Solv protocol attracts more than 12,000 BTC investments and integrates the Babylon association

Solv Protocol, a decentralized liquidity financial protocol, has reported a major milestone in its operations.

According to an announcement on

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Recall that in January 2022, crypto.news reported on a significant investment by Binance Labs in the Solv protocol. This move was an attempt by the investment arm of the world's largest exchange to help drive the growing adoption of financial nfts in the crypto scene.

The recent influx of funds into the protocol, which marked a major achievement, amounted to more than 800 million dollars. In addition to the impressive investment figures, Solv Protocol has revealed plans to integrate additional revenue streams into its platform.

One of those integrations involves revenue recovery from Babylon, a move aimed at improving SolvBTC's value proposition. Babylon, a blockchain project focused on shared security protocols in the decentralized economy, offers promising synergies for the Solv Protocol. Binance Labs also announced an investment in Babylon in February.

The integration of Babylon recovery performance is expected to unlock new use cases for SolvBTC, particularly in protecting proof-of-stake (PoS) chains, roll-ups, and Arbitrum virtual machines (AVMs).

This development takes advantage of bitcoin's substantial liquidity and also facilitates its integration into various decentralized finance (DeFi) protocols. Networks like zkSync and Linea are set to support the SolvBTC bridge, further expanding its utility within the broader DeFi ecosystem.

Launched in April, SolvBTC has already sparked significant interest, with one user holding over 158,000 tokens. However, its trading volume, according to CoinGecko data, remains relatively insignificant, currently standing at $514,000 in the last 24 hours. SolvBTC has followed the price movements of btc, changing hands at $61,401 at the time of writing.