@BitlayerLabs #Bitlayer
๐ Bitlayer โ Powering Bitcoinโs Smart Future ๐ ๐ก
What is Bitlayer?
Bitlayer is a Layer-2 protocol built on Bitcoin ๐ช, combining its legendary security ๐ with smart contract programmability ๐ป & scalability โก.
Using the BitVM paradigm, it supports Ethereum-compatible dApps on Bitcoin without changing the base layer.
โจ Key Features:
๐ BitVM Bridge โ Move BTC into Bitcoin DeFi & other ecosystems like Base, Arbitrum, Starknet, Sonic, Plume.
๐ฆ Bitcoin Rollup Settlement โ Batch transactions off-chain & secure them on Bitcoinโs mainnet.
๐ EVM Compatibility โ Run Ethereum-style apps on Bitcoin with ease.
๐ Achievements & Growth:
โ Mainnet V1 launched April 2024 โ now $550M+ TVL, 300+ projects, & 700K+ users in just 6 months!
โก High throughput, sub-10ms latency, & ultra-low fees.
๐ค Partnerships with top blockchain networks for seamless BTC interoperability.
๐ผ Company & Funding:
๐ Founded in 2023 (Singapore) by Kevin He & CharlieY.
โ Built on AWS for secure, scalable performance.
๐ฐ Raised ~$31M funding; valuation up to $300M.
๐ฅ Why it Matters
Bitlayer is turning Bitcoin from just a store-of-value ๐ฐ into a full DeFi powerhouse ๐ฆ โ unlocking NFTs ๐จ, lending ๐ต, and advanced dApps ๐ โ all secured by the Bitcoin network!