#bitlayer @BitlayerLabs Bitlayer is positioned as the first rollup solution purpose-built for Bitcoin, inheriting the trust and resilience of Bitcoin’s base layer. 

• It supports smart contracts via a modular, Turing-complete execution engine that’s EVM-compatible, enabling developers to migrate Ethereum apps with minimal adjustments.  

• A key innovation is its BitVM Bridge, which offers a trustless, bidirectional peg for Bitcoin assets—moving beyond centralized multisig bridges.   Bitlayer combines a PoS consensus layer for fast transaction processing with an optimistic rollup settlement on Bitcoin L1—enabling sub-second finality while anchoring security in Bitcoin’s proof-of-work.  

• Soft Finality: Instant confirmation courtesy of PoS validators.

• Hard Finality: Achieved when L2 state is settled on Bitcoin L1—about a week later due to challenge periods, but secured nearly as strongly as Bitcoin itself. 

• The protocol uses a recursive settlement mechanism, allowing continuous L2 state transitions to be submitted and verified on Bitcoin.  

Founded in 2023 and based in Singapore, Bitlayer utilizes AWS infrastructure to power its mainnet and testnet environments. 

• In under six months, it amassed:

• $550 million+ in Bitcoin total value locked (TVL)

• Over 150,000 daily transactions

• Support for 300+ live projects

• A community of 700,000+ members 

• The project has raised substantial capital:

• Seed Round: ~$5 million

• Series A: $20 million+, led by Polychain and Franklin Templeton   

• Founding team brings experience