#Bitlayer 🔍 What is Bitlayer Labs?
Bitlayer Labs is the developer of Bitlayer, a Layer 2 solution for Bitcoin based on the concept of BitVM. This approach aims to expand Bitcoin's functionality without compromising its security, allowing for the execution of complete and scalable smart contracts.
🚀 Key Achievements and Investments:
Series A Funding Round: In 2024, Bitlayer Labs raised US$ 11 million in a Series A round, led by Franklin Templeton and ABCDE Capital, with a market valuation of US$ 300 million.
Funding Expansion: In 2025, the project secured an additional US$ 9 million in an extended Series A round, led by Polychain Capital, raising the total amount raised to US$ 25 million.
🧠 Technology and Innovation:
BitVM: Bitlayer is the first Bitcoin implementation based on BitVM, offering security equivalent to Bitcoin and Turing completeness, enabling the execution of complex smart contracts.
OpVM: A future layer 1 verification solution that combines fraud proofs (BitVM) and validity proofs (based on OP_CAT), aiming to improve the security and scalability of Bitcoin.
🌉 Products and Ecosystem:
BitVM Bridge: A minimized trust bridge that allows Bitcoin liquidity in decentralized finance (DeFi), using the YBTC token, backed 1:1 with BTC.
Bitlayer Ecosystem: Includes projects such as Pumpad, Macaron, Cat Driving Bitcoin (CBD), TrustIn Finance, and Nekoswap, which explore various applications within the Bitlayer ecosystem.
🌐 Visit Bitlayer
For more information and updates, visit the official website: bitlayer.org.
