If we look at the cryptocurrency market over the past three years in phases, 2020-2021 was the boom period for DeFi and NFTs, 2022 was the competitive period for public chains and the explosion of infrastructure, and 2023-2025 has clearly entered the narrative expansion period of Layer 2.
In Ethereum, Arbitrum and Optimism have already established a clear ecosystem. In Bitcoin, the narrative has just begun. After the approval of ETFs, Bitcoin has re-entered the mainstream spotlight, with a huge market capitalization but lacking an 'application layer story', which gives Bitlayer immense space.
Investment logic can be viewed from two trends:
Capital Trends
Top institutions are looking for 'the next Ethereum-like opportunity'. The Bitcoin ecosystem, due to its market capitalization and narrative certainty, has become a natural focal point. Layer 2 is the only reasonable path to open up Bitcoin's application space. Bitlayer, as one of the few projects with clear technical and capital support, naturally becomes a target of funding attention.
User Trends
Users are not satisfied with just 'holding Bitcoin'; they want more ways to engage with Bitcoin: lending, derivatives, gaming, NFTs. If this demand is unleashed, it is enough to support a vast BTCFi market. Bitlayer's growth data (TVL, trading volume) is an early manifestation of this trend.
Therefore, from a trend perspective, Bitlayer is not just a project but one of the pioneers of the entire Bitcoin Layer 2 narrative. It meets the dual demands of institutions and users.
In investment judgment, we often say to go with the flow. The market trend is already laid out; the real question is: who can seize it? Bitlayer's technology, capital, and data give it the opportunity to be at the forefront.
