🚀 #BitLayer — DeFi and new opportunities for Bitcoin traders.
What is BitLayer?
BitLayer is a second-layer (L2) solution from @BitlayerLabs for Bitcoin, which makes the network faster and more functional. Unlike the main chain, BitLayer supports EVM-compatible smart contracts, providing traders access to DeFi tools, DEX, and new tokens.
Why is this important for traders?
💠 DeFi on Bitcoin — the ability to use BTC in liquidity pools and farming.
💠 Arbitrage — new opportunities between Bitcoin L1 and BitLayer L2.
💠 New assets — trading tokens of projects launched in the BitLayer ecosystem.
💠 High speed and low fees — convenience for active trading.
💠 Cross-chain bridges — fast transfer of BTC between L1 and L2.
What metrics to track?
📊 TVL (Total Value Locked) — reflects the level of trust and liquidity.
📊 Transaction volume — an indicator of activity and demand.
📊 Number of active wallets — reflects the growth of real usage.
Conclusion:
BitLayer turns Bitcoin into a full-fledged trading and DeFi platform. For traders, this means new earning opportunities — from arbitrage to working with ecosystem tokens.
