#bitlayerlabs #bitlayer As an important participant in the Bitcoin ecosystem, Kevin He pointed out that this pessimistic sentiment stems from overly high expectations of the BTC ecosystem in the early days. The true value of the Bitcoin ecosystem lies in its **potential for massive financial activities to migrate from off-chain to on-chain**.

On July 23, 2025, Bitlayer Labs announced the completion of a $11 million Series A funding round, becoming the **first Bitcoin infrastructure project to receive institutional investment with ETF approval**. Previously, the project had secured $5 million in seed funding led by Framework Ventures and ABCDE Capital.

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### 01 Technological Breakthrough: How BitVM Solves Bitcoin's "Impossible Triangle"

Bitcoin, as the gold standard of the crypto world, has long faced an awkward situation: the **conflict between on-chain value storage and the lack of off-chain functionality**. Its underlying design is positioned as a payment system, rather than a DeFi or on-chain application platform.