#Bitlayer is a Layer 2 solution for Bitcoin based on the BitVM paradigm, which aims to add smart contract capabilities, high transaction speeds, and EVM compatibility while maintaining the security of the Bitcoin network.

Founded in Singapore in 2023, it is led by Kevin He and Charlie Yechuan Hu, former executives with experience in Huobi, Polygon, and Polkadot.🚀 Key Features and Achievements

Accelerated Growth

Over 550 million USD in Total Value Locked (TVL) within six months of launching the mainnet.

Processes over 150,000 daily transactions.

Supports 300+ projects and has 700,000+ users.

Scalable Infrastructure on AWS

Uses EC2, EBS, and RDS Multi-AZ for high performance and availability.

Reduced 20% in computing costs by optimizing reserved instances.

Funding and Token Sale

Raised approximately 31 million USD in several rounds:

Seed: 5M USD (March 2024)

Series A: 11M USD (July 2024)

Extended Series A: 9M USD (October 2024)

Public ICO: 6M USD (July 31 – August 7, 2025)

ICO Price: $0.15 and $0.20 per token, in two tranches.