Bitlayer is a Layer-2 solution on Bitcoin that brings smart contracts, high scalability, and Bitcoin-level security into the DeFi ecosystem. Built with the BitVM paradigm, Bitlayer enables Turing-complete contract execution while relying on Bitcoin's security.
Bitlayer operates through:
BitVM Bridge: Trust-minimized bridge between Bitcoin and various EVM chains, such as Base, Arbitrum, Starknet, Plume, and others.
Bitcoin Rollup Architecture: All data changes are validated under Bitcoin's security for strong finality.
EVM-Compatible Execution Engine: Sub-10 ms execution engine with Ethereum compatibility, allowing EVM developers to deploy applications without major modifications.
YBTC: 1:1 stability token backed by BTC, used for gas and DeFi within the Bitlayer ecosystem.
Funding & BTR Token
Bitlayer has raised around $25–31 million through Seed, Series A, and ICO/IDO.
ICO Drops
CryptoRank
CoinLaunch
Public offering through IDO/ICO on CoinList, with a total raise of around $6.4 million, valuation (FDV) around $200–300 million, and total supply of 1 billion BTR.
CryptoRank
CoinLaunch
CoinGecko
BTR Token functions as:
Staking & Node Voting
Governance (determining upgrades, fees, important parameters)
Fee Switch: a portion of network fees can be directed to staking or buyback based on community votes.
Collaboration with Binance Wallet
Bitlayer actively partners with Binance Wallet through various engaging campaigns.
BTCFI Carnival (Dec 2024–Jan 2025): Airdrop of up to $1.2 million BTR with various activities such as social tasks, BTC verification, and daily check-ins.
Booster Program (2025): Multi-phase challenge in the Binance Wallet, total reward of 30 million BTR (~3% of total supply) for users who complete certain tasks.
Pre-TGE Event: Binance Wallet users can subscribe to BTR before listing, with a total raise of around $400,000 via BNB—tokens locked until transacted.
Phase 3 (TGE): Airdrop and rewards of up to 50 million BTR, target TVL above $500 million, over 300 dApps in the ecosystem, and technical roadmap such as sub-second final confirmation via rollup V2 and preview V3.
Bitlayer is not only changing how DeFi operates on Bitcoin but also opening doors for further innovation, ranging from staking, smart contracts, to cross-chain interoperability. With community support and partnerships like Binance, the growth potential of Bitlayer is immense.
