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Bitcoin Staking Revolution: Solv Protocol Leads the Charge with $470M TVL

  • Bitcoin staking protocol Solv Protocol has amassed $470 million in TVL on Bitcoin mainnet, surpassing Lightning Network's $310 million.
  • Solv Protocol released their Staking Abstraction Layer (SAL) technology, aiming to simplify and standardize Bitcoin staking across various blockchain networks.
  • SAL addresses key challenges in integrating Bitcoin into the DeFi ecosystem, enhancing Bitcoin's utility in various applications.
  • The TVL milestone coincides with Bitcoin's price hovering around $61,000.

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