Written in advance:

A couple of days ago, Circle officially submitted its IPO, with a valuation of up to $7.2 billion, pricing at $31 per share. Behind this is the dual benefit of stablecoin policies in the U.S. and Hong Kong, as well as a true reflection of the full explosion of the RWA (real-world assets) concept. Friends familiar with the matter know that I have been closely observing the RWA track; whether it is interest rate cuts, expansion of the balance sheet, or the promotion of stablecoin legislation, all are supportive news for RWA.

From Wall Street's Blackstone and BlackRock to the surge of stablecoin concept stocks in A-shares, RWA has become the hottest keyword in the crypto market for 2025. However, amidst a narrative centered on USDC, USDe, and T-bills, one project has quietly shifted the battlefield to the Bitcoin ecosystem - it is called Solv Protocol.

This article participates in the Binance Square writing activity #BTC赛道龙头Solv进军RWA , and is not an investment recommendation, and the current $SOLV is by no means a strong K-line formation that can be entered (there will be analysis in the body)

Investment involves risks, and one should act cautiously; do your own research.

Body:

1. Project analysis: How does Solv make BTC 'useful'?

Once upon a time, when we talked about Bitcoin, we always mentioned terms like 'store of value,' 'digital gold,' and 'anti-inflation.'

But Solv's goal goes further - to generate yield from BTC, making it a true financial production factor.

Before understanding the Solv project, we need to know what it does:

Solv is a Bitcoin protocol that offers a variety of services from BTC staking to yield vaults. In 2025, Solv will focus on RWA and institutional-level adoption of Bitcoin as a strategic priority, providing RWA asset yields from financial institutions such as Blackrock BUIDL and Hamilton Lane SCOPE, promoting Bitcoin's practicality and scalability in the financial sector.

1.1 From Buy to Earn: The new role of BTC

Solv's core product, SolvBTC, transforms the traditional 'Buy and Hold' approach into a new financial model of 'Buy and Earn', simply put, it is a form of DeFi.

It builds a BTC yield vault, connects RWA, creates cross-chain liquidity, and serves as a bridge for CeDeFi (combining centralized and decentralized finance), allowing BTC to no longer 'sleep' but to start generating yields like the dollar, to be composable like USDC, and to be accounted for like government bonds.

Currently, Solv has covered:

  • Binance Earn: Become the first BTC yield strategy provider on Binance On-Chain Yield, with an annualized return of up to 3.9%

  • Solana: The first institutional-level BTC yield product launched on Solana, accommodating $3 billion monthly trading volume of BTC liquidity

  • RWA Integration: Connecting with BlackRock BUIDL and Hamilton Lane SCOPE to inject RWA returns into the BTC vault

  • Shariah Certification: Launching the world's first Shariah-compliant BTC yield product, opening the door to sovereign capital in the Middle East

Behind this series of initiatives is a clear and unprecedented positioning:

Solv aims to become the 'on-chain MicroStrategy' of Bitcoin finance, or even the 'on-chain BlackRock.'

1.2 Technical architecture: SAL standard and multi-chain liquidity

Solv does not stop at yield products but is also building an industry standard for Bitcoin staking: SAL (Staking Abstraction Layer).

SAL integrates four roles: staking protocols, liquid staking token issuers (LST Issuers), staking guardians, and yield distributors, providing users with a unified interface:

  • Efficient, transparent, cross-chain staking experience

  • Diverse BTC yield models (RWA, yield protocols, DeFi nesting)

  • Accessing 15 chains + 50+ protocols, building the strongest liquidity network in the Bitcoin ecosystem

The goal of SAL is to make Bitcoin composable, abstract, and packageable into standardized assets like Ethereum.

2. Investment potential: The leading BTCFi player crossing bull and bear markets

2.1 Basic data summary

Solv has grown rapidly over the past six months:

  • TVL exceeds $2.5 billion

  • Total BTC reserves of 27,000 coins

  • The number of BTC used in yield-type BTC products reaches 15,018 coins

  • Total user base exceeds 1 million

  • Annual revenue of approximately $20 million

These data make Solv the world's seventh-largest holder of Bitcoin, second only to BTC ETF and MSTR - truly an on-chain 'MicroStrategy.'

