## Solv Protocol and Soneium Join Forces to Grow Kiyosaki: Global Economy Declining, Predicts Bitcoin at 0,000 Holding
The Bitcoin holding platform Solv Protocol is collaborating with Soneium, an Ethereum Layer-2 blockchain supported by Sony Group, to introduce Bitcoin holding to the Soneium network.
Solv Protocol revealed the partnership on their official Medium page on March 6, aiming to connect Bitcoin (BTC) with the expanding decentralized finance (DeFi) ecosystems of Ethereum (ETH).
Through this combination, SolvBTC owners will have the opportunity to hold their assets within the Soneium ecosystem, collecting rewards and obtaining access to cross-chain liquidity. SolvBTC is a token supported 1:1 by Bitcoin, which users can get by depositing Bitcoin into Solv Protocol.
Additionally, SolvBTC.LSTs, a liquid holding token, will allow for more advanced yield tactics, increasing flexibility and scalability for Bitcoin users. A key element of this project is Solv’s Holding Abstraction Layer (SAL), which simplifies the holding process across various blockchains.
SAL makes it simpler for Bitcoin owners to take part in DeFi, expanding the functionality of the cryptocurrency beyond just holding or trading.
Soneium, created by Sony’s Sony Block Solutions Labs in partnership with Web3 infrastructure company Startale, has quickly gained popularity in the DeFi space. Launched in August 2024, the network’s high-performance infrastructure is created to support innovative decentralized applications. According to DefiLlama, as of March 6, its total locked value has reached $45 million across 19 dApps.
The network has already handled over 47 million transactions and accumulated 4 million active addresses. Some of the fastest-growing DeFi applications, including decentralized exchanges (DEXs) like Kyo Finance, Velodrome, and Sonex, can be found within Soneium’s ecosystem.
This collaboration comes at a time when Bitcoin holding is becoming increasingly well-known, as more investors look for ways to earn passive income from their Bitcoin holdings.
Although the exact details of upcoming teamwork are yet to be defined, both sides have indicated that there will be further progress down the road to broaden the use of Bitcoin in the decentralized finance arena.
