MonkeDAO Pioneers Bitcoin Integration: Adopts Solana's zBTC Token for DeFi Innovation

The most recognized NFT project on Solana was the first decentralized autonomous organization (DAO) to adopt an actual Bitcoin reserve in history.

The most recognized NFT project on Solana, MonkeDAO, is set to become the first decentralized autonomous organization (DAO) to adopt an actual Bitcoin reserve.

As part of its Strategic Monke Reserve (SMR), MonkeDAO will be acquiring zBTC, a token native to Solana and pegged 1:1 with Bitcoin, on March 28.

Solana’s zBTC token allows Bitcoin holders to participate in DeFi activities such as lending, borrowing, and yield farming in a trustless manner.

MonkeDAO Pioneers Bitcoin Integration: Adopts Solana’s zBTC Token for DeFi Innovation

MonkeDAO, a community-owned NFT project on Solana, is set to become the first DAO organization to have a Bitcoin reserve.

MonkeDAO will acquire zBTC, a token new to the Solana ecosystem made to be pegged 1:1 to Bitcoin, for its Strategic MonkeDAO Bitcoin Reserve.

Unlike bridged or wrapped Bitcoin, zBTC operates in a permissionless manner so that holders can perform DeFi-like lending and borrowing and yield farming directly on Solana.

This strategic venture aims to diversify and make MonkeDAO’s treasury financially sustainable in the long run for its community.

The Solana zBTC token is secured through a two-way trustless peg established via a simple payment verification sidechain with decentralized validators on Zeus Network.

The adoption of the zBTC by MonkeDAO symbolizes the evolution toward a permissionless Bitcoin-deFi ecosystem or BTCFi, targeting trillions of Bitcoin value through capital on Bitcoin.

This is proof of confidence that Bitcoin-backed reserves are becoming ever more real and ultimately puts MonkeDAO at the forefront of Bitcoin DeFi in Solana.

Bitcoin Price Prediction of Last 24 Hours

The trading session began with fluctuations on the 28th through the 29th day of March. The Bitcoin traded in a downward channel region but found a breakout around 04:30 UTC, March 28.

There is a resistance at $85,599 and support at $83,610, which further shows Bitcoin is moving sideways in this range.

Chart 1, analysed by anushrivarshney2613, published on TradingView, March 29, 2025

The Moving Average Convergence Divergence shows several golden crosses which are indicative of possible bullish reversals occurring circumstantially. They are present at 00:40 UTC, 05:45 UTC on March 28th, and again at 03:25 UTC on March 29th.

Multiple death crossovers, hold the price action in the trading range. The relative Strength Index (RSI) continues to alternate between overbought and oversold conditions.

The latest wave of DeFi project integrations, like the MonkeDAO Bitcoin reserve project or Solana’s zBTC token, may enhance liquidity and provide stability in the market. At this point in time, every trader should keep an eye open on such technical indicators and also on the timings of the events that may influence the crypto space so they may navigate the fluctuations well.

Bitcoin: Can It Surpass $140K Amid Growing Institutional Adoption?

Bitcoin’s future seems cautiously optimistic, even though estimates may reach that it could hit between $59,000 and $138,000 that year. The acceptance of the MonkeDAO Bitcoin reserve and Solana zBTC token is a clear indication of growing institutional interest in Bitcoin and DeFi.

Conservative estimates, however, point out that while the bull market might top out as situations exist where Bitcoin may dip. Thus, integrating Bitcoin with DeFi platforms such as the MonkeDAO’s reserve strategy is expected to help improve liquidity and utility-the core important factors toward creating a stronger market environment.