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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. #Bitlayer @BitlayerLabs

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Bitlayer is committed to an open and collaborative Bitcoin DeFi ecosystem, working with partners to advance BTC Bridge, Bitcoin Layer 2 and BitVM stack, driving the future of secure, scalable, and programmable Bitcoin finance. Round Dynamics Raised 5M USD in Seed Round, led by Framework Ventures and ABCDE Capital, with participation from StarkWare, OKX Ventures, Alliance, Asymmetric Capital, UXTO Management, Kenetic Capital, many other VCs and angels, such as Messari former CEO Ryan Selkis, Messari Cofounder Dan McArdle and many others. Raised 20M USD in Series A Round, led by Polychain & Franklin Templeton, with participation from SCB Limited, Stake Capital Group, GSR, Flow Traders, Metalpha, Selini Capital, Caladan, G-20 Group, Presto Labs, FalconX and many others. #Bitlayer @BitlayerLabs $BTC

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