From 'Value Island' to 'Financial Hub': Bitlayer Restructures Bitcoin
Bitcoin used to be like a 'value island'—high in value but difficult to circulate, unable to interact with the financial ecosystems of other blockchains. The @BitlayerLabs developed #Bitlayer , which is using technology to transform this 'island' into a 'financial hub', making Bitcoin a key node connecting global DeFi.
The technology of @BitlayerLabs is the core of 'building bridges and roads': BitVM bridging technology has built a 'cross-chain bridge', allowing Bitcoin to access ecosystems like Ethereum and Solana through this bridge, for instance, exchanging Bitcoin for ETH on Ethereum, and then using ETH to participate in DeFi mining, enabling the assets of different chains to increase in value; Rollup technology has created an 'internal expressway', where Bitcoin transactions on #Bitlayer are fast and inexpensive, maximizing the efficiency of 'internal circulation' as a hub; YBTC has become the 'universal currency of the hub', allowing users to connect to local DeFi protocols in any ecosystem with YBTC, offering strong adaptability.
The aggregation of ecosystems makes the 'hub' function more comprehensive. Now, #Bitlayer has both cross-chain exchanges that can exchange mainstream global tokens; it also has yield aggregation platforms that automatically help users find the highest yield opportunities for Bitcoin; and there is also an NFT cross-chain market where Bitcoin can be exchanged for popular NFTs from other chains. @BitlayerLabs is also connecting with traditional financial institutions, and in the future, Bitcoin may be able to connect to compliant financial products through this hub, continuously expanding its application boundaries.
Today's Bitcoin no longer exists in isolation—#Bitlayer has made it the 'traffic center' of the DeFi ecosystem. @BitlayerLabs is reconstructing the way value flows through technology; by joining this hub, the financial scenarios accessible with your Bitcoin are more numerous than ever before. Bitlayer
