GoMining Launchpad participants first access to Bitlayer’s upcoming token sale while giving Bitlayer the reach of GoMining’s active user base and real-world hashrate infrastructure.
Bitlayer arrived on the platform only a few days after it switched to the BitVM Bridge mainnet – a single-signer, trust-minimized bridge that converts native BTC into Peg-BTC (YBTC) for use across smart-contract networks. The bridge follows Bitlayer Network V1, live since May 2024, and precedes the V2 rollout later this quarter. With a peak of $850 million in total value locked in December 2024, Bitlayer now holds roughly $390 million, ranking among the three largest Bitcoin DeFi chains. Earlier this year, Binance Square placed the network second only to Core Chain after Bitlayer’s TVL peaked above $400 million. That growth helped Bitlayer raise $25 million across seed and Series A rounds led by Franklin Templeton, Polychain Capital, and Framework Ventures, solidifying a $300 million valuation.
Momentum is also visible on the partnership front: the new bridge is already integrated, or slated for integration, with Sui, Base, and Arbitrum, widening the path for Bitcoin liquidity to move into EVM environments and beyond. A May milestone with Sui produced YBTC, a Bitcoin-backed asset that keeps a 1:1 peg while tapping Sui’s high-throughput architecture for yield-bearing DeFi. Bitlayer says additional collaborations with Starknet, Sonic, and Plume are underway to support a broader BitVM stack.
