Volume reaches an 8-week peak.
Bitcoin Solver volume reached 55.6616 BTC, up 57.1% week over week and its highest reading in 8 weeks, while net yield held above its trailing trend at 10.38% BTC APY.
The week in numbers.
Each week's settlement volume and the yield it earned.
Solver performance.
Flow concentrated on the BTC → WBTC route into Ethereum, which took 62.3% of weekly volume and gained the most share of any pair. Ethereum carried the large majority of settlement, with Base and Arbitrum splitting the remainder; the per-route table below shows the full distribution.
Net yield firmed alongside the heavier volume, annualizing to 10.38% BTC APY for the week against a trailing anchor of 8.42% BTC APY. A single week annualizes from a small sample, so the trailing figure is the better guide to the run rate.
Highest weekly volume of the trailing 8 weeks (55.6616 BTC / $3.6M).— Volume record
Where volume settled, by chain and route.
| Route · chain | Vol. ₿ | Trades | Share | WoW |
|---|---|---|---|---|
| BTC → WBTCBitcoin → Ethereum | 34.7205 | 36 | 62.3% | +117.0% ▲ |
| BTC → cbBTCBitcoin → Ethereum | 10.1942 | 13 | 18.3% | +196.9% ▲ |
| BTC → cbBTCBitcoin → Base | 7.2667 | 35 | 13.0% | −32.8% ▼ |
| BTC → WBTCBitcoin → Arbitrum | 1.9990 | 4 | 3.5% | −43.5% ▼ |
| cbBTC → BTCBase → Bitcoin | 0.5943 | 17 | 1.0% | −11.0% ▼ |
| Week total | 55.6616 | 117 |
The record to date.
The Solver protocol has settled 215.97 ₿ across 739 trades in the 12 weeks since inception on April 1, 2026 — net-positive in 12 of them.
The latest month against every month before it.
| Month | Vol. ₿ | Trades | BTC APY | MoM |
|---|---|---|---|---|
| April 2026 | 10.09 | 94 | 17.6% | — |
| May 2026 | 66.02 | 230 | 11.7% | +554.6% ▲ |
| Since inception | 215.97 | 739 | 10.1% |
Credit programs.
Both Mezzamine programs are BTC-denominated mining loans, funded and repaid in native Bitcoin. Mezzamine Mining Loan I is fully deployed and has begun returning principal, 15% repaid to date, while Mezzamine Mining Loan II is fully deployed with repayment yet to begin. No new program events occurred this week.
About.
About this report. The Bitcoin Solver provides settlement liquidity for cross-chain Bitcoin flow, earning a spread on each completed settlement. Every figure here is a realized, BTC-denominated result, net of fees — not a quoted or projected rate. Because a single week is a small sample, the trailing four-week and since-inception figures are the more reliable guide to expected performance. This edition was published retrospectively at the launch of the Weekly Report; all figures are computed as of the week shown.
About the Bitcoin Solver. The Solver is one of Maestro Institutional's curated BTC yield vaults — a permissioned, compliant strategy that earns by meeting cross-chain Bitcoin demand, taking deposits and paying distributions in native BTC. Qualified investors can review the terms and live performance on the vault page.
About Maestro. Maestro is building the financial rails for the Bitcoin economy: a vertically integrated stack across data, liquidity, and credit that puts idle Bitcoin to work financing real-world activity. Our mission is to accelerate the world's transition to a financial system backed by energy and anchored by Bitcoin. More on what we're building →
