🔥🔥🔥 #Solana⁩ -To-Bitcoin Cross-Chain Bridge To Launch In Q3 2024

A cross-chain bridge from Solana to Bitcoin is set to launch in the third quarter of 2024, courtesy of the Zeus Network's Zeus Program Library (ZPL).

In a Medium post on May 1, Zeus Network highlighted the potential of ZPL-assets to unlock various opportunities on Solana, including DeFi, GameFi, SocialFi, DePIN, and more. These assets will facilitate activities that were previously challenging on the Bitcoin #Blockchain .

The Zeus Program comprises a series of Solana Virtual Machine (SVM) programs, enabling developers to seamlessly integrate native Solana support into decentralized applications. These programs power transactions across multiple blockchains, with ZPL assets taking the form of #cryptocurrencies or #NFTs .

The project boasts backing from Solana co-founder Anatoly Yakovenko and Stacks co-founder Muneeb Ali. Moreover, the network emphasized the immense potential for value transfer, citing a market cap of approximately 1.2 trillion dollars and over 11,000 Runes generating over $135 million in fees within the first week on the Bitcoin blockchain.

The Solana-Bitcoin bridge will enable users to deposit their Bitcoin and receive ZPL-wrapped zBTC tokens in return. These tokens can then be utilized for decentralized exchanges, NFT marketplaces, borrowing, lending, gaming, and SocialFi activities within the Solana ecosystem.

Source - Watcher.Guru