@BitlayerLabs
Bitlayer distinguishes itself with its unique approach to implementing BitVM, attracting both liquidity and users alike. Regardless of BTC price movements, the Bitcoin ecosystem continues to grow, with Bitlayer leading this effort. Bitlayer has seen significant growth since we first covered the emerging protocol just a few weeks ago. The team just appeared at the GM Blockchain Week in Vietnam and will also be at EthCC, which will take place next month, taking a very proactive stance when it comes to promoting the work they are doing and the BitVM thesis in general. The average gas fee for Bitlayer is currently priced at $0.4, and the TVL of the protocol has nearly tripled since then, sitting at approximately $354 million. This places the protocol in 2nd place when ranking Bitcoin chains by TVL. Bitlayer is ranked second after the Merlin chain, which holds the number 1 spot. The TVL of this chain has more than doubled on just Day 1 last month. The Bitlayer ecosystem has grown to over 100 dApps.
Bitlayer has been operational for just a few weeks and has already shown some impressive growth. The chain surpassed the 1M transaction milestone, with peak activity alongside BTC price.
