Solana-to-Bitcoin cross-chain bridge will be launched in Q3 2024

The ZPL-powered zBTC token will enable Bitcoin holders to interact with the Solana DeFi ecosystem. Zeus Network, a Solana-to-Bitcoin cross-chain bridge, will debut its Zeus Programme Library (ZPL) in Q3 2024, connecting the two ecosystems. 

“These ZPL-Assets unlock a world of opportunities on Solana,” Zues Network stated on May 1. Previously challenging DeFi, GameFi, SocialFi, DePIN, and other activities are now facilitated on the Bitcoin blockchain.

ZPL is a collection of Solana Virtual Machine (SVM) programs that allow developers to add native Solana support to decentralized applications and power transactions across various blockchains. ZPL-Assets can represent both fungible assets like cryptocurrencies and non-fungible assets like NFTs. Bitcoin’s market cap is almost 1.2 trillion dollars and it transferred over $135 million in fees within the first week of its launch. ZPL and the Apollo bridge protocol allow users to deposit Bitcoin BTC $57,257 and receive ZPL-wrapped zBTC tokens. Solana tokens have versatile use cases including decentralized exchanges, NFT marketplaces, borrowing, lending, gaming, and social activities.

Developers intend to expand ZPL-supported Solana assets to include Bitcoin Runes and Ordinals, branded “zRuneX” and “zOrdX,” respectively. Other objectives on the Q3 plan include implementing Bitcoin staking on the Apollo mainnet. Solana co-founder Anatoly Yakovenko and Stacks co-founder Muneeb Ali support Zeus Network. On April 8, the protocol closed a $8 million fundraising round at a valuation of $100 million. Bitcoin Runes is a new token standard that was released in April. It enhances the functionality of the Bitcoin blockchain by enabling users to tokenize various real-world assets, including real estate, equities, commodities, and even other cryptocurrencies like stablecoins.

Bitcoin Ordinals is a numbering system that allocates a unique number to each satoshi, or one hundred millionth of a Bitcoin, allowing for the tracking, transferring, and minting of unique assets on the blockchain. The introduction of such innovative protocols has revived the Bitcoin decentralized application ecosystem. Orders Exchange integrated with Bitcoin Runes protocol to create fungible tokens on the local network, and an asset bridge was built with MicroVisionChain for BRC-20 token trades.

Buy and sell crypto in minutes with 0.20% trading fees at Bitdenex  Exchange.