1. YBTC enters the Solana ecosystem
Bitlayer announced a strategic partnership with Kamino Finance and Orca protocols to bring the Bitcoin-backed token YBTC into the Solana ecosystem.
YBTC, pegged 1:1 to Bitcoin, enables reliable and low-trust transfers, with opportunities for users to generate yields within Solana through tools like Kamino pools and the decentralized Orca bridge.
BitVM Bridge, the technical foundation of YBTC, is now available in beta (mainnet beta), offering BTR rewards to users who mint YBTC or use bridge features.
2. $5 million funding for Bitlayer
Bitlayer successfully raised $5 million from the sale of BTR tokens via CoinList and Echo platforms, in a subscription round that was crowded with buyers.
Funding will be directed towards enhancing operations, expanding the team, and developing the project's ecosystem, reflecting growing confidence in Bitcoin's layer-2 solutions.
3. BitVM: The heart of Bitcoin's Layer-2 solutions
Bitlayer relies on BitVM technology, a virtual execution environment that enables programmable smart contracts on Bitcoin, with security derived from Bitcoin's base layer.
Uses an "optimistic rollup" mechanism: operations are executed off-chain, and the record of changes is only verified on Bitcoin, with challenge mechanisms in case of fraud, achieving a balance between security and performance.
Thanks to EVM compatibility, developers can use Ethereum tools like MetaMask and Remix with minimal adjustments, facilitating the adoption of the project by the Web3 developer community.
4. Promising launch… and ongoing announcements
Bitlayer launched BitVM Bridge mainnet beta during the "Launch Summer 2025", showcasing the upcoming V2 and V3 architecture, indicating strong and sustainable extension plans for the project.
Binance Square provides an in-depth article on Bitlayer, explaining how the project is redefining Bitcoin DeFi infrastructure through reliance on BitVM and reliable and secure Layer-2.
🍀 Quick Summary – Why is this news important to you?
Topic Importance
YBTC on Solana Provides BTC holders with yield opportunities within the fast and application-rich Solana system.
Major funding round A testament to investors' confidence in the Bitlayer project and its support for infrastructure expansion and development.
Advanced BitVM technology Transforms Bitcoin from a fixed value to a highly scalable DeFi platform.
Effective and ongoing launches Reflects the project's progress and its pursuit of continuous innovation in infrastructure.
