Don't miss BTR after missing ARB! Bitlayer's mining festival is giving away $1.2 million, and the first batch of miners has quietly entered the scene. On August 20, Bitlayer (BTR) partnered with Binance Wallet to significantly boost the 'BTCFi Carnival' prize pool to $1.2 million, with 600,000 BTR now available for claiming in the second week. According to the official announcement, users only need to complete the 'social task + daily check-in' dual-sign action within the Binance Wallet to share BTR in real-time based on their contribution; continuous check-ins will earn an additional 10 million prize pool shares, with an annualized return rate currently reported at 312%, far exceeding the average DeFi rate during the same period. On the technical side, Bitlayer employs BitVM-based ZK-Rollup, allowing Bitcoin block confirmations to be compressed to complete state synchronization within 10 minutes, with Gas costs decreasing by 98.7% compared to the mainnet, saving miners a substantial amount in friction costs. On-chain data shows that within 48 hours of the event launch, over 32,000 addresses have surged in, with TVL surpassing $21 million. On the institutional side, Framework Ventures and Polychain Capital have added $5 million in liquidity support to ensure sufficient depth to absorb subsequent selling pressure. Airdrop tokens will be unlocked linearly in Q4, which may cause price fluctuations in the short term, so please manage your positions wisely.
