#Bitlayer @BitlayerLabs

Bitlayer is the first Bitcoin Layer 2 project based on BitVM, with a public sale price of $0.20 and a fully diluted valuation (FDV) of $200 million. The project has received support from top institutions, with a total value locked (TVL) close to $500 million, but the tokens have not yet been listed for circulation. The technology is highly innovative but still in the early stages, and the investment value depends on technical execution capabilities and market competitive position.

Project Overview

**Bitlayer** is an innovative Bitcoin Layer 2 solution built on the BitVM technology paradigm, aimed at bringing DeFi functionalities to the Bitcoin ecosystem. The project was established in 2021 and has completed multiple rounds of financing totaling approximately $31 million.