Final Zeus Network testnet launches with 15,000 wallets in the first 72 hours Share
Cryptocurrency Aug 12, 2024Zeus Network, a permissionless communication layer on Solana (SOL), has launched the final testnet for its first decentralized application APOLLO, according to the latest info shared with Finbold on August 12.
Built on the Zeus Program Library (ZPL), the testnet has seen 15,000 wallets connected within 72 hours, underscoring the potential of integrating Bitcoin (BTC) liquidity with the Solana ecosystem.
The APOLLO testnet
The APOLLO testnet is designed to optimize the role Bitcoin plays in decentralized finance (DeFi) on Solana, enabling users to convert Bitcoin to Solana’s native zBTC token.
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This is critical to Bitcoin’s utility within DeFi and helps set the stage for the upcoming ZEUS token utility and staking program, which is itself set to aid the integration of Bitcoin liquidity within Solana.
Zeus Network’s testnet has seen steady growth, the initial phase launching six months ago with 4,000 users and evolving into a community of 70,000 participants.
The current and final testnet is expected to attract more than 100,000 users.
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APOLLO user engagement programs
APOLLO lets participants claim test Bitcoin (tBTC) tokens, deposit them on the platform for conversion to zBTC, and withdraw zBTC back to the Bitcoin blockchain.
The testnet supports multiple wallets, such as Muses Wallet (a Bitcoin wallet exclusive to the APOLLO Testnet), Solana Wallet, and Bitcoin Devnet Wallet.
Additionally, it features programs like the Two-way Peg Program and zBTC Minting Program, with additional liquidity management progams to be announced.
Alongside the testnet, Zeus Network has introduced a testnet point system on Galxe called “Prophecy of Light.”
Participants can earn Galxe Loyalty Points by engaging with the testnet, and the points can later be redeemed for rewards on the APOLLO mainnet.
With these developments and initiatives, Zeus Network helps clear the path for Solana as a premier hub for a number of ecosystems and millions of users across various blockchains.