In the BTCFi track, security and scalability have always been the biggest challenges. #Bitlayer is changing the financial ecosystem of Bitcoin with a brand new combination of technologies. The BitVM Bridge and Bitlayer Network launched by @BitlayerLabs are the core engines of this transformation.
The BitVM Bridge is a next-generation trust-minimized BTC cross-chain solution that uses challenge verification mechanisms, ensuring that Bitcoin's cross-chain to the DeFi world is both secure and transparent, and has already achieved mainnet deployment ahead of others. The Bitlayer Network is a high-performance Bitcoin Rollup that is EVM-compatible and low-latency, bringing real-time and scalable application capabilities to BTC. #Bitlayer has truly given BTC programmability, not just a store of value.
The ecosystem partnerships of @BitlayerLabs are equally impressive: top-level L1 public chains such as Sui, Base, Arbitrum, Cardano, and large mining pools such as Antpool, F2Pool, SpiderPool, all provide liquidity, computing power, and cross-chain capabilities for #Bitlayer . This multi-party collaboration has cleared the obstacles for the large-scale implementation of BTCFi.
On the capital side, #Bitlayer completed $25 million in institutional financing, led by top VCs such as Polychain Capital and Franklin Templeton, which is a strong endorsement of its technological direction. Meanwhile, @BitlayerLabs is entering the second phase of the 'Booster' event co-hosted with Binance Wallet, where participants have the opportunity to obtain BTR tokens and experience the new ecosystem of BTCFi ahead of others.