APOLLO Debuts as Solana’s First Trustless Bitcoin Exchange via Zeus Network

Zeus Network has introduced APOLLO, the first trustless and decentralized Bitcoin exchange on the Solana blockchain. This launch marks a significant step in Bitcoin Finance (BTCFi), a sector focused on bringing Bitcoin’s liquidity and security to decentralized finance (DeFi).

Until now, decentralized finance applications involving Bitcoin typically relied on wrapped versions of Bitcoin, managed by centralized entities. However, with the introduction of zBTC, Zeus Network offers a permissionless, non-custodial bridge for native Bitcoin to Solana. This allows Bitcoin holders to lock native BTC and mint zBTC at a 1:1 ratio, providing access to Solana’s decentralized liquidity in a trustless and KYC-free environment.

During its private mainnet phase, APOLLO processed over $40 million in volume and minted 50 zBTC, showcasing its strong market uptake. zBTC is designed to integrate seamlessly across Solana’s top DeFi protocols, including trading on Jupiter, providing liquidity on Raydium, Meteora, and HawkFi, and engaging in yield optimization with Drift and Neutral Trade.

Zeus Network also introduced ZeusScan, a tool that ensures on-chain verification of Bitcoin reserves, providing users with full transparency regarding the backing of their assets.

Looking ahead, APOLLO plans to add more features such as swaps between zBTC, cbBTC, and wBTC, and allow withdrawals back to native BTC. Zeus Network also plans to expand its offerings, including lending, borrowing, and supporting other UTXO assets such as DOGE, LTC, and KAS.

Zeus Network’s broader goal is to expand BTCFi on Solana, turning Bitcoin into a fully integrated, yield-bearing asset across a decentralized infrastructure, which promises to enhance Bitcoin’s role in the growing DeFi ecosystem.