Bitcoin DeFi project Solv to launch native token on Hyperliquid
Summary
Solv Protocol is set to launch its native token, SOLV, on Hyperliquid, a layer-1 blockchain focused on trading. This will be one of the first token launches on Hyperliquid's spot exchange, which lists around a dozen tokens. The specific launch date for SOLV has not been announced. Hyperliquid has secured over $2.5 billion in total value locked since its May launch and specializes in leveraged perpetual trading. New token listings on Hyperliquid occur every 31 hours through a permissionless auction process, with Solv paying approximately $130,000 for its listing slot. Solv is a Bitcoin staking platform managing over $3 billion in total value locked and aims to create a yield-bearing Bitcoin reserve for DeFi.
