As the BTCFi track rapidly heats up, Bitlayer is becoming the market focus. As the first Bitcoin layer two network based on the BitVM paradigm, Bitlayer opens the door to DeFi for BTC through a cross-chain mechanism that ensures security with just one honest party.
On Bitlayer, the cross-chain YBTC is no longer just a certificate of stored value, but can participate in payments, staking, lending, and derivatives trading. This innovation allows the long-dormant Bitcoin assets to flow efficiently, attracting pools and institutions. It is reported that in just a few months since its launch, Bitlayer's TVL has exceeded $500 million, receiving investment support from renowned capitals such as Polychain and Franklin Templeton.
A more forward-looking initiative is that Bitlayer is advancing the implementation of a native Bitcoin Rollup, planning to achieve full EVM compatibility. This means that in the future, BTC assets will be able to seamlessly connect to the Ethereum ecosystem, enjoying richer application scenarios and capital efficiency.
Industry insiders point out that Bitlayer is not just a simple cross-chain bridge, but is reshaping the infrastructure for the financialization of Bitcoin. The transition of BTC from "static digital gold" to "programmable capital" may be starting with Bitlayer.
