Bitlayer is a BTC Layer 2 ecosystem project that leads to the thorough realization of BitVM. By combining security with a lightning-fast smart contract engine, Bitlayer unleashes the full potential of BTC DeFi. Simply put, Bitlayer is a project that helps Bitcoin 'fill the gaps':
Bitcoin itself can only store value and make transfers; it cannot handle complex applications like DeFi and NFTs, and its processing speed is insufficient. Bitlayer addresses these issues by creating two core components—one is a 'bridge' (BitVM Bridge) that can securely transfer Bitcoin to other chains, and the other is a 'layer 2 network' (Bitcoin Rollup) that enhances Bitcoin's processing speed and supports more applications, while also significantly reducing technical costs and increasing speed.
The team background is decent, having received investments from several large institutions and collaborating with major Bitcoin mining pools and other popular public chains (like Base and Arbitrum).
Future potential: On one hand, the Bitcoin ecosystem is gaining more attention, and it can help Bitcoin expand its playability, attracting developers and users; on the other hand, it is also optimizing technology, aiming for faster processing and supporting more functions, while planning to collaborate with ETF issuers and other institutions. If institutional funds come in, its influence could be even greater.
