Solv has really been quite popular recently, so let me briefly share my thoughts on this project.

To put it simply, Solv aims to enable Bitcoin to play a greater role in DeFi. Everyone knows that although Bitcoin has the largest market cap, it has not been very effective in the DeFi space, and using it has been quite inconvenient.

Solv specifically addresses this issue - through their SAL technology (Staking Abstraction Layer), they make Bitcoin staking incredibly simple, and users can also engage in DeFi mining to earn rewards.

The data is indeed impressive; by the end of last year, the TVL had reached $30 billion. The total token supply is 9.66 billion, but currently, only about 15% is in circulation, with a relatively conservative unlocking. They have partnerships with major platforms like Lido and Uniswap, and the overall ecosystem development is quite good.

The security aspect is also well handled, with their own Solv Guard system, and governance is very decentralized, allowing token holders to participate in important decisions.

The key point is that through their technology, users who stake Bitcoin can not only earn validator rewards but also use SolvBTC to engage in DeFi, which feels quite cost-effective. Mainly, it provides a new option, so it seems that no one in the current market is seriously researching it; everyone is just in a panic 😂