Solv Protocol's Bitcoin Staking Product Surpasses $470 Million TVL

According to Foresight News, data from DefiLlama reveals that the total value locked (TVL) of Solv Protocol's SolvBTC LST product on the Bitcoin mainnet has exceeded $470 million. This achievement places it ahead of the Lightning Network, which has a TVL of $310 million. Previously, Solv Protocol officially released its staking abstraction layer technology, aimed at enhancing the standardization and interoperability of the Bitcoin staking ecosystem. Currently, Solv has partnered with Babylon, Ethena, and CoreDAO to launch various staking products, including SolvBTC.BBN, SolvBTC.ENA, and SolvBTC.Core. The protocol plans to introduce more Bitcoin staking products in the future.