@BitlayerLabs is a pioneer in offering the first native Layer 2 protocol on Bitcoin based on BitVM, a solution that combines fraud and validity proofs to ensure high security and programmability. It launched its mainnet V1 in April 2024, attracting more than 280–300 dApps in areas such as DeFi, NFTs, gaming, and infrastructure. It has raised a total of approximately 25 million dollars in three funding rounds (seed, Series A, and extension), maintaining a valuation of around 300 million. In 2025, it reached a significant milestone with over 800 million dollars in total value locked (TVL), supported by its robust Bitcoin-centric DeFi stack. Many protocols are being built on top, such as the first PerpDex (decentralized perpetual exchange) and the BitVM Bridge, which allows for secure BTC integration into ecosystems like Sui and others. With strategic alliances and technical improvements underway, #Bitlayer continues to lead the expansion of DeFi on Bitcoin.