Solana-to-Bitcoin cross-chain bridge Zeus Network’s native token, ZEUS, experienced a significant price surge, increasing by 19% in a single day to $0.2931. As of now, ZEUS remains up by 11.6% in the last 24 hours, trading at $0.2705. During the same period, the trading volume for the crypto asset hovered around $15.5 million, marking a 59% jump over the past week.

Moreover, ZEUS’s market cap surged to $45.4 million. However, it is still down 75% from its all-time high of $1.11, reached on April 8. The price surge followed an announcement from Zeus Network on July 15 about upcoming upgrades aimed at enhancing the APOLLO Testnet and developing ZeusScan and Muses Wallet to ensure a seamless Mainnet Beta experience.

Upcoming Upgrades and Enhancements

The upcoming upgrades for Zeus Network are set to drive the transformative public testing phase. Enhancements include:

  • ZeusScan: This will offer real-time monitoring and management of ZPL assets on Solana, providing visibility, security, and specialized insights for asset tracking.
  • Muses Wallet: Launching as a multi-chain wallet extension, it will manage ZPL assets on Solana and other blockchains.

ZPL is a set of Solana Virtual Machine (SVM) programs that enables developers to integrate native Solana support into decentralized applications and facilitate transactions across multiple blockchains.

Utilization of ZEUS Tokens

Similar to Jupiter’s JUP token, ZEUS tokens are utilized within the Zeus Network for various functions. The network enhances security as token holders can use ZEUS to bolster protective measures for transactions and interactions. ZEUS tokens also facilitate access to services, including transaction fee payments, smart contract operations, and special feature access.

In terms of governance, ZEUS token holders can vote on crucial platform decisions, such as protocol upgrades and development directions, involving the community in the network’s management.

The Zeus Network incentivizes contributions that support network growth and functionality by offering ZEUS tokens as rewards. These incentives include liquidity provision, token staking, and participation in community initiatives, encouraging active engagement within the ecosystem.

Spot Trading and Notable Support

OKX has listed the ZEUS token for spot trading, enabling ZEUS/USDT transactions. This integration aims to leverage Solana’s scalability alongside Bitcoin’s security, enhancing the potential for decentralized applications and secure financial services.

Zeus Network is supported by notable figures such as Solana co-founder Anatoly Yakovenko and Stacks co-founder Muneeb Ali. On April 8, the protocol successfully raised $8 million in funding, achieving a valuation of $100 million. This funding supported the development of a cross-chain infrastructure, aiming to bridge Solana with Bitcoin and Litecoin, marking a significant step forward in blockchain interoperability.

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