Everyone should be familiar with the Bitlayer project by now. The booster pre-sale that just ended at 6 PM today allowed 3 BNB to be staked for over 1300 coins.
The current value is still unknown, but the public offering price on coinlist is 0.2, which might really be a big deal🤔
I. What is Bitlayer? Why is it worth paying attention to?
Project positioning: Bitlayer is the world's first execution layer based on Bitcoin's security level, achieving EVM compatibility through the BitVM architecture, opening up smart contract capabilities while ensuring the security of the BTC mainnet.
Ecological growth: In recent years, the number of BTC Layer-2 projects has increased from about 10 in 2021 to over 75, receiving more than 36% of venture capital support for Bitcoin L2, indicating that this sector is gradually becoming a hotspot for capital and technology.
Development foundation: Bitlayer has established a foundation for TVL and ecological deployment (although specific data needs to be obtained from official sources, project financing and on-chain deployment have laid a solid foundation for its growth).
II. Why might the surge in BTC drive Bitlayer?
1. Linkage drives capital inflow
As a value-storing asset, the price increase of BTC often enhances the wealth effect for investors, which also increases attention and potential investment in ecological projects.
2. Capital flows into investment tools
Although BTC itself does not generate returns, buying into Bitlayer and other L2 projects can yield on-chain returns and participation in the DApp ecosystem, hence capital may naturally flow from BTC into L2 investments.
3. Narrative drives market sentiment
When BTC rises, the narrative of 'programmable Bitcoin' is more likely to gain traction. Bitlayer is at the core of this new narrative, naturally attracting developers and capital.
Of course, whether the short-term can drive a surge in Bitlayer still depends on specific capital conditions, project disclosures, and the situation of discounts and premiums in the secondary market. However, from a medium to long-term perspective, the strong performance of BTC indeed provides a very important window period for Bitlayer.
Bitcoin has currently stabilized around the $121,000 mark, and market sentiment is high. Bitlayer, as the world's first execution layer based on Bitcoin's security level, occupies an important position in the BTC L2 boom. With TVL reaching $850 million, over 200 DApps deployed, and support from capital and analytical tools, this may be the best time to track the next wave of Bitcoin ecosystem explosion.