Hyperliquid, a decentralized layer 1 blockchain specializing in trading, is set to list the Solv protocol’s native token, SOLV.
Solv Protocol, which manages over $3 billion in TVL, specializes in staking Bitcoin on layer 2 solutions like Babylon and CoreChain, as well as decentralized financial protocols such as Jupiter and Ethena. Solv’s reserves exceed 25,000 BTC and its offerings include products such as SolvBTC and SolvBTC.LST, providing yield opportunities while preserving liquidity. Co-founder Ryan Chow described the protocol’s mission as creating a strategically managed Bitcoin reserve to generate returns and preserve wealth.
Backed by major investors such as Binance Labs, Blockchain Capital, Laser Digital and OKX Ventures, Solv has established itself as an important player in decentralized finance. Bitcoin’s focus on integrating into DeFi ecosystems positions it as a transformative force for the $1 trillion Bitcoin asset market. The project has undergone rigorous security audits by companies including Quantstamp and Certik, reinforcing its commitment to security and reliability.
The listing also marks a change for Hyperliquid, which until now has primarily hosted community-launched tokens. The addition of Solv as a major venture-backed project signals broader market appeal and aligns with Hyperliquid’s goal of challenging centralized exchanges like Binance. Currently ranked as the best perpetual decentralized exchange by DeFiLlama, Hyperliquid is building its reputation as a leading player in the crypto space.
Solv’s strategic decision to list on Hyperliquide highlights the growing convergence between established DeFi projects and innovative trading platforms. Both entities are expected to benefit from this partnership, marking a significant development in the changing landscape of decentralized finance.
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