#Bitlayer @BitlayerLabs Bitlayer is a Bitcoin Layer 2 solution designed to enhance the Bitcoin ecosystem with advanced decentralized finance (DeFi) applications. It utilizes the BitVM paradigm, enabling smart contract emulation through pre-signed transaction graphs, and leverages Bitcoin's security while increasing transaction throughput and flexibility.

*Key Features:*

- *BitVM Bridge*: A trust-minimized mechanism for secure and efficient cross-chain transfers of Bitcoin (BTC).

- *Bitlayer Network*: A Bitcoin Rollup powered by BitVM stack and Real-time EVM, enabling real-time, low-cost, and scalable Bitcoin DeFi applications.

*Investments and Partnerships:*

- Raised $25 million in 6 funding rounds, including investments from Framework Ventures, Polychain Capital, Franklin Templeton, and OKX Ventures.

- Strategic partnerships with industry heavyweights like Arbitrum, Celestia, StakeStone, and Starknet.

*Token Information:*

- Token Name: Bitlayer (BTR)

- Total Supply: 1 billion BTR

- Circulating Supply: 261.6 million BTR

- Token Generation Event (TGE): Scheduled for Q3 2025

*Use Cases:*

- Lending

- Trading on decentralized exchanges

- Staking

- Cross-chain transfers