Native Bitcoin is now available to anyone without permission on Solana, marking a new chapter in the multichain ecosystem.
Banks → Bitcoin
From ancient Mesopotamia’s grain loans to Renaissance Italy’s merchant banks to modern central banking, the financial system has relied on middlemen managing ledgers and access.
In 2009, Satoshi Nakamoto introduced Bitcoin to the world: a system for moving money without banks, aiming to revolutionize the centuries-old centralized banking system.
Despite Bitcoin’s immense potential, its true power has remained largely untapped. Technical limitations have kept Bitcoin confined to wallets and cold storage or dependent on centralized bridges and wrapped tokens.
New Chapter for Bitcoin Finance
With the launch of zBTC and APOLLO, Bitcoin is moving beyond its transitional version, which featured central control and wrapped tokens.
A new Bitcoin ecosystem is emerging on Solana, where permissionless Bitcoin transforms from a store of value into a foundation for on-chain decentralized applications, redefining the future of world currencies.
Ecosystem: Bitcoin <> Solana
A new era of Bitcoin finance (BTCFi) has begun with APOLLO and zBTC.
The Native Bitcoin on Solana
The successful launch of APOLLO and zBTC on March 27th, 2025, marks a breakthrough for both Bitcoin and Solana ecosystems: For the first time, Bitcoin becomes permissionlessly usable across a fast, composable digital asset, while Solana gains direct access to decentralized BTC liquidity.zBTC is offering an opportunity for Solana builders to build on Bitcoin.
Solana is for Builders
Starting as an NFT and meme community, Solana got beaten down to the ground and came back to the top 5 leaderboard of blockchains.
The success is undoubtedly due to the confidence of builders and the efforts they have put into development, which makes the ecosystem stronger every day.
Solana is open for anyone to settle in and thrive together, and the permissionless nature of zBTC is where dreamers can make their dreams come true without concern about asset manipulation.
Build on (Solana) Bitcoin
What sets zBTC apart from other wrapped BTC tokens in the Solana ecosystem, such as cbBTC (Coinbase) and WBTC (Wrapped Bitcoin), is its accessibility. Since zBTC eliminates centralized issuer control, Solana builders can create Bitcoin dApps without requiring permission.
This benefits builders in building real decentralized Bitcoin applications and strengthens the vibrant Solana community.
Community-Owned Bitcoin
The history of Bitcoin as a reserve asset has evolved from MicroStrategy to Tesla, from El Salvador to the US, and from off-chain cold storages to on-chain holdings.
Now, decentralized entities can acquire zBTC directly as on-chain reserves and put it to work in decentralized applications.
MonkeDAO, one of the most active and historically significant decentralized autonomous organizations (DAOs), has added zBTC as a treasury reserve. This acquisition opens new possibilities for zBTC, positioning it as an option for Solana-based DAOs to hold 1:1 pegged Bitcoin.
As a community-owned Bitcoin solution, zBTC ensures that DAO reserves remain free from centralized control, strengthening treasury security and creating opportunities for DAOs to participate in BTCFi.
- Learn more: Milestone: MonkeDAO Adds Community-Owned zBTC to Treasury as Reserve Asset
Network Stats
- Period: Mar. 7th, 2025 ~ Apr. 6th, 2025
Top Milestones
- Launched APOLLO and zBTC to the public
- MonkeDAO Reserves zBTC in Treasury
- Auditing of ZPL completed with Sec 3
- Onboarded Anagram as Guardian
Value Captured
- Highest BTC Price: $88,462
- Locked BTC Increased: 23.53388 BTC
- Total Network Volume (BTC): 491.34428 (+94.62699 / ↑23.85%)
- Total Network Volume (USD): 43,465,299 (+3,088,603 / ↑7.65%)
- Total Interactions: 1,753 (+1,037 / ↑69.05%)
- Unique Addresses: 426 (+360 / ↑545.45%)
Guardian Status
- Live: 4 (Zeus Foundation, Mechanism Capital, Animoca Ventures & Anagram)
- Onboarding: 4 (Axia8 Ventures, Sec3, UTXO Management & Karatage)
Delegation & Capacity
- Total ZEUS Delegated: 6.5M (+2M / ↑44.44%)
- Total BTC Capacity: 325 BTC (+100 / ↑44.44%)
- Total Delegation Openings: 4 (Including 1 Guardian Initiation)
- Total Delegators: 621 (+100 / ↑19.42%)
Future Development
Solana is Ready for more Bitcoin
APOLLO led the way to accessing the untapped Bitcoin liquidity while also proving that the framework of Zeus Network can truly connect Bitcoin and Solana.
The journey begins with liquidity flowing in, and the builders on Solana are ready to leverage to build on Bitcoin.
Upcoming Milestones: Q2 2025
- Institutional BTC: Onboard 1–2 Institutional Guardians, bringing substantial BTC liquidity.
- Bitcoin dApps: Launch 3–5 new protocols currently under development by builders.
- DOGE & LTC: Completion of research and development, soon proof of concept presentation.
- APOLLO Mainnet v2: Implementation of permissionless cbBTC ↔ BTC withdrawal support.
- ZPL SDK: Release the developer interface and tools for builders to build on top.
Solana is the Apple for Bitcoin dApp
As humanity evolves, we seek to maximize development in all areas, whether it’s faster transportation, taller buildings, or greater outcomes at lower costs.
Bitcoin can only achieve mass adoption by expanding its utilities beyond being a store of value. Solana is the most promising blockchain that can take Bitcoin and the decentralized world to the next level, beginning with applications that fulfill our pursuit of capital efficiency with Bitcoin.
