Zeus Network Officially Launches APOLLO, First On-Chain Bitcoin Exchange on Solana
The post Zeus Network Officially Launches APOLLO, First On-Chain Bitcoin Exchange on Solana appeared on BitcoinEthereumNews.com.
Bitcoin holders may now utilize Solana’s DeFi ecosystem, enabling cross-chain Bitcoin liquidity. Zeus Network’s flagship dApp, APOLLO, enables the Solana-native asset, zBTC, to unleash Bitcoin finance (BTCFi) prospects on Solana. The first on-chain Bitcoin exchange developed on Solana, APOLLO, Zeus Network’s flagship decentralized application, was formally launched. Zeus Network has unveiled zBTC, the first fully permissionless Bitcoin asset on Solana, in addition to APOLLO. Bitcoin holders may now utilize Solana’s DeFi ecosystem, enabling cross-chain Bitcoin liquidity, without depending on centralized wrapped solutions. APOLLO adds Bitcoin liquidity in a completely decentralized, non-custodial setting by enabling users to lock native BTC and mint zBTC directly on Solana at a 1:1 ratio. While traditional wrapped Bitcoin models depend on opaque systems and centralized custodians, APOLLO and zBTC provide a transparent, trustless experience free from custodial concerns and KYC requirements. During the private mainnet phase, the platform has shown a great deal of interest, minting 50 zBTC before launch and registering over $40 million in on-chain volume. With a range of decentralized financial services that take use of Bitcoin’s unparalleled liquidity and security to interface with contemporary DeFi infrastructure, APOLLO’s debut marks the arrival of Bitcoin Finance, also known as BTCFi, on Solana. Bitcoin holders may now engage in a variety of DeFi strategies across Solana by using zBTC, such as trading zBTC on Jupiter and offering liquidity on Meteora, HawkFi, and Raydium. In the near future, vault tactics for yield optimization will also be introduced, including depositing zBTC on Drift and Neutral Trade. Through ZeusScan, a specially designed Proof of Reserves system that guarantees every Bitcoin transaction is completely auditable, Zeus Network further offers on-chain insight into Bitcoin reserves. This utility preserves the integrity of APOLLO’s trustless architecture while bolstering user confidence. Zeus Network intends to roll out additional services that further modularize Bitcoin liquidity in the next…
Filed under: News - @ March 28, 2025 10:25 am