@SolvProtocol recently announced surprising news: “$SOLV is about to launch on Hyperliquid.”
What impact will it bring when a leading BTCFi protocol with a reserve of 25,000 BTC collaborates with @HyperliquidX, known as the 'on-chain Binance'? Let's explore together.
Solv recently announced its highly anticipated TGE (Token Generation Event) and the launch of its native token $SOLV. For a high-profile project like Solv, top centralized exchanges (CEXs) are typically prioritized as platforms for token listings. However, this time Solv chose Hyperliquid as the primary platform for its token release. What is the significance behind this unconventional choice?
Hyperliquid is an on-chain exchange known for user experience, trading speed, and transparency, and has garnered significant attention in the blockchain community. However, most of the tokens currently listed on its platform are memecoins (cryptocurrencies based on social trends).
Solv is the first project to invest six-figure funds on Hyperliquid, with an initial bid of $128,345.67. Today, this auction price has soared to $500,000, even peaking at $1.5 million.
Solv raised $25 million from top investors and strategically chose Hyperliquid as the launch platform for $SOLV. As the first high-profile project on Hyperliquid, Solv not only gained a first-mover advantage but also successfully launched its flagship product SolvBTC on the upcoming Hyperliquid L1 network.
Currently, Solv holds over 25,000 BTC in reserve, making it the largest decentralized Bitcoin reserve in the world, supported by its innovative product SolvBTC.
Through its Staking Abstraction Layer, Solv provides a unified framework that supports seamless interoperability across more than 15 blockchains, laying the foundation for future deep integration with the Hyperliquid ecosystem.
Hyperliquid is still in the early stages of development. In the future, the platform may expand from existing dollar-based contracts to the following features:


BTC-based contracts: Trading contracts priced in Bitcoin.


Joint margin model: Allows users to use Bitcoin as margin for dollar contracts.


BTC spot trading pairs: Supports direct trading of Bitcoin with other cryptocurrencies.


To achieve these expansions, Hyperliquid needs a significant influx of Bitcoin into its ecosystem, which also requires a reliable Bitcoin cross-chain solution.
Additionally, the upcoming HyperEVM (Ethereum Virtual Machine compatible network) will make it a complete L1 blockchain. This transition, along with Hyperliquid's evolving DeFi ecosystem and the demand for Bitcoin derivatives at its decentralized exchange (DEX), further solidifies SolvBTC's position as the preferred Bitcoin asset on the Hyperliquid network.
Through SolvBTC, Bitcoin holders can achieve up to 20% annualized returns through innovative strategies.
The deep integration with the Hyperliquid ecosystem maximizes the potential of Bitcoin through SolvBTC. Users can not only use it as collateral for trading contracts but also utilize it in DeFi protocols while continuously earning stable returns.
Unlike Bitcoin in traditional exchanges, SolvBTC on Hyperliquid is a secure and yield-generating asset, significantly enhancing the overall value of the Hyperliquid network.
As a pioneer of yield-bearing Bitcoin, Solv has introduced SolvBTC into emerging ecosystems such as Base, Sonic, and Berachain through its staking abstraction layer. Hyperliquid will be Solv's next target, providing Bitcoin holders with a new platform to unleash the full potential of Bitcoin.

#BTC