Bitlayer Labs is the development project of **Bitlayer**, a **Bitcoin Layer 2** solution based on the **BitVM** model. This is the first platform that provides security equivalent to Bitcoin and **Turing-complete** capabilities, enabling the scaling of Bitcoin transactions without compromising the security of the base layer (Layer 1). Bitlayer supports fast transactions, low costs, and integrates the **Bitlayer Bridge** to transfer assets between Bitcoin and EVM networks, while promoting the **DeFi** ecosystem on Bitcoin with over 300 projects and a total value locked (TVL) exceeding 500 million USD
