To enhance the scalability, speed, and functionality of the Bitcoin network. It ensures compatibility with EVM (Ethereum Virtual Machine), allowing developers familiar with Ethereum to create dApps on Bitlayer while maintaining the high level of security inherent to Bitcoin.
The Bitlayer ecosystem is rapidly growing, and many projects and dApps have already emerged in various categories:
1. Decentralized Finance (DeFi):
Avalon Finance: Describes itself as the first CeDeFi (Centralized-DeFi) lending market. The protocol allows users to deposit various assets as collateral to borrow funds, with most of the TVL (total value locked) of the protocol coming from assets on Bitlayer.@BitlayerLabs
BitCow: An automated market maker (AMM) with services for both stablecoins and concentrated liquidity. It focuses on providing services for the growing Bitcoin L2 ecosystems.
Trustin Finance, ENZO Finance, LayerBank: These are other lending platforms operating in the Bitlayer ecosystem.
Satoshi Protocol: A project that works with stablecoins.
2. Launchpads and other projects:
Pumpad: A launchpad for projects that are launching their tokens on Bitlayer.
Macaron: A decentralized exchange (DEX).
PredX AI: A project related to prediction markets.
BitMagic: Another notable project in the ecosystem.
Cat Driving Bitcoin ($CBD): A project mentioned as one of the native projects of the ecosystem.
Nekoswap: Another project that has appeared on Bitlayer.
General information about the ecosystem:
The Bitlayer ecosystem has attracted hundreds of projects and demonstrated impressive growth, ranking among the top for TVL among Bitcoin chains.
Bitlayer actively stimulates the development of the ecosystem by conducting various incentive programs and airdrops for developers and users.
The network supports not only EVM but also other virtual machines, providing developers with greater flexibility.
It should be noted that information about specific projects and dApps changes rapidly. To get the most up-to-date data, it is recommended to follow official Bitlayer sources and dApp analysis platforms.#Bitlayer
