Bitlayer (BTR) is a pioneering Layer 2 project on the Bitcoin platform, using BitVM to provide scalability and smart programming while ensuring security equivalent to Bitcoin. The project connects the Bitcoin ecosystem with DeFi, supports smart contracts, is EVM compatible, and allows the development of dApps in areas such as exchanges, gaming, lending, and staking.
The BTR token serves governance, staking, and incentivizing users to participate. With a fixed supply of 2.1 billion tokens, the allocation includes 80% for liquidity, 15% for the incubator project, and 5% for governance.
Bitlayer has raised 25 million USD from major funds such as Polychain Capital, OKX Ventures, and has recorded a strong increase in TVL, reaching over 429 million USD in 30 days. Mainnet V1 will launch in April 2024, along with an airdrop campaign to attract users.
Bitlayer promises to become an important bridge, bringing Bitcoin closer to a comprehensive DeFi ecosystem.
