Solv Protocol made a leap in the DeFi platform rankings, earning $1.48 million in the past 24 hours to secure the 6th position on DefiLlama's list of top-performing platforms.

Solv Protocol Records

In the last 24 hours, Solv Protocol generated $1.48 million in fees, surpassing Solana with $1.24 million and Uniswap with $1.15 million, thus earning the 6th spot in the DefiLlama ranking for fee revenues.

Achievements in the BTCFi Ecosystem

The platform shows significant growth, reaching $1.4 billion in total value locked (TVL) within the BTCFi ecosystem, which is the highest among other projects. Solv Protocol aims to unlock the potential of over $1 trillion in Bitcoin assets through its SolvBTC product.

Market Competition

According to DefiLlama data, Tether leads the list of cryptocurrency projects with the highest fee revenues, generating $13 million in the last 24 hours. Circle ranked second with $4 million, and Lido, an Ethereum retaking platform, earned $2 million, securing the third spot.

Solv Protocol continues to strengthen its position in the DeFi market, surpassing competitors like Solana and Uniswap in fee revenue rankings. The release of the SOLV token is expected in the second half of 2024.