#Bitlayer
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
Bitlayer aims to establish itself as a leader in the Bitcoin DeFi space, providing a robust and scalable platform for diverse blockchain ecosystems.
