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.