Reshaping Web3 Value! @BitlayerLabs #Bitlayer Connecting BTC to Multi-chain Ecosystem
For a long time, Bitcoin has been regarded as the 'foundation of value' in Web3, but due to the lack of cross-chain capabilities, it has struggled to collaborate with other ecosystems, resulting in a disconnect in the flow of value within Web3. @BitlayerLabs utilizes the BitVM bridging technology launched by Bitlayer to break this disconnect, allowing Bitcoin to interconnect with multiple chain ecosystems, thereby reshaping the logic of value flow in Web3.
The core of BitVM bridging technology is 'a balance of security and efficiency.' It abandons the traditional cross-chain reliance on centralized relays and achieves asset transfer between Bitcoin and public chains such as Ethereum and Solana through mathematical proofs, retaining Bitcoin's inherent security features while ensuring that the cross-chain process is efficient and convenient. This 'trust-minimized' design makes Bitcoin no longer an isolated 'digital gold'—users can bridge BTC to Ethereum to participate in leading DeFi protocols like Aave and Curve to earn yields; they can also bridge assets from other chains to Bitlayer to form liquidity pools with YBTC, enjoying the dividends of a multi-chain ecosystem and completely activating Bitcoin's application value.
The effectiveness of the cross-chain ecosystem has already been significant. Currently, #Bitlayer 's daily cross-chain trading volume has exceeded $100 million, becoming the core channel connecting Bitcoin to the multi-chain ecosystem. More importantly, this 'interconnectivity' is changing the value landscape of Web3: the large asset volume of Bitcoin provides stable value support to other ecosystems; while the rich applications of the multi-chain ecosystem offer more varied scenarios for Bitcoin, forming a virtuous cycle of 'mutual empowerment.'
The ambition of @BitlayerLabs continues. In the future, #Bitlayer plans to achieve cross-chain contract calls, allowing platform smart contracts to directly interact with contracts on other chains—such as using $BTC as collateral to borrow on Ethereum, or using YBTC to participate in liquidity mining on Solana. This 'cross-chain collaboration' will make Bitcoin the 'value hub' of the multi-chain ecosystem, completely reshaping the ecological value of Web3 and driving the industry into a new future of 'interconnectivity.'
