Reporter｜Web3 Daily Editorial Department Date｜August 23, 2025
According to Binance Task Square, Bitlayer is conducting a community task activity with a total prize pool of 100,000 BTR, and the activity deadline is August 23, 2025. Currently, over 40,000 people have participated, making it one of the most followed projects on recent task platforms.
As one of the few projects in the Bitcoin ecosystem aiming for 'protocol layer upgrades,' Bitlayer's current activity is not only a community interaction but may also be an early user screening before its mainnet launch and token distribution.
📍 Project Positioning: To build the smart execution layer of the Bitcoin ecosystem
Bitlayer is a smart execution platform built on the security architecture of Bitcoin, based on the BitVM architecture, which introduces smart contracts and cross-chain capabilities to Bitcoin without altering Bitcoin's consensus rules.
The project team believes that the main shortcoming of Bitcoin is not its consensus mechanism or security, but the limitations on functional expansion and ecological applications. Due to the lack of a native smart contract system, the Bitcoin ecosystem struggles to support truly complex applications such as decentralized finance (DeFi), cross-chain transactions, and stablecoin mechanisms.
Bitlayer aims to address this issue by introducing core technologies such as BitVM, allowing BTC assets to be 'natively programmable' and ushering in the 'smart Bitcoin' era.
🔍 Technical Highlights: BitVM + Native Cross-Chain Bridge + Yield-Bearing BTC
The core technical architecture of Bitlayer consists of three main parts:
1. BitVM Virtual Computing Model
BitVM is a brand-new Bitcoin computing structure that does not rely on soft forks or on-chain upgrades to achieve contract logic verification and execution. This provides a feasible path for introducing computing capabilities to Bitcoin, referred to in the industry as the 'breakthrough point for Bitcoin's smart layer.'
2. Native Cross-Chain Bridge
The BitVM cross-chain bridge developed by Bitlayer enables bidirectional transfers between BTC and other chains, injecting stronger liquidity into the Bitcoin ecosystem and supporting BTC's participation in decentralized applications that collaborate across multiple chains.
3. YBTC Yield-Bearing Asset Model
YBTC is an asset pegged to BTC, supporting functions such as staking for yield and participating in liquidity mining, providing asset activation and compound interest opportunities for BTC.
📊 Current Activity: Binance Task Square limited-time tasks, primarily aimed at early users
This task activity is jointly initiated by Binance Task Square and Bitlayer, and participation methods include following social media, visiting the official website, joining Discord, daily sign-ins, etc. Completing tasks can earn points and redeem BTR rewards.
Event Information:
⏳ Event Time: August 11 - August 23
💰 Total Prize Pool: 100,000 BTR
👥 Current Participants: Over 46,000 people
According to industry conventions, such task activities are often not just community promotions, but also an important basis for future airdrop distributions. Several on-chain projects have filtered active users through task point systems in their early stages and used them as the basis for airdrops, and Bitlayer's current tasks may have similar potential.
📈 Ecosystem Trend: BTC narrative heating up, smart layer projects entering a window period
In the past year, the Bitcoin ecosystem has gradually shed the stereotype of 'only storing value,' as assets like Ordinals, Runes, BRC20, and other asset-layer tools have emerged, allowing BTC to carry more application explorations.
However, at the protocol layer, there is still a lack of projects truly capable of achieving 'smart scaling.' The emergence of Bitlayer comes at the right time, filling this gap in smart execution layers.
Industry analysts point out:
'BTC is currently the largest main chain by market cap but has the weakest applications. Any project that can awaken its functionality has tremendous imaginative potential. Bitlayer's direction is worth long-term attention.'
🧠 Potential Value and Future Outlook
If Bitlayer's technical solution can be successfully implemented, it is expected to bring about the following key changes:
The Bitcoin ecosystem has complex application capabilities such as native DeFi, DEX, stablecoins, etc.
BTC cross-chain efficiency has greatly improved, better embedding into a multi-chain ecosystem.
BTC assets will have financial attributes such as staking, lending, and yield reinvestment.
BTC users can achieve asset activation and application participation through Bitlayer.
In addition, Bitlayer may also become the 'universal execution layer' for multiple future Bitcoin ecosystem projects, providing underlying support and forming a standardized platform value.
🛠️ User Participation Guide
If users wish to participate in this round of Bitlayer tasks, they can follow the steps below:
Open the Binance App
Click on 'Task Square' or 'Web3 Wallet' task entry
Find the Bitlayer project task page
Complete various task actions, including following on social media, visiting the official website, signing in, etc.
Submit points to participate in the ranking competition
There is less than a week left until the event ends, and the project team suggests interested users complete daily sign-ins and accumulate tasks as soon as possible.
📌 Summary
What Bitlayer is doing is a highly challenging project: building smart contract execution and cross-chain connection capabilities on the native structure of Bitcoin.
Compared to some hot projects in the market that focus on speculation, Bitlayer has chosen a path with higher technical difficulty and higher market recognition thresholds. But precisely because of this, it may also be a key link in promoting the second functional revolution of BTC.
For users, the current stage is in the early task opening period, which is a window to understand project logic, complete interaction verification, and leave early on-chain behavior.
Subsequent issuance of tokens, whether there will be airdrops, or whether it will trigger a BTC DeFi boom may soon have answers.
