In the world of cryptocurrency, Bitcoin (BTC) has long been regarded as a store of value, accounting for over 50% of the total market capitalization of cryptocurrencies. However, due to its cross-chain compatibility and limitations of financial instruments, over $1 trillion of Bitcoin assets have remained 'idle' for a long time, failing to realize their financial potential. Solv Protocol (@Solv Protocol ) as an innovative decentralized finance (DeFi) platform is dedicated to changing this situation by seamlessly integrating Bitcoin into the DeFi ecosystem through its unique 'Staking Abstraction Layer' (SAL), SolvBTC, and liquid staking tokens (LSTs), providing holders with diversified yield opportunities while maintaining the liquidity and security of their assets. This article will delve into the background of Solv Protocol, its core features, token economic model, team and partners, as well as its future potential in the Bitcoin finance (BTCFi) sector. Project Background and Mission Solv Protocol was established in October 2020, initially focusing on promoting DeFi innovation through financial NFT technology, later shifting its focus to the Bitcoin ecosystem, aiming to unlock the potential of over $1 trillion in Bitcoin assets. According to official materials, the mission of Solv Protocol is to transform 'idle Bitcoin into actively generating assets' and to build a Bitcoin-centric DeFi ecosystem. Through its core products, Solv Protocol not only provides retail investors with simplified staking and yield acquisition methods but also attracts the attention of institutional investors, striving to bridge the gap between traditional finance and DeFi.
As of August 2025, Solv Protocol has attracted over 590,000 users who have staked approximately 9,159 BTC, with a total locked value (TVL) reaching $1.09 billion. Its market share in the BTCFi space ranks second only to Lombard, demonstrating strong growth momentum.
Core Features and Products The core innovation of Solv Protocol lies in its Staking Abstraction Layer (SAL), SolvBTC, and SolvBTC.LSTs, which together form an efficient, secure, and user-friendly Bitcoin staking ecosystem.
Token economics and SOLV token The native token of the Solv Protocol is SOLV, used for governance, staking, and fee discounts. The total supply of SOLV is 9.66 billion tokens, with an initial total supply of 8.4 billion tokens and an initial circulating supply of 1.4826 billion tokens (17.65% of the initial total). The token distribution is as follows:
Team and Advisors: 11.30%
Community Airdrop: 7.39%
Community Rewards and DAO Treasury: 15.65%
Ecosystem Development: 7.08%
Private Investors: 25.10%
Bitcoin Reserve Offering (BRO): 13.04%
The main uses of the SOLV token include:
Governance: Holders can participate in decisions such as protocol upgrades and parameter adjustments.
Staking: By staking SOLV on the SAL, users can earn protocol rewards.
Fee Discounts: Using SOLV to pay transaction fees grants discounts.
Furthermore, Solv Protocol plans to launch three rounds of Bitcoin Reserve Offerings (BRO) in 2025, with each issuance of 42 million SOLV tokens for convertible bond sales to increase the Bitcoin reserves held by the protocol. These bonds will mature after one year, allowing investors to redeem SOLV tokens in the first to third quarters of 2026.
Team and Partners The team of Solv Protocol is composed of experienced professionals:
Solv Protocol has received support from numerous top investment institutions, including Binance Labs, Blockchain Capital, OKX Ventures, and CMT Digital, with a total financing amount of $25 million. Additionally, the project has established partnerships with DeFi protocols such as Chainlink, PancakeSwap, DODO, and liquidity staking platforms like Babylon and Ethena, further enhancing the robustness of its ecosystem.
Community and Social Media Dynamics On the X platform, Solv Protocol (@SolvProtocol) has garnered widespread attention. For example, @Cipher2X praised Solv Protocol for bringing Bitcoin into the DeFi core through SolvBTC in a post on August 11, 2025, supporting cross-chain compatibility and liquid staking across 15+ networks. @nihaovand also posted on March 17, 2025, analyzing Solv Protocol's potential in the BTCFi space, considering it a key project for institutional fund adoption. These discussions reflect community recognition of Solv Protocol's innovations in Bitcoin finance. Future Developments and Challenges The roadmap of Solv Protocol indicates that its future plans include:
Despite the bright prospects, Solv Protocol faces some challenges. For instance, in December 2025, there were concerns about TVL manipulation (FUD), leading some funds to flow to competitor Lombard. Additionally, future increases in SOLV token supply from BRO could pose risks of market sell pressure. Investors need to closely monitor these dynamics.
Conclusion: Solv Protocol provides Bitcoin holders with a secure, transparent, and efficient way to participate in DeFi through its innovative SAL, SolvBTC, and LSTs. Its multi-chain compatibility, liquidity, and high-yield opportunities position it prominently in the BTCFi space. Backed by top-tier investment institutions and strong community support, Solv Protocol is reshaping Bitcoin's role in decentralized finance. Whether for retail investors or institutional users, Solv Protocol offers an opportunity to convert idle Bitcoin into active capital. As DeFi and BTCFi continue to evolve, Solv Protocol $SOLV is expected to become a key pillar of the Bitcoin economy, warranting close attention from investors and crypto enthusiasts.
