@BitlayerLabs Bitlayer Labs: Powering Bitcoin's DeFi Revolution 🔥🚀
Bitlayer Labs is igniting Bitcoin's ecosystem with the first Bitcoin Layer 2 solution based on BitVM, enabling Turing-complete smart contracts with Bitcoin's mainnet security 🔥. Launched to unlock DeFi on Bitcoin, Bitlayer offers EVM-compatible tools, letting developers port Ethereum dApps using BTC as the native token 💰.
Technology and Innovation 💡
Bitlayer leverages BitVM for trustless computations, using optimistic rollups and fraud proofs for scalability and low fees (median $0.1) 🚀. Key features include:
BitVM Bridge: Seamless asset transfers between Bitcoin and Layer 2 🌉.
Bitlayer V2: Enhanced rollup for higher throughput ⚡.
Open-Source Tools: BitVM stack on GitHub for developers 🛠️.
Growth and Funding 📈
Bitlayer raised $25M across seed ($5M), Series A ($11M), and an extension ($9M) by October 2024, hitting a $300M valuation 💸. Its TVL soared to $448.8M by August 2025, up 372% in 30 days, lead#ing Bitcoin Layer 2s 🏆.
Partnerships and Community 🤝
Bitlayer partners with top Bitcoin mining pools (AntPool, F2Pool, SpiderPool), controlling 36.2% of hash rate, boosting security 🔒. Community initiatives include $BTR airdrops 🎁, NFT rewards 🎨, and the Bitlayer DApp Center with up to 100M points 🎰. Some reward delay concerns are being addressed 🛠️.
Why It Matters 🌟
Bitlayer's roadmap targets BTC ETF staking and Asian retail markets, making it a DeFi leader 🔥. For Binance users, it promises accessible BTC-based yields and trading 💹. As Bitcoin evolves, Bitlayer is a must-watch for 2025's DeFi landscape 🌍. Dive into their dApps and join the Bitcoin DeFi wave! 🎉🔥
#Bitlayer #Bitlayerlabs