Here is a summary of the Solv Protocol token and its basic information:
✔️ Ticker:
The ticker symbol used on exchanges is SOLV
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ℹ️ Quick Overview of SOLV:
🔗 What is Solv Protocol?
It is a decentralized protocol that enables linking Bitcoin with decentralized finance (DeFi) through the "Staking Abstraction Layer" (SAL), providing the ability to earn yields while maintaining Bitcoin liquidity through the SolvBTC product and Liquid Staking Tokens (LSTs)
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💰 Main Uses of SOLV Token:
Governance: SOLV holders can participate in voting on protocol decisions.
Staking: SOLV can be locked in SAL to earn emission rewards.
Fee Reduction: A fee reduction feature, such as redemption fees when using SolvBTC
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🔢 Supply Distribution:
Total Supply Available (Genesis Supply): Approximately 8.4 billion SOLV.
Max Supply: Approximately 9.66 billion SOLV.
Current Circulating Supply: Approximately 1.48 billion SOLV (~15–18% of Max Supply)
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💵 Price and Market (as of July 2025):
The current price ranges between 0.04 – 0.045 USD for the higher rate, with slight changes of approximately ±1% over the last 24 hours
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Total Market Cap: Approximately 60–65 million dollars.