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Zeus Network Launches Apollo Bitcoin Exchange On Solana

Zeus Network has launched the Apollo Bitcoin exchange on Solana, introducing $zBTC, a permissionless Bitcoin-pegged token, to the network for the first time.

Haider Jamal
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.

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Haider Jamal

Content Strategist

Haider is a fintech enthusiast and Content Strategist at CryptoWeekly with over four years in the Crypto & Blockchain industry. He began his writing journey with a blog after graduating from Monash University Malaysia. Passionate about storytelling and content creation, he blends creativity with insight. Haider is driven to grow professionally while always seeking the next big idea.