Bitlayer, a Bitcoin Layer-2 infrastructure project, has just raised $5 million in a token sale with a staggering $4 million sourced via CoinList alone. The sale dramatically oversubscribed, underlining growing investor appetite for Bitcoin-centric scaling solutions.
What Bitlayer Is Building (in Plain Terms)
Bitlayer aims to transform Bitcoin from “digital gold” into a programmable platform by offering a full-stack, Bitcoin-native DeFi and smart contract environment. Their architecture uses:
BitVM bridges for trust-minimized cross-chain messaging
A true Bitcoin rollup layer for state finality secured on-chain
An EVM-compatible, low-latency execution engine, plus a native YBTC token for gas, staking, and yield generation
In short: they’re attempting to bring fast, versatile DeFi tools directly to Bitcoin’s security model without wrapping or bridging compromises.
The Token Sale — How It Unfolded
CoinList-led public sale: Launched July 31, 2025 (ending August 7), it offered up to 20M BTR tokens (~2% of supply) to non-U.S. users, plus ~13.3M tokens to accredited U.S. buyers, subject to vesting.
Oversubscription dynamic: Demand far outpaced supply—with CoinList allocating $4M of the total $5M raised, reflecting intense retail and institutional interest.
Echo platform participation: The remaining $1M was raised via Chainbase’s Echo, rounding out the successful raise.
Why It Matters
Validation of the Vision: Oversubscription shows investors and users believe in Bitcoin-based DeFi, not just Ethereum or other chains.
Strengthens Visibility: CoinList exposure offers crypto-native participants easy access and broader distribution, increasing interest and liquidity confidence.
Budget for Expansion: The $5M enables Bitlayer to grow its team, scale operations, continue building its mainnet, and deepen ecosystem integrations.
Putting It in Perspective
Aspect Why It Matters
Oversubscription Indicates high market confidence and buzz
CoinList involvement Amplifies visibility, user access, and legitimacy
Balanced capital sources Mix of public and private strengthens foundation
Utility-driven tech Bitcoin-native DeFi is rare—and much needed
In Summary
Bitlayer’s oversubscribed $5M token saleespecially the $4M raised via CoinList demonstrates strong backing for Bitcoin-native DeFi infrastructure. It’s not just about money; it’s a signal toward a programmable future for Bitcoin itself.
