1. Bitlayer Strategic Upgrade: From L2 to Full-Stack BTCFi Infrastructure**

At the summer launch event in 2025, Bitlayer co-founders Kevin He and Charlie Hu announced three groundbreaking advancements:

1. **BitVM Bridge Mainnet Beta Launch**: The first trust-minimized cross-chain bridge based on the BitVM paradigm, which locks BTC through smart contracts and generates 1:1 pegged YBTC, without the need for centralized custody or soft forks. It is currently integrated with public chains such as Sui, Arbitrum, and Base, and has received technical support from mining pools like Antpool and F2Pool.

2. **Network V2 White Paper Released**: Upgraded to Rollup architecture, core features include:

- **Bitcoin-Level Security**: Verifying all transactions on the Bitcoin chain through BitVM fraud proofs;

- **Sub-Second Transaction Finality**: Meeting high-frequency trading needs;

- **Decentralized Sequencer** and **Asset Escape Pod**, ensuring censorship resistance and user asset security.

3. **V3 Architecture Preview**: Aiming for high-performance execution, targeting sub-millisecond latency, horizontally scalable architecture, and CEX-level user experience.

2. Ecological Explosion: Data Growth and Reward Frenzy**

- **On-Chain Metrics Soaring**: TVL surpasses $435 million, cumulative address count reaches 787,000, with July trading volume hitting 69.3 million transactions (monthly increase of 22%).

- **Booster Event Phase 2 in Full Swing** (as of August 14 UTC):

- **Prize Pool**: 7.5 million BTR (total value over $1.2 million);

- **Task Guide** (participate via Binance Wallet):

- Mint YBTC.B: Rewards divided by tier (e.g., ≥0.5 YBTC.B shares 600,000 BTR among the top 300);

- Bitzap Dex Trading: Complete 1 Swap to share 800,000 BTR (top 40,000), 3 swaps enter a lottery for 300,000 BTR;

- **Holding Lucky Helmet NFT**: Exclusive prize pool of 800,000 BTR (top 400). @BitlayerLabs #bitlayer

3. Why is Bitlayer the Future of BTCFi?**

1. **Technical Moat**: BitVM, as the first operational Bitcoin smart contract framework, solves the contradiction between security and scalability;

2. **Capital Backing**: Raised $25 million in financing from institutions like Polychain Capital and Franklin Templeton;

3. **Ecological Expansion**: In-depth cooperation with Binance Wallet, with participant numbers exceeding 500,000, and leading projects like DeSyn and DeAgentAI being integrated.