News from Solv Protocol indicates that the decentralized liquidity financial protocol has reached a major milestone in its operations. The protocol has successfully attracted an investment of more than 12,000 Bitcoin (BTC) across various chains, including Arbitrum, BNB Chain, and Merlin Chain.

Earlier, Binance Labs made a substantial investment in Solv Protocol in January 2022, aiming to boost the adoption of financial NFTs in the cryptocurrency industry. This recent influx of funds into the protocol, totaling over $800 million, is set to be integrated with additional income sources. One of these integrations involves Babylon's restaking income, aiming to enhance the value proposition of SolvBTC.

Babylon, a blockchain project specializing in security-sharing protocols within the decentralized economy, offers promising synergies for Solv Protocol. The integration of Babylon's restaking yield is expected to unlock new use cases for SolvBTC, especially in securing PoS chains, roll-ups, and AVMs.

This move leveraging the liquidity of Bitcoin is set to facilitate its integration into various DeFi protocols, such as zkSync and Linea, enabling SolvBTC bridging and expanding its utility across the broader DeFi ecosystem. Despite significant interest in SolvBTC since its launch in April, as evidenced by one user holding over 158,000 tokens, its current trading volume remains relatively low, standing at $514K over the last 24 hours. At the time of writing, SolvBTC is tracking BTC's price movements, priced at $61,401.