Zeus Network's APOLLO dApp Connects 15,000 Wallets in 72 Hours, Boosts Bitcoin Liquidity on Solana

August 13, 2024
Zeus Network's APOLLO dApp Connects 15,000 Wallets in 72 Hours, Boosts Bitcoin Liquidity on Solana
  • Zeus Network launched its first decentralized application (dApp) called APOLLO on August 8, 2024, as part of its initiative to integrate Bitcoin liquidity into the Solana ecosystem.

  • The APOLLO testnet has already connected over 15,000 wallets within just 72 hours of its launch, demonstrating significant engagement from the crypto community.

  • Previous testnets have shown increasing participation, starting with 4,000 users six months ago and growing to over 70,000, with expectations that the final testnet will engage over 100,000 participants.

  • The APOLLO testnet is a key component of Zeus Network's strategy to facilitate seamless Bitcoin liquidity integration into Solana, paving the way for a future ZEUS token utility and staking program.

  • The testnet allows users to convert Bitcoin into zBTC, a token native to Solana, thereby enhancing Bitcoin's utility in decentralized finance (DeFi).

  • Users can claim test Bitcoin (tBTC), deposit it on the APOLLO platform for conversion to zBTC, and withdraw zBTC back to the Bitcoin blockchain.

  • The testnet supports multiple wallet connections, including Muses Wallet, Solana Wallet, and Bitcoin Devnet Wallet, and features programs like the Two-way Peg Program and zBTC Minting Program.

  • Zeus Network has also introduced a testnet point system on Galxe called 'Prophecy of Light,' allowing participants to earn loyalty points for future rewards on the APOLLO mainnet.

  • These loyalty points can be redeemed for future rewards on the APOLLO mainnet, incentivizing user engagement.

  • The initiative seeks to make Solana the leading hub for diverse blockchain ecosystems by facilitating cross-chain decentralized application communication.

  • Zeus Network aims to transform blockchain interactions by providing interoperability within the Solana ecosystem, powered by the Solana Virtual Machine (SVM).

  • The launch of APOLLO is a significant step in Zeus Network's broader strategy to enhance Bitcoin liquidity integration into Solana.

Summary based on 2 sources


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