@BitlayerLabs #Bitlayer Bitlayer is the first Bitcoin Layer 2 solution based on the BitVM paradigm, designed to enhance Bitcoin's scalability and programmability for DeFi applications. It combines Bitcoin's security with a high-performance smart contract engine, enabling features like the BitVM Bridge for trust-minimized BTC interoperability across chains such as Sui, Base, Arbitrum, and Starknet. The project aims to build an open Bitcoin DeFi ecosystem, supporting scalable, low-cost applications via a Bitcoin Rollup powered by BitVM and Real-time EVM.Founders/Team: Built by a team with experience from Huobi, Polygon, and Polkadot, including early ecosystem builders and investors in Polkadot and Tezos.

Funding: Raised $5M in a Seed Round (backed by Framework Ventures and ABCDE) and $20M in a Series A Round (led by Polychain Capital and Franklin Templeton)