One, Birth of the Original Intention: Reshaping Bitcoin from 'digital gold' to DeFi financial engine
In 2023, a group of blockchain pioneers founded Bitlayer Labs in Singapore. They keenly noticed that while Bitcoin has outstanding security, it is limited in transaction speed and functionality, making it difficult to meet the burgeoning demands of DeFi. With a dream of transforming Bitcoin from mere 'digital gold' to a DeFi financial engine, they embarked on an innovative journey, determined to explore more potential for Bitcoin and inject new vitality into its ecosystem.
Two, Core Technologies and Products: BitVM Bridge and YBTC, unlocking new possibilities for Bitcoin
1. BitVM Bridge: Trust-minimized cross-chain solution
The BitVM Bridge launched by Bitlayer Labs, based on the BitVM paradigm, achieves seamless flow of BTC across multiple chains through pre-signed smart contracts and fraud proofs. This innovation breaks the barriers of Bitcoin cross-chain, allowing Bitcoin to traverse freely between different blockchains. The mainnet launched in May 2025, marking an important milestone in the development of Bitcoin Layer 2.
2. YBTC: Anchoring BTC, starting a multi-chain DeFi journey
As an asset anchored 1:1 to BTC, holding YBTC allows users to participate in DeFi protocols on chains like Sui, Solana, and Arbitrum without sacrificing Bitcoin's security, earning up to 10% annualized returns. This enables Bitcoin holders to showcase their capabilities in broader financial scenarios, opening new doors for the financialization of Bitcoin.
3. $BTR Token: Ecological Incentives and Value Carrier
In August 2025, the $BTR token was listed on Binance and KuCoin, with a total supply of 10 billion tokens. It is not only a value circulation tool within the Bitlayer ecosystem, used for paying transaction fees and participating in ecological governance, but also showcases the market's high recognition of Bitlayer through market capitalization growth and trading activity, incentivizing community members to actively participate in ecological construction.
Three, Core Values: Merging security and flexibility to build a prosperous ecosystem
1. Merging Bitcoin security with DeFi flexibility
Bitlayer perfectly integrates Bitcoin's top-level security with DeFi's flexibility. YBTC allows Bitcoin assets to participate in diverse DeFi protocols, expanding Bitcoin's application boundaries and providing users with more financial choices, while introducing powerful secure assets into the DeFi market.
2. High throughput and low-cost advantages
Its high-throughput Rollup supports EVM compatibility, capable of processing thousands of transactions per second (TPS) at a cost as low as $0.1, providing developers with a low-cost, high-efficiency development platform that attracts numerous developers to build DApps, driving ecosystem prosperity.
3. Strong ecological influence
As of August 2025, Bitlayer's ecosystem TVL exceeded $798 million, covering 52 DApps, such as Bitzap and Plume DeFi Vault. The rich application scenarios attracted a large influx of users and funds, forming a virtuous cycle that enhanced Bitlayer's influence in the blockchain field.
Four, Glorious Achievements: Empowering users and developers, uniting community strength
A Bitcoin holder uses Bitlayer's Racer Center to convert BTC into YBTC and deposit it in Plume Vault to earn returns, preserving asset liquidity while achieving asset appreciation. Developers utilize Bitlayer's open-source tools, such as bitlayer-l2 and BitVM codebase, to quickly deploy high-performance DApps and shorten development cycles. In July 2025, Bitlayer secured $25 million in financing, attracting mining pool collaborations to enhance computing power, and the 'Booster Campaign' distributed over 7.5 million $BTR, greatly stimulating community participation enthusiasm.
Five, Future Outlook: Expanding multi-chain, incentivizing innovation
In the second half of 2025, Bitlayer plans to support more chains, such as Cardano, further expanding Bitcoin's cross-chain landscape; through the 'Ready Player One' incentive program, attracting more developers to engage in DApp development and enriching ecological applications. Bitlayer, with BitVM as a solid foundation and the community as a strong driving force, lights up the programmable and infinitely possible development starlight for Bitcoin and Web3, leading the Bitcoin ecosystem towards a more glorious future.
