Basic introduction about Solv
Solv Protocol is an on-chain DEFI ecosystem that, in addition to supporting Bitcoin staking, also has innovative financial NFTs and innovative features that allow users to create digital bonds.
About my understanding
I actually think that Solv Protocol is a brand new DEFI solution. In addition to amplifying Bitcoin liquidity and availability, it also promotes on-chain liquidity. Financial NFTs represent investment shares, bonds, or other financial instruments in the form of vNFTs, which enhances asset liquidity and trading flexibility. The financial instruments provided include user-creatable digital bonds and token locking tools, which greatly promote the development of on-chain liquidity and finance.
About financing
As of October 14, 2024, Solv Protocol has completed four rounds of financing, including investments from Binacne Labs, Laser Digital, and OKX Ventures, and has received a total of US$24 million in financing.
About Solv’s TVL
By the end of 2024, Solv Protocol's TVL reached US$3 billion.
About Token Supply
Max Supply: 9,660,000,000 (100%)
Initial supply: 8,400,000,000 (86.96%)
Initial circulation: 1,482,600,000 (15.35%)
Mining allocation: 588,000,000 (6.09%)
Prediction of the launch price
I predict the price of Solv from two levels. The first is the market value of the two most recent new coins listed, and the twentieth is the current market value of projects with the same TVL in the same track.
The last three new coins to be listed were BIO and VANA, which reached the highest peaks of 1.18 billion and 1.08 billion respectively in the short term after going online. Therefore, under the current situation, the sentiment for the listing of new coins is favorable, and the circulating market value has a high probability of reaching 1 billion US dollars.
At the same time, in the DEFI sector, the project with a TVL of approximately equal size is JITO, and its current market capitalization is 825 million. Therefore, I personally believe that Solv has the potential to reach a market capitalization of 600-1 billion in the short term after its launch, with a reference price of around 0.4~0.67U. Long-term development requires a combination of the BSC ecosystem and Solv's own situation.
About a digression
A few days ago, Solv Protocol’s official Twitter account was stolen. After a short period of confusion, the team quickly took back control. The co-founder stated that they would be responsible for all users who lost money. This is not common in past official Twitter account thefts, and it may demonstrate the team’s sense of responsibility and responsibility to users.