Introduction to the upcoming TGE tomorrow and the recent Bitlayer project on Binance Alpha. I believe many people are still unclear about what the TGE project is about, so today I will introduce @BitlayerLabs, the potential dark horse of Bitcoin Layer 2 (BTR). This thing is a Layer 2 solution for Bitcoin, simply put, it adds a 'turbocharger' to BTC, allowing it to run smart contracts and DeFi, similar to Ethereum's scaling layer, but relying on Bitcoin's ironclad security and finality. Bitlayer uses BitVM technology to achieve this, enabling developers to build complex DApps on BTC without altering Bitcoin's core code. Transforming from a simple piggy bank to an all-in-one application platform, super cool! In terms of financing, Bitlayer has already raised $25 million. In July 2024, Franklin Templeton and ABCDE led an $11 million Series A investment, and in October, Polychain Capital followed up with an additional $9 million to expand Series A. A total of 6 rounds of financing, the backing of these major VC players indicates that the project is reliable and the market is optimistic. As for the public offering, the BTR token will be sold on CoinList from July 31, 2025, to August 7, with pre-sales on Holdstation Launchpad and Binance Wallet. Binance has allocated 30 million BTR (3% of total supply) for DeFi rewards, raising $400,000 in BNB before TGE, with a quota of 20 million BTR. The public offering has just ended, and BTR should be listed soon; the price hasn't been set yet. By the way, I remember when I looked at their public offering, it seemed to be $0.2 and the community activity level is quite good! Regarding future plays: Doing DeFi on Bitcoin, such as lending, DEX, liquidity mining; also NFT markets, games, and cross-chain bridges. Just think, running high-performance DApps within Bitcoin's secure fortress will attract a large wave of institutional money. The project might also explore AI and RWA, like tokenizing real estate or artworks, with limitless boundaries. The project is pretty good, and after it goes live, it is highly likely to become the leader of Bitcoin Layer 2 #Bitlayer.