In the BTCFi track, security and scalability have always been the biggest challenges. #Bitlayer is changing the financial ecosystem of Bitcoin with a brand new combination of technologies. The BitVM Bridge and Bitlayer Network launched by @BitlayerLabs are the core engines of this transformation.

The BitVM Bridge is a next-generation trust-minimized BTC cross-chain solution that uses a challenge verification mechanism, allowing Bitcoin to cross-chain into the DeFi world safely and transparently, and has already achieved mainnet deployment ahead of others. The Bitlayer Network is a high-performance Bitcoin Rollup, EVM-compatible, and low-latency, providing BTC with real-time and scalable application capabilities. #Bitlayer truly gives BTC programmability, and not just a store of value.

The ecosystem collaborations of @BitlayerLabs are equally impressive: top L1 public chains like Sui, Base, Arbitrum, Cardano, and large mining pools like Antpool, F2Pool, SpiderPool all provide liquidity, computing power, and cross-chain capabilities for #Bitlayer. This multi-party collaboration clears obstacles for the large-scale implementation of BTCFi.

On the capital front, #Bitlayer has completed $25 million in institutional financing, led by top VCs such as Polychain Capital and Franklin Templeton, which is a strong endorsement of its technological direction. Meanwhile, @BitlayerLabs is entering the second phase of the 'Booster' event co-hosted with Binance Wallet, where participants have the opportunity to receive BTR tokens and get an early experience of the new BTCFi ecosystem.