The Bitcoin ecosystem has long lacked financial infrastructure that is both secure and efficient, and #Bitlayer is addressing this pain point. @BitlayerLabs is enabling BTC to transition from 'store of value' to 'create value' through the BitVM Bridge and Bitlayer Network.

The BitVM Bridge is a new generation of trust-minimized BTC cross-chain technology, based on a challenge verification mechanism, ensuring the security and transparency of funds across chains, and has already been deployed and operational on the mainnet. The Bitlayer Network is a high-performance Bitcoin Rollup, EVM compatible, with latency as low as milliseconds, capable of supporting full-chain applications such as DeFi, NFTs, and gaming. #Bitlayer injects new programmable capabilities into the BTC ecosystem.

In terms of collaboration, @BitlayerLabs has established close ties with well-known L1s such as Sui, Base, Arbitrum, and Cardano, while working with large mining pools such as Antpool, F2Pool, and SpiderPool to provide cross-chain liquidity and computing power for #Bitlayer . This means that the BTCFi ecosystem has met the breakthrough conditions in terms of security, performance, and resources.

On the capital front, #Bitlayer has completed $25 million in institutional financing, led by Polychain Capital, Franklin Templeton, Framework Ventures, and others. Currently, @BitlayerLabs is in the second phase of the 'Booster' event in collaboration with Binance Wallet, where participants have the opportunity to acquire BTR tokens and gain early access to the BTCFi dividends in the Pre-TGE phase.