The EVM compatibility brought by Bitlayer means that we can easily migrate mature DeFi building blocks from Ethereum (such as Uniswap, Aave). But this is just the beginning; Bitlayer's true potential lies in fostering 'native' applications that can only thrive or are best suited in the Bitcoin ecosystem.

1. Financial derivatives market for Bitcoin native assets: Imagine a decentralized perpetual contract and options market that is completely backed by BTC as the underlying collateral and settlement unit. Here, traders can hedge or speculate on BRC-20, Ordinals, or even Runes protocol assets, all done on an L2 that inherits Bitcoin's security, with enormous potential market size and appeal.

2. Real-world asset (RWA) platform based on Bitcoin: Bitcoin is the digital asset with the strongest global consensus. On Bitlayer, real-world assets (such as real estate, bonds) can be tokenized and directly used for collateral, lending, and trading with BTC. The value stability and global liquidity of Bitcoin will provide an unprecedented solid foundation for RWAs.

3. Decentralized identity (DID) and public goods: Anchor users' digital identities and key public data (such as reputation systems, voting records) on Bitlayer, with ultimate security guaranteed by the Bitcoin mainnet. This means we can build a truly censorship-resistant, always-on global identity and governance system.

The mission of Bitlayer is not only to speed up and reduce costs for Bitcoin but also to provide an innovative testing ground for this sleeping giant to unleash its full potential.@BitlayerLabs #Bitlayer