TechFlow news, on October 14, according to CoinDesk, Bitcoin staking platform Solv Protocol has raised $11 million in funding at a $200 million valuation. Investors include Laser Digital, a subsidiary of Nomura Securities, Blockchain Capital, and OKX Ventures. Solv's SolvBTC product has deployed over 20,000 BTC (approximately $1.3 billion) across 10 major blockchain networks.
Ryan Chow, co-founder of Solv, said that if Bitcoin reaches Ethereum's current staking rate of 28%, it could unlock $330 billion in value. Currently, Babylon, a Bitcoin staking platform, has already attracted more than $1.5 billion in staked assets, indicating strong demand in this sector. However, this scale remains far below major staking platforms on Ethereum such as Lido ($23.7 billion) and EigenLayer ($10.9 billion).
