BlockBeats News, May 21st, Solana's native Bitcoin asset zBTC was officially launched on March 27th and currently has a circulation of over 250 on the Solana blockchain. zBTC has been integrated into mainstream DeFi protocols such as Meteora, Kamino, Drift, Fragmetric, and Stabble, providing on-chain yield opportunities for BTC and promoting the application of Bitcoin in the Solana ecosystem.
zBTC is supported by Zeus Network's cross-chain infrastructure, allowing users to freely conduct decentralized deposits and withdrawals between Bitcoin and Solana. By integrating Chainlink's CCIP (Cross-Chain Interoperability Protocol) and Proof of Reserve, zBTC achieves a 1:1 peg to BTC and supports cross-chain transfers to networks such as Solana, Ethereum, Base, and Sonic.
Justin, Founder and CEO of Zeus Network, stated that the launch and expansion of zBTC signify a significant advancement in Bitcoin's decentralized liquidity direction, with its use cases continuously expanding into more on-chain ecosystems.