Zeus Network has launched APOLLO, the first on-chain Bitcoin exchange on Solana, introducing zBTC, a permissionless Bitcoin asset for seamless integration into Solana's DeFi ecosystem.
APOLLO allows users to lock native BTC and mint zBTC on Solana, offering a trustless experience without custodial issues or KYC processes. The platform has processed more than $40 million in on-chain volume during private mainnet testing.
Users can now swap zBTC on Jupiter, borrow against it on Raydium, HawkFi, and Meteora, and access advanced yield optimization strategies through Drift and Neutral Trade, providing flexibility in a secure, non-custodial environment.
Zeus Network's multi-chain framework, powered by the Solana Virtual Machine (SVM), supports permissionless cross-chain interaction between Bitcoin and other blockchain protocols, solidifying Solana's position as a decentralized finance leader.