@BitlayerLabs @BinanceLabs #Bitlayer
The Bitlayer project is led by an experienced team, with core members coming from top companies in the blockchain industry, such as Polygon and Polkadot. The project's co-founder includes Charlie Hu, who leads the team focusing on innovative expansion of Bitcoin. Bitlayer has successfully raised $25 million, with investors including well-known institutions like Polychain, providing solid financial support for the project's development. The team's background emphasizes expertise in multi-chain ecosystems and Layer 2 technologies, having accumulated rich experience in projects like Polygon, promoting cross-chain interoperability and scalability solutions. This background not only ensures the reliability of Bitlayer in technical implementation but also reflects the team's long-term commitment to the Bitcoin ecosystem.
Bitlayer has broad prospects, and with the rise of Bitcoin DeFi (BTCFi), it is expected to become a core infrastructure of the Bitcoin ecosystem. The project has launched the Booster Grants program, offering rewards of up to $1 million to incentivize developers to build applications, which will accelerate ecosystem growth. In the summer release of 2025, Bitlayer showcased significant updates such as BitVM bridging and EVM-compatible Rollup, marking its transition from concept to actual deployment.
In the future, Bitlayer will benefit from the overall upgrades of Bitcoin, such as community discussions on scalability and challenges, including trust-minimized implementations of BTC bridges. This will open up new opportunities for Bitcoin in areas like DeFi, cross-chain, and Web3 gaming. Considering Bitcoin's strengthening position as a store of value, Bitlayer's innovations may drive it toward a functional network transformation, attracting more institutional and developer investment. However, the project also faces challenges, such as a competitive Layer 2 market and the conservatism of the Bitcoin main chain, but its technological leadership and team strength provide it with a competitive advantage. Overall, Bitlayer has the potential to become a leader in the Bitcoin ecosystem in 2025 and beyond, unlocking trillions of dollars in assets.