March 29, 2025
The $zBTC Token
On March 27th, Zeus Network launched $zBTC alongside Apollo, allowing users to lock native $BTC on Bitcoin and mint $zBTC on Solana. Like $wBTC and $cbBTC, $zBTC provides greater capital efficiency for DeFi and smoothens Bitcoin integration into Solana.
Source: Solana
Each $zBTC token is backed 1:1 by Bitcoin, with reserves verifiable on ZeusScan. Zeus Network uses decentralized ZeusNodes and MPC technology for secure Bitcoin custody. The Zeus Foundation is also the largest issuer of $zBTC, with 31.52 BTC (58.25% of the total supply).
$zBTC’s Competition
$zBTC faces competition from well-established Bitcoin-pegged tokens like $wBTC and $cbBTC, which have a combined market cap of $588.4M and are integrated into DeFi platforms like Kamino Finance.
Although $zBTC currently holds only 0.77% of the market share, Zeus Network plans to expand its utility with upcoming app integrations, potentially increasing its adoption over time.
