OKX Ventures, the investment arm of the famous cryptocurrency exchange and Web3 technology company OKX, announced that it has made a strategic investment in Zeus Network, which offers the first and only permissionless communication layer on Solana and Bitcoin.
OKX Ventures Invested in Zeus Network
This investment underlines OKX's commitment to driving innovation and advancing the decentralized finance (DeFi) environment.
Zeus Network is poised to revolutionize the blockchain space by providing dynamic and secure composability, facilitating seamless user engagement, and enhancing liquidity interaction within a decentralized ecosystem.
The platform's Mainnet launch, expected in the coming months, marks an important milestone in the evolution of blockchain technology. The project has garnered investor interest, with Zeus Network's fully diluted valuation (FDV) exceeding US$1 billion.
As the primary driving force behind the development of Zeus Network, the Solana ecosystem has shown significant growth, processing 278.9 billion transactions to date with an impressive transaction per second (tps) rate of 2,366.
In particular, Solana's Decentralized Exchange (DEX) volume has exceeded that of Ethereum in recent weeks, indicating the rising importance of the network.
Additionally, Bitcoin miners generated a notable $1.7 billion in revenue in March as the Bitcoin network continues to thrive with more than 25.7 million active addresses last month.
OKX Ventures Founder Dora Yue, in her statement regarding the investment, underlined Zeus Network's pioneering approach to integrating smart programs and consensus mechanisms.
He highlighted the platform's role in shaping the future of cross-chain communication and promoting interoperability between Solana, Bitcoin and other digital assets.
*This is not investment advice.