Hey, guys, today I must talk to you about the hardcore strength of Bitlayer Labs!
In 2023, Bitlayer Labs emerged with a clear goal: to build a powerful 'computing layer' for Bitcoin. What does this mean? Simply put, it is to make Bitcoin transactions lightning-fast and cost-effective, while fully inheriting the unbreakable security of Bitcoin. We adopted cutting-edge BitVM technology, integrating zero-knowledge proofs, fraud proofs, and other advanced cryptography to construct a Bitcoin-native Layer 2 network. It’s like equipping Bitcoin with a rocket engine, allowing it to fly fast without losing its decentralized core!
This Layer 2 is extraordinary; it is the world’s first Bitcoin Layer 2 solution based on BitVM, perfectly balancing security and Turing completeness. What is Turing completeness? It means it can do great things! Developers can use familiar tools like EVM and SolanaVM to develop a variety of rich decentralized applications (DApps) in the Bitcoin ecosystem. We also adopted PoS consensus mechanism and Rollup architecture to ensure that transaction confirmations are completed quickly, and states are periodically anchored back to the Bitcoin main chain, maximizing security!
Cross-chain bridges? We are exceptionally skilled at it!
Let’s also talk about BitVM Bridge Mainnet, which is a tough guy! This cross-chain bridge requires no intermediaries and fully relies on technology to achieve minimal trust, allowing users to mint Bitcoin 1:1 into YBTC tokens for direct use in Bitlayer Rollup and other ecosystems. The introduction of the BitVM smart contract framework truly realizes 'minimal trust', opening up a new wide space for cross-chain interactions of Bitcoin!
On the path of evolution, we are making steady progress!
Our network architecture is also evolving step by step, continuously iterating and upgrading. In April 2024, Mainnet-V1 successfully launched, integrating PoS and multi-signature, cross-chain functionality, EVM compatibility, and other core features. Mainnet-V2 is even more advanced, introducing a fraud-proof mechanism based on BitVM to ensure that every step of state transition can be effectively verified on the Bitcoin main chain. Looking forward to V3, we will focus on high-performance trading engines, clustered architecture, and user experiences comparable to centralized exchanges (CEX), easily meeting the demands of institutional-level trading and large-scale DeFi applications!
Ecosystem? We are thriving!
We have established close cooperation with numerous blockchain networks and Bitcoin mining pools, and the integration and real-time processing capability of YBTC is no problem at all. We have also launched an attractive 'Ready Player One' incentive program, offering over 50 million USD in token rewards, attracting global developers to enthusiastically build projects on our mainnet. Currently, the total locked value (TVL) of DeFi in our ecosystem has exceeded 500 million USD, with the number of ecosystem projects surpassing 300, showcasing limitless growth potential!
Funding? We are not short of money at all!
Speaking of financial strength, Bitlayer Labs is very confident, with a total financing amount of up to 25 million USD! From seed rounds to Series A, and then to the Series A extension, we have received strong support from top investment institutions such as Framework Ventures, ABCDE Capital, Franklin Templeton, and Polychain Capital. Especially Franklin Templeton, as an institution licensed for ETFs, they are the first to invest in Bitcoin Layer 2 with us at Bitlayer Labs! How impressive is that?
Tokens? Of course, it’s $BLT!
Our native token $BLT has a total supply of 21 billion. The token distribution is clear and distinct, covering liquidity provision, ecosystem incubation, advisor incentives, and exchange foundations, among other aspects. We have also actively conducted airdrop activities, token sales, and collaborated with Binance Wallet to launch reward programs, keeping community interest on the rise. Of course, we also acknowledge that there is room for improvement in terms of transparency of the token economic model and SEO performance.
In 2025, we will continue to make bold moves!
In the summer of 2025, we launched the BitVM Bridge Mainnet, V2 white paper, and V3 architecture preview at our press conference. Our co-founder Kevin He even went to the Conviction 2025 event in Ho Chi Minh City, Vietnam, to discuss the rise and future of Bitcoin DeFi with industry peers. Our activity in the industry is absolutely impressive!
Why are we so awesome?
Now, the market value of Bitcoin has surpassed 1 trillion USD, and institutional investors have an increasing urgent demand for secure and scalable DeFi solutions. Bitlayer Labs, relying on BitVM and Rollup technologies, has successfully unlocked unprecedented scalability and smart contract capabilities for Bitcoin. From cross-chain bridges to EVM compatibility, and with strong institutional backing, we are undoubtedly the leader in the Bitcoin Layer 2 field!
Brothers who want to master Bitcoin DeFi and Layer 2, make sure to keep an eye on Bitlayer Labs, you won’t be mistaken! A new chapter in the Bitcoin ecosystem will be opened by us together, let’s take it to the skies!
