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crypto.news 2025-03-27 14:18:56

APOLLO debuts as Solana’s first trustless Bitcoin exchange via Zeus Network

Zeus Network announces the launch of APOLLO, the first fully trustless and decentralized Bitcoin exchange on Solana. Zeus, a multi-chain layer built on the Solana Virtual Machine, is also announcing the introduction of zBTC, a permissionless Bitcoin ( BTC ) asset native to the network. The milestone marks a major step forward for Bitcoin Finance (also known as BTCFi), a growing sector that aims to integrate Bitcoin’s liquidity and security with modern decentralized finance. BTCFi gives Bitcoin holders access to yield opportunities, liquidity pools, and advanced trading strategies. ITS LIVE @ApolloByZeus First Bitcoin on-chain exchange on Zeus Ecosystem The diagrams (attached) will demonstrate; how early the Zeus Ecosystem is, how early you are, and why we're so excited for this year. Turquoise = $wBTC , 3882 Blue = $cbBTC , 3061 Red = $zBTC . 50.43 Let… pic.twitter.com/qVO9bawcPm — Justin | Zeus Network (@dappiokeeper) March 27, 2025 Until now, most Bitcoin decentralized finance use cases depended on wrapped assets managed by centralized entities. ZBTC changes that by offering a direct, non-custodial bridge from native Bitcoin to Solana ( SOL ). With APOLLO, users can lock native BTC and mint zBTC at a 1:1 ratio while having access to on-chain liquidity in a non-custodial, KYC-free environment. During its private mainnet phase, APOLLO noted more than $40 million in volume and it minted 50 zBTC. You might also like: DeFi gets new transparency boost as Credora rates Morpho lending vaults Unlocking cross-chain DeFi zBTC is designed to be integrated across Solana’s top DeFi protocols. Holders can trade on Jupiter, provide liquidity via Raydium, Meteora, and HawkFi, and soon tap into yield optimization vaults through Drift and Neutral Trade. Zeus Network also offers ZeusScan, a purpose-built Proof of Reserves tool that provides on-chain verification of BTC backing—ensuring full transparency for users. Roadmap: swapping, lending, and more APOLLO will soon allow swaps between zBTC, cbBTC, and wBTC, with withdrawals back to native BTC. Features like borrowing and lending through Drift and Save Finance, as well as support for other UTXO assets like DOGE, LTC, and KAS, are also planned. Zeus Network’s ultimate vision is to expand BTCFi on Solana, turning Bitcoin into a fully integrated, yield-bearing asset across a modular, decentralized infrastructure. You might also like: Solana co-founder challenges layer-2s, disputes their relevance

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