rebuilding community trust. In March 2025, Solv raised US$10 million through the initial launch of the Bitcoin Reserve Offering (BRO). BRO combines the concept of convertible bonds with Bitcoin-based innovation, encouraging wider institutional adoption. The funds were allocated to develop products such as SolvBTC and Liquid Staking Tokens (LST), as well as expand the Bitcoin-based DeFi ecosystem. Now, Solv seems to be reaping the rewards. At the time of writing, the SOLV token was recorded to have strengthened 10% in the last 24 hours, trading at about $0.03492. A small note that might make many people rethink the opportunities behind this one project.

Solv Protocol Joins Forces with Fragmetric and Zeus Network to Launch Solana’s Native Bitcoin Yield Product FragBTC According to the official announcement, Solv Protocol announced that it has jointly launched Solana's first native yield Bitcoin product FragBTC with Fragmetric and Zeus Network. This is a liquid re-staking token (LRT) designed to enhance Solana's economic potential and security while providing Bitcoin holders with a new way to earn stable BTC-denominated returns. FragBTC uses SolvBTC.JUP, a Bitcoin yield strategy developed by Solv Protocol, to generate its underlying yield. SolvBTC.JUP earns BTC-denominated returns by participating in the Jupiter JLP pool of the Jupiter exchange.

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The global cryptocurrency market cap today is $2.76 Trillion, a -0.81% change in the last 24 hours. Total cryptocurrency trading volume in the last day is at $81.99 Billion. Forbes is now tracking 17,031 cryptocurrencies. Bitcoin dominance is at +60.89% and Ethereum dominance is at +6.98%. Trending tokens today are Solv Protocol SolvBTC (+1.34%) and Tether (+0.96%).