Solv Protocol is set to launch its native token, SOLV, on Hyperliquid, a layer-1 blockchain focused on trading, marking one of the first token launches on its spot exchange. The specific launch date is yet to be announced, and Solv has invested approximately $130,000 for the listing slot through a Dutch auction process.Hyperliquid has garnered over $2.5 billion in total value locked since its May launch and specializes in leveraged trading. Solv, which manages over $3 billion in total value locked, offers Bitcoin staking across various blockchain networks and aims to create a yield-bearing Bitcoin reserve in DeFi.