Bitlayer is a new project built on Bitcoin that adds smart contracts and faster transactions to the network. It’s part of the rising trend known as BTC-Fi, which focuses on bringing decentralized finance (DeFi) to Bitcoin. To support its growth, Binance partnered with Bitlayer.
Through the Bitlayer Booster Program, Binance Wallet users could take part in tasks to earn Bitlayer’s token, BTR. A total of 30 million BTR (3% of supply) was distributed as rewards. To qualify, users needed at least 61 Alpha Points in their Binance Wallet. The tokens were initially locked and became tradable only once Bitlayer enabled it.
Before BTR officially launched, Binance also ran a subscription event where users could deposit BNB to gain early access to tokens. Any excess BNB was refunded, giving participants a fair chance to secure BTR ahead of the public release.
Participants could also mint a unique Bitlayer BitVM x Binance Badge, a digital collectible marking them as early supporters—potentially unlocking future benefits.
Backed by major investors like Polychain Capital and Franklin Templeton, Bitlayer has raised over $25 million with an early valuation of $200 million. With Binance’s involvement, Bitlayer is positioned to become a leading force in Bitcoin-powered DeFi.
