The secure Chainlink CCIP and proof of reserve are being utilized by Zeus Network to establish a decentralized bridge connecting Bitcoin to the Solana blockchain.
An increasing number of companies are introducing innovations in cross-chain bridge technology. On Tuesday, May 20, Zeus Network implemented Chainlink CCIP—a cross-chain communication layer between Bitcoin and Solana. This widely adopted protocol now enables secure Bitcoin transfers to the Solana network.
Users can now transfer Zeus’s Bitcoin-backed token, zBTC, across Ethereum, Base, and Solana networks. Each zBTC token maintains a 1:1 backing with Bitcoin, and Chainlink’s Proof of Reserve mechanism provides real-time verification.
Justin Wang, founder and CEO of Zeus Network, views the integration as essential for resolving persistent security issues tied to cross-chain transfers. He explained that many of these bridges operate in a centralized manner, exposing users to risks such as hacks and rug pulls.
Wrapped BTC tokens are flawed because they aren’t decentralized — many of them still require KYC, have third-party entities involved in the trading, and ultimately take control away from the user. The Chainlink standard enables this to solve these issues and provide an enhanced experience for our users.
Justin Wang:
Bitcoin Liquidity Flows into Solana Ecosystem
Wang emphasized that the integration allows Bitcoin users to engage with DeFi on the Solana network through a decentralized method while also bringing Bitcoin liquidity into the Solana ecosystem.
zBTC offers users a truly decentralized Bitcoin asset compatible with the Solana ecosystem, now able to be easily transferred across the most widely used chains thanks to our integration of Chainlink CCIP. We are excited to unlock the vast liquidity potential for DeFi on Solana by leveraging Chainlink, powered entirely by Bitcoin.
Justin Wang:
Zeus Network is not the sole company to have recently adopted Chainlink CCIP. In April, for example, Ronin—one of the most widely used blockchain bridges—transitioned its legacy bridge to Chainlink’s standardized protocol. Notably, Ronin experienced a $650 million security breach in March 2022.
