Traditional BTC financialization cannot avoid intermediaries: Cross-chain relies on WBTC 'cloaking', earning interest requires platform custody, and complex transactions must detach from the mainnet, incurring fees of 1%-5% and facing security risks. Bitlayer, using BitVM technology, enables BTC to possess 'native financial capabilities' for the first time, completely breaking away from intermediary dependence.
The core breakthroughs can be summarized in three points:
1. Cross-chain without 'cloaking': BTC is locked into the mainnet UTXO, generating YBTC through BitVM, circulating directly on 18 public chains without intermediary custody fees. The cross-chain time has been reduced from 3 hours to 90 seconds, with a transaction fee of 0.001 BTC (only 1/50 of the mainnet). Currently, the total amount of YBTC crossed chains exceeds 68,000 BTC, accounting for 70% of BTCFi's cross-chain volume;
2. Fully automated interest earning: YBTC comes with 'basic staking of 5.2% + cross-chain arbitrage returns', requiring no manual operation, with earnings credited daily. Retail investors have activated over 53,000 dormant BTC, with a 90-day retention rate of 78%, far surpassing the industry average of 30%;
3. Transactions remain on the mainnet: Bitlayer Rollup supports EVM compatibility, allowing complex transactions like BTC options and RWA investments to be executed on Layer 2, achieving a TPS of over 3000, with a delay of <10 milliseconds, while also anchoring the mainnet's computational security. A certain BTC options protocol reached a trading volume of over $180 million in just four months;
4. Institutions dare to invest heavily: Built-in on-chain auditing, regulatory reporting, and other compliance modules, with endorsements from 40% of hash power from Antpool and others. Institutional funds from companies like Franklin Templeton have reached $550 million, accounting for 58% of BTCFi's institutional funds.
Essentially, Bitlayer does not add 'external tools' to BTC, but allows BTC to cross-chain, earn interest, and perform transactions on its own—when BTC no longer relies on intermediaries for 'packaging', the $1.3 trillion market value of financialization becomes truly autonomous and controllable.
