🧧🧧🧧🧧🧧🧧

$BTC

Expansion！

In the current rapid expansion of the Bitcoin ecosystem, @BitlayerLabs, as a highly anticipated BTC Layer2 project, has been very active in recent months. From technical breakthroughs to capital operations, from community building to ecosystem expansion, this project seems to be making the final sprint preparation for its TGE. However, behind the bustling surface, we need to calmly examine: Is BitlayerLabs truly an innovator of the BTC ecosystem, or just another overvalued bubble?
On July 16, BitlayerLabs released the highly anticipated "Summer Launch 2025" plan, among which the most notable is the official launch of the BitVM Bridge mainnet. This technology breakthrough, known as the "trust-minimized BTC bridge," theoretically solves the core problem of Bitcoin cross-chain.
From a technical perspective, the launch of BitVM Bridge is indeed a milestone. Traditional BTC cross-chain solutions often rely on multi-signature custody, which has evident centralization risks. The BitVM technology, through a complex off-chain computation verification mechanism, can theoretically achieve a more decentralized BTC cross-chain. BitlayerLabs claims this is the first BitVM implementation, which, if true, is indeed worthy of industry attention.
However, we must also recognize that the commercialization of technological innovation is often more difficult than theoretical breakthroughs. Currently, the actual usage data and user feedback for BitVM Bridge are still limited, and its stability, security, and user experience need time to validate. More importantly, against the background of already mature BTC Layer2 solutions like Lightning Network and RGB, BitlayerLabs needs to prove that its technological advantages go beyond theoretical claims.
Data shows that BitlayerLabs' TVL has experienced astonishing growth in a short period: from $386 million on July 22 to a peak of $850 million in early August, then falling back to around $440 million. What does this rollercoaster-like change in TVL reflect?
By observing daily active address data (60,000 to 80,000), we can find an interesting phenomenon: relative to the TVL of hundreds of millions of dollars, the number of daily active users is not particularly prominent. This mismatch may indicate that the average amount of funds per user is relatively large, or there is a significant amount of contract address activity.
In community discussions, one particularly noteworthy phenomenon is the difference in attitudes towards BitlayerLabs between the Chinese and English communities.
This cautious attitude reflects the Chinese community's vigilance towards high FDV and low liquidity projects.
#Bitlayer