Zeus Network to Power NASDAQ-Listed Metalpha’s Search for Bitcoin Yield on Solana

Metalpha, a NASDAQ-listed digital asset management firm and crypto derivative product provider, has committed to deploying $BTC on Solana via Zeus Network.

Leveraging Zeus Network’s permissionless cross-chain Bitcoin liquidity portal, Apollo, Metalpha intends to take advantage of Solana DeFi’s diverse BTC-Fi yield strategies.

What does this collaboration say about institutional appetite for BTC on Solana, and how does it solidify $zBTC’s growing presence in Solana DeFi?    

Metalpha Targets BTC-Fi on Solana

For all its gravity, native $BTC on the Bitcoin blockchain is a remarkably unproductive asset. While its value fluctuates, holders are left with little practical utility to generate yield on their $BTC.

For Metalpha, a digital asset wealth management firm, this is evidently a missed opportunity. Through a collaboration with Zeus Network, Metalpha has begun migrating an undisclosed amount of Bitcoin to Solana in the hunt for productive yield-bearing strategies using Zeus Network’s $zBTC.

“With Metalpha joining Zeus Network as a liquidity provider, we’re able to lean into their digital asset management experience to continue developing a more accessible and scalable Bitcoin liquidity solution for institutional Bitcoin owners,” Justin Wang, Zeus Network co-founder and CEO.

Metalpha’s collaboration with Zeus Network demonstrates growing institutional demand for DeFi exposure. After having snubbed DeFi for years, TradFi players are now indicating an eagerness to take part in Solana’s maturing onchain economy using the industry’s most-trusted asset. 

By embracing $zBTC, Metalpha could inspire other wealth managers to migrate their $BTC holdings to the network, establishing trust in Solana and boosting onchain TVL.

$zBTC Surges to New All-Time Highs

Since launching in December 2024, Zeus Network’s $zBTC has witnessed sustained growth as Solana DeFi users adopted decentralized, permissionless Bitcoin onchain. According to Dune Analytics data, $zBTC has soared to new all-time highs of 328, constituting a market capitalization of $36.4M.

The asset’s supply surged by over 18% in the past week. While unconfirmed, this dramatic inflow of capital could be a direct result of Metalpha’s involvement in Solana DeFi.

$zBTC’s steady growth is largely attributed to the diverse range of yield opportunities it provides. Through emerging DeFi protocols like Loopscale and Fragmetric, $zBTC holders can generate yield on their Bitcoin-denominated assets.

Despite it’s consistent growth, $zBTC supply is still significantly smaller than $wBTC and $cbBTC, Solana’s leading $BTC-denominated assets. At press time, $wBTC leads market share, boasting a supply of 3,346 tokens.

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