According to Odaily, the decentralized Bitcoin reserve protocol Solv Protocol has enabled SolvBTC redemption on Ethereum, BNB Chain, Merlin, and Arbitrum. Over the past month, the platform has seen a net inflow of 2,467 Bitcoins, with the BNB Chain alone contributing a record-breaking 5,375 Bitcoins.

Currently, the total value locked (TVL) on the Solv Protocol platform has surpassed $1.4 billion, with Bitcoin holdings exceeding 19,000 BTC. This achievement places Solv Protocol ahead of several public chains like Arbitrum and Polygon, as well as various Bitcoin ETFs, establishing it as one of the largest decentralized Bitcoin liquidity centers.