2.2 Endorsement by first-tier institutions

Solv has no shortage of star resources behind it:

  • Investment institutions: Notable capital such as Binance Labs, Blockchain Capital, OKX Ventures, Laser Digital, etc.

  • Partners: Binance, OKX, BlackRock, Hamilton Lane, Nomura, CoreDAO

  • Compliance Certification: Obtained Shariah certification from Amanie Advisors, serving clients including Franklin Templeton, Daman, Nomura

When traditional finance and DeFi top players choose the same protocol, we can at least be sure: Solv's technical capabilities and product design have been recognized by the mainstream market.

2.3 Who is swimming naked after the BTC ecosystem retreat?

Solv started in the BTC ecosystem and is a major explorer in the DeFi field for BTC. However, last year and early this year, the BTC ecosystem issued coins one after another, but no one expected that the soaring BTC due to ETF would seem to have been drained in terms of ecological performance. The inscription sector of ordi and sats has been sluggish, and major ecosystems like Merlin have launched and then fallen, unable to rise again. Honestly, the only project worth watching in the current track is Solv.

Through cooperation with Binance, making wealth management vibrant and achieving stable positive income.

It can be said that Solv has proven itself capable of navigating through bull and bear markets based on its performance in the BTC ecosystem.

3. Future trend observation: BTC × RWA × Institutionalization

3.1 Why Bitcoin? Or rather, why only Bitcoin?

Currently, the total market capitalization of BTC is nearly $2 trillion, with institutional holdings exceeding 14%. However, most assets are still in a 'passive holding' state - this is the biggest gold mine in Solv's eyes.

In the future, as the halving reduces miner income and the demand for holding yields increases, BTC tokenization and yield generation are irreversible major trends.

Solv is one of the few protocols currently bringing RWA returns directly into Bitcoin assets, which means:

BTC no longer just connects wallet addresses but connects cash flows from Wall Street and balance sheets of sovereign funds.

3.2 The MENA market has unlimited potential, driven by liquidity from wealthy headscarf brothers

The Middle Eastern market is an important new highland for the institutionalization of Bitcoin.

Solv has obtained Shariah compliance certification, becoming the first halal BTC yield product, and is expected to connect $5 trillion in sovereign capital from Saudi Arabia, the UAE, Kuwait, and other regions.

This is a treasure trove of Alibaba, and Solv has a key to it. The entire cryptocurrency world is moving towards the headscarf brother, with Binance accepting investments and OKX obtaining a license in Dubai, all converging together, the value is indeed good.

4. When should I buy $SOLV?

1. Currently, $SOLV is positioned below a clear horizontal resistance level, and considering my view that the current market is not strongly bullish, the formation here is actually slightly weak, not a very good entry point;

On May 31, SOLV experienced a surge in volatility, which has actually tested the price reaction at the 0.03 support level once before; this is actually a good footnote;

3. If the subsequent market conditions are poor, especially if BTC is weak, $SOLV one can consider establishing a large inverse head and shoulders pattern at the 0.03 stabilization level, which will be the best risk-reward position, a must-buy;

4. If the recent market conditions are strong, and SOLV can consistently hold above the current price range (above 0.041), laying out spot positions while waiting for positive news may be a good move.

Summary: The ultimate imagination of RWA × BTC may be opened up by Solv

If Circle's IPO shows the explosive capital potential of stablecoins + RWA, then Solv is the most imaginative BTC protocol player in this trend.

It is not just a bridge between CeFi and DeFi; it is the key hub connecting real yields, financial standards, and compliant capital in the BTC world.

  • If MicroStrategy is the largest representation of BTC in the U.S. stock market, Solv may be the best footnote for BTC on-chain;

  • If USDC is a stable mapping of the dollar, SolvBTC may be the financial decomposed version of Bitcoin;

  • If BlackRock ETF changes the investment structure of BTC, Solv may take it a step further to change the financial attributes of BTC.

Final advice: Don't FOMO, don't FOMO, don't FOMO. If this article has helped you understand the Solv project, please give me a free like and share; it really matters to me, thank you!