A recent keyword in the Bitcoin ecosystem is 'asset activation,' especially after the launch of the BTC ETF and the price recovery, leading to a noticeable increase in market attention towards BTC Layer 2 (L2). Bitlayer, as the first EVM-compatible Rollup based on Bitcoin, aims not just to be a simple scaling solution but to open up a complete DeFi and smart contract market for BTC. It is built on the OP Stack and introduces a BTC cross-chain asset bridge, allowing BTC to participate in various applications such as lending, trading, and staking on-chain with nearly zero friction.
One of Bitlayer's core advantages is its compatibility with EVM, meaning that developers and DApps from the Ethereum ecosystem can quickly migrate over, reducing the ecological cold start costs. For ordinary users, this is equivalent to directly bringing BTC into Ethereum-style gameplay, significantly enhancing asset utilization and liquidity. At the same time, Bitlayer is also advancing its security model, ensuring the security of cross-chain BTC through multi-signature, cross-chain verification, and Layer 1 settlement.
Considering the trend, BTC L2 is a high-certainty track this year. The scalability of the Bitcoin main chain itself is limited, while solutions like Bitlayer inherit the security of BTC and are compatible with the flexibility of Ethereum. With BTC positioned as a collateral asset and a global store of value, this new channel that can release on-chain profits is likely to attract a large amount of BTC capital migration in the long term, thus forming a network effect.
