BNB Chain recently released a report announcing the distribution of BTCB in various DeFi protocols. Data shows that the Solv protocol has attracted more than 10,000 BTCB, ranking first and becoming the protocol with the highest BTCB holdings.
SolvBTC is a Bitcoin reserve launched by the Solv protocol. It currently has 150,000 users on BNB Chain and has achieved deep integration with mainstream DeFi protocols such as Pancake Swap, dodo, and Avalon. Solv has further opened up cross-chain scenarios for SolvBTC, allowing it to flow into the Ethereum mainnet, Scroll, Core and other ecosystems, providing BNB Chain users with richer application and revenue scenarios.
Solv's investors include well-known institutions such as Binance Labs, Blockchain Capital and Nomura Securities.