#Bitlayer Bitlayer is a revolutionary Layer 2 scaling solution designed specifically for Bitcoin, leveraging Bitcoin Virtual Machine (BitVM) technology to enhance smart contract functionality and decentralized application (dApp) development. Here's what you need to know about Bitlayer:

Key Features

- *Bitcoin-native rollup*: Bitlayer introduces a Bitcoin-native rollup that utilizes OpVM technology to boost security and efficiency.

- *Smart contract functionality*: Bitlayer enables the execution of complex smart contracts, expanding Bitcoin's use cases and supporting the growth of decentralized finance (DeFi).

- *Cross-chain transactions*: Bitlayer's bridge allows for seamless asset transfers between Bitcoin and other blockchain networks, including Ethereum-compatible chains.

- *Decentralized applications*: Bitlayer supports the development of various dApps, including gaming, lending, and prediction markets.

Partnerships and Growth

- *Strategic partnerships*: Bitlayer has partnered with leading blockchain platforms, such as Base, Starknet, Arbitrum, Sonic, and Plume Network, to advance Bitcoin's scalability and programmability.

- *Funding*: Bitlayer has secured $25 million in funding from prominent investors, including Polychain Capital, Framework Ventures, and OKX Ventures.

- *Rapid growth*: Bitlayer's total value locked (TVL) has reached $354 million, with over 1 million transactions and a growing ecosystem of dApps ¹ ² ³.

Bitlayer Token (BTL)

- *Token details*: The Bitlayer token, $BTL, has a total supply of 21 billion and is used for governance, staking, and rewarding ecosystem participants.

- *ICO*: Bitlayer's ICO on CoinList aims to raise $6 million, with a token price of $0.2 ⁴ ⁵.

Ecosystem and Adoption

- *dApps*: Bitlayer's ecosystem features various dApps, including decentralized exchanges, lending platforms, and gaming applications.

- *User engagement*: Bitlayer has implemented initiatives like the "Ready Player One" program and "BTCFi Carnival" to engage users and developers.

- *Community growth*: Bitlayer's community is expanding,