Bitlayer Labs is a Singapore-based blockchain startup, founded in 2023, that’s pioneering a Bitcoin-centric Layer-2 solution built on the BitVM paradigm. It combines Bitcoin’s security with Turing-complete smart contract functionality, offering compatibility with Ethereum toolchains, including EVM and Solana VM . The platform delivers sub-second transaction speeds and low fees, enabled by an innovative rollup and “escape-pod” mechanism for added asset safety . Bitlayer has powered over 200 decentralized apps, with a peak Total Value Locked (TVL) around $850 million, and raised roughly $25 million in funding across multiple rounds .
