Just starting out in 2023, Bitlayer secured $5 million in seed funding from institutions like Framework Ventures, with a valuation of $80 million; in 2025, they raised $11 million in Series A funding, with a valuation exceeding $300 million. Capital is willing to invest not based on concepts, but on tangible progress.
The team has a solid background, with core members from established projects like 🔥Coin and Polygon, who know where the pitfalls of blockchain are. They didn't spend money on marketing but instead focused on technology: reducing the Groth16 verifier from 7.4GB to 1GB, optimizing the Rollup architecture to achieve over 5000 TPS, and moving the BitVM bridge from testnet to mainnet Beta.
Among the investors are players who understand traditional finance, such as Franklin Templeton, which indicates that Bitlayer not only wants to make waves in the crypto space but also aims to help traditional institutions make good use of Bitcoin. This pragmatic approach of 'technology implementation + ecosystem expansion' is more appealing to capital than grand visions.