@SolvProtocol recently announced an unexpected news: “$SOLV is about to launch on Hyperliquid.”
What impact will it have when the 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 prominent project like Solv, the top centralized exchanges (CEX) are usually prioritized as the platform for token listings. However, this time Solv chose Hyperliquid as the primary platform for its token release. What makes this unconventional choice so special?
Hyperliquid is an on-chain exchange known for its user experience, trading speed, and transparency, which has gained significant attention within the blockchain community. However, most of the tokens listed on its platform are memecoins (a type of cryptocurrency based on social trends).
Solv is the first project to invest six figures on Hyperliquid, with their initial bid at $128,345.67. Today, this auction price has soared to $500,000, and even peaked 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 pushed its flagship product SolvBTC towards the upcoming Hyperliquid L1 network.
Currently, Solv holds over 25,000 BTC in reserves, 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 over 15 blockchains, laying the groundwork for deep integration with the Hyperliquid ecosystem in the future.
Hyperliquid is still in the early stages of development. In the future, the platform may expand from its 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 collateral for dollar contracts.


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


To realize these expansions, Hyperliquid needs a significant inflow of Bitcoin into its ecosystem, which also requires a reliable Bitcoin cross-chain solution.
In addition, the upcoming HyperEVM (Ethereum Virtual Machine-compatible network) from Hyperliquid will make it a complete L1 blockchain. This transformation, combined with the evolving DeFi ecosystem of Hyperliquid and its decentralized exchange (DEX) demand for Bitcoin derivatives, further solidifies SolvBTC's status as the preferred Bitcoin asset on the Hyperliquid network.
Through SolvBTC, Bitcoin holders can earn 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 income-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 become Solv's next target, providing Bitcoin holders with a new platform to unlock the full potential of Bitcoin.

#BTC