Zeus Network Officially Launches APOLLO, First On-Chain Bitcoin Exchange on Solana

• 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 months. It will be simpler than ever to manage Bitcoin holdings across protocols and formats when APOLLO allows users to switch between zBTC, cbBTC, and wBTC and withdraw any version back to native Bitcoin. Users will have more freedom and control thanks to this modular structure, which will also improve market efficiency. Along with many other things, users will be able to borrow and lend funds on Drift and Save Finance.

Onboarding institutional liquidity partners, including other UTXO-based assets like DOGE, LTC, and KAS, and evolving ZPL-assets to improve liquidity coverage are among Zeus Network’s top goals for the future. As Zeus continues to build BTCFi on Solana, other Bitcoin-native apps will be released on Solana.

The Solana Virtual Machine (SVM) serves as the foundation for the multi-chain layer Zeus Network, which enables permissionless communication between Bitcoin and other significant blockchain ecosystems. It creates safe, scalable cross-chain connections by smoothly integrating liquidity from UTXO-based blockchains like Litecoin, Dogecoin, and Kaspa as well as Bitcoin into the Solana ecosystem.

Zeus Network’s flagship dApp, APOLLO, enables the Solana-native asset, zBTC, to unleash Bitcoin finance (BTCFi) prospects on Solana by showcasing the decentralized, trustless integration of native Bitcoin using a lock-mint mechanism.