#Bitlayer @BitlayerLabs is a cryptocurrency project that's making waves in the Bitcoin DeFi space. Here's what we've got on it:
*What is Bitlayer?*
Bitlayer is an innovative Layer 2 blockchain solution designed to enhance the Bitcoin ecosystem by integrating advanced decentralized finance (DeFi) applications. It leverages the BitVM paradigm to emulate smart contracts, allowing for seamless interactions with various dApps while maintaining asset integrity ¹.
*Key Features:*
- *BitVM Bridge*: A trust-minimized mechanism for secure and efficient cross-chain transfers of Bitcoin (BTC).
- *Peg-BTC*: A programmable Bitcoin asset facilitating transactions across multiple blockchain environments.
- *Bitlayer Network*: A Bitcoin Rollup powered by BitVM stack and Real-time EVM, enabling real-time, low-cost, and scalable Bitcoin DeFi applications.
*Token Info:*
- *Ticker*: BTR
- *Type*: Token
- *Blockchain*: Ethereum
- *Contract Address*: 0x6C76dE483F1752Ac8473e2B4983A873991e70dA7
- *Total Supply*: 1 billion BTR
- *Circulating Supply*: 261.6 million BTR (self-reported)
- *Market Cap*: $3.90 trillion (though price data is inconsistent across sources)
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*Price:*
The current price of Bitlayer (BTR) is reported to be around $0.0000127170, with a 0.00% change in the last 24 hours. However, another source indicates no trading data is available. We'll need more reliable sources for an accurate price ⁴ ³.
*Investors:*
Bitlayer has raised a total of $25 million in funding, with investors like ⁵:
- *Framework Ventures*
- *ABCDE Capital*
- *Polychain Capital*
- *Franklin Templeton*
