Does everyone know about this project (Bitlayer)? Public offering token (BTR) @BitlayerLabs
In fact, the Bitcoin ecosystem is a large pie that normal institutions would not miss. It just depends on how those large institutions speculate...
A few days ago, the Bitlayer community raised $5 million in a public offering (the public offering price was reportedly 0.3U), and the project has raised a total of $30 million.
Bitlayer is currently ranked first in the Bitcoin layer 2 ecosystem TVL leaderboard, with a TVL of $360 million. The second is STX, with a TVL of only $50 million, which is a $300 million difference from the first place. It feels a bit large...
It must have received strong promotion from Binance!
The main innovation point of Bitlayer is BitVM. Bitlayer is based on BitVM's layered virtual machine technology, combined with zero-knowledge proofs (ZKP) and optimistic verification (OP) mechanisms, supporting EVM-compatible environments, providing trustless bi-directional anchoring and Turing completeness (perfectly compensating for Bitcoin's Turing incompleteness).
If everyone is optimistic about BTCFi, they can continue to follow the project $BTC .