Bitlayer's BitVM Bridge is a dark horse in BTCFi. As one of the earliest projects to utilize BitVM technology on the mainnet, it has already established a foothold in the industry.
This bridge is not an ordinary cross-chain solution; its 'challenge mechanism' maximizes security, making it much more decentralized than traditional multi-signature bridges, allowing BTC to flow securely to chains like Sui and Arbitrum, facilitating scenarios like DeFi lending and staking. Now, BTC holders want their assets to generate some yield, and Bitlayer's YBTC perfectly meets this demand.
Its mainnet Beta is already up and running, having processed 28 million transactions and locked over 600 million dollars.
Collaborating with mining pools like Antpool, F2Pool, and SpiderPool, which account for one-third of Bitcoin's hash power, the transaction confirmation speed is incredibly fast. Polychain Capital and Franklin Templeton invested 25 million dollars, indicating that this project has a solid foundation.
Currently, the Booster activity in Binance Wallet allows for some BTR to be earned, and the Pre-TGE is approaching quickly; it feels like Bitlayer's momentum cannot be stopped.
