@BitlayerLabs #bitlyerlabs 🔥 Bitcoin Welcomes a New Engine - Bitlayer is Here!
Recently, Bitlayer has been a hot topic in the crypto world. It is a Layer2 network built on top of Bitcoin. Simply put, it’s like adding an “extension” to Bitcoin, allowing it to not only transfer funds but also run smart contracts, engage in DeFi, and facilitate cross-chain interactions.
🚀 Why is it so popular?
• Fast: It can easily handle over 100,000 transactions daily.
• Strong Security: All data ultimately settles back on the Bitcoin main chain, making its security nearly equal to Bitcoin’s.
• Can Make Money: Supports various DeFi projects, with a total value locked (TVL) exceeding 500 million USD at one point.
• Convenient Cross-Chain: Has already integrated with chains like Arbitrum, Base, and Starknet, allowing for smooth asset flow.
💡 The Team + Funding is Solid
The founders come from major companies like Huobi and Polygon, with funding exceeding 25 million USD, backed by large institutions like Polychain, StarkWare, and OKX Ventures.
🔮 A Promising Future
Bitlayer aims to be the “universal base” for Bitcoin, transforming BTC from merely a store of value into a platform that can run various applications like Ethereum. An upgrade to the architecture is also planned for 2025, enhancing cross-chain functionality and the ecosystem.