Bitlayer is a leading Bitcoin Layer-2 infrastructure project that utilizes innovative BitVM bridging technology and Bitcoin Rollup architecture to perfectly combine Bitcoin's strong security with high performance and smart contract capabilities.
Its core advantages include:
• The first truly trust-minimized BTC bridge based on the BitVM bridging mechanism, enabling Bitcoin to enter the DeFi world without changes to the underlying protocol.
• Providing a high-throughput Rollup that is EVM compatible, supporting fast and low-cost execution of smart contracts, achieving a combination of Bitcoin's native security and programmability.
In addition, Bitlayer excels at the infrastructure level:
• The project was founded in 2023, headquartered in Singapore, and the technical team comes from top backgrounds such as Huobi, Polygon, Polkadot, etc.
• Within 6 months of the mainnet launch, the total locked value exceeded $550 million, with daily transactions exceeding 150,000, supporting the deployment of over 300 projects, and a user base reaching over 700,000, while effectively reducing computing costs by 20% through AWS architecture.
In terms of ecosystem development, Bitlayer adheres to open collaboration:
• It has integrated Chainlink's CCIP cross-chain infrastructure and supports real-time data streams, enhancing cross-chain communication capabilities.
• It has initiated YBTC, a yield-bearing stable asset backed 1:1 by BTC, and built a rich array of DeFi application scenarios, such as lending, trading, staking, etc., allowing Bitcoin to truly become a productive asset.
