The new BitlayerLabs token is a Layer 2 #Bitcoin protocol designed to provide real utility, speed, and interoperability for the Bitcoin ecosystem. Based on Bitcoin's native security, it utilizes a #BitVM bridge that minimizes trust and a high-throughput Bitcoin Rollup to create a complete DeFi infrastructure.
This platform offers a fast and scalable environment for dApps with real-time EVM compatibility while leveraging the optimal security of the Bitcoin network. The innovative BitVM bridge ensures secure asset transfers, with established partnerships with major chains.
The native token, #BTR, is at the center of the network, allowing governance and staking to ensure security. With significant growth in TVL and a robust ecosystem, Bitlayer is turning Bitcoin into a productive asset for the decentralized finance world.
