In any public chain or Layer 2 project, the developer ecosystem is the key to determining whether the project can thrive in the long term. This is because users ultimately rely on applications, and applications stem from the creativity of developers. Bitlayer has a clear strategy regarding this: through the Builder Incentive Program, it aims to attract more developers into the Bitcoin Layer 2 ecosystem.
Specifically, its incentive methods are divided into several categories:
Funding Support: Providing funds and rewards to early developers to lower their startup costs;
Technical Tools: Improving SDKs, APIs, and testnet support to help developers get started quickly;
Community and Exposure: Through official events and partner channels, allowing excellent projects to quickly gain user attention.
From an investment perspective, this strategy is significant for three reasons:
Lowering Entry Barriers: Many developers are willing to try the Bitcoin ecosystem, but they are hindered by the lack of user-friendly technology. Bitlayer's toolchain and documentation can shorten the development cycle and enhance ecosystem expansion speed.
Enhancing Ecosystem Stickiness: Once developers successfully launch applications on Bitlayer, it will bring long-term users and liquidity. This is more likely to create stable growth than simple airdrops.
Creating Network Effects: The more developers there are, the more applications there are, the more users there are, and the higher the TVL (Total Value Locked) is. This positive cycle will become Bitlayer's core moat.
Looking at the rise of Ethereum and Solana, both relied on developer communities to drive ecosystem prosperity. Bitlayer is replicating this logic, but its starting point is more unique – the security of Bitcoin as the underlying guarantee.
Therefore, from an investment judgment perspective, I believe the expansion of the developer ecosystem will determine the upper limit of Bitlayer's future market value. A truly vibrant ecosystem is not built on subsidizing users, but on continuously enabling developers to create new applications.
