Bitlayer (BTR) is a next-generation Bitcoin Layer-2 network built using the BitVM architecture, designed to bring smart contracts, DeFi, and high-speed transactions to the Bitcoin ecosystem while preserving Bitcoin’s security. It operates as an optimistic rollup with fraud-proof verification, enabling developers to run EVM-compatible applications and bridge assets between Bitcoin and other blockchains securely.
The native token, BTR, powers the network by enabling staking, governance, transaction fees, and ecosystem incentives. Bitlayer also introduces YBTC, a BTC-backed asset used within its DeFi protocols. Backed by major funding rounds and integrated with platforms like CoinList and Binance Wallet, Bitlayer aims to expand Bitcoin’s utility beyond a store of value into a fully programmable financial layer.
