Since its inception, Bitcoin has been hailed as 'digital gold'. Its scarcity and security are beyond doubt, but its functionality is relatively limited, primarily serving the role of 'store of value'. With the rapid evolution of the blockchain ecosystem, this static attribute has gradually shown its limitations, and the emergence of BTCFi aims to truly make dormant value flow.
In this context, Bitlayer stands out. It is not a simple replication of the cross-chain bridge model but proposes a minimal yet robust cross-chain mechanism based on the BitVM paradigm: only one honest verifier is needed to ensure the safety of funds. This makes Bitcoin's cross-chain not reliant on complex trust assumptions, providing engineering scalability and long-term reliability.
Through Bitlayer, BTC can be converted into YBTC, entering the DeFi application system, fully unleashing capital efficiency from payments, lending to derivatives markets. In just a few months, Bitlayer's TVL has exceeded $500 million and has gained recognition from institutions such as Polychain and Franklin Templeton. More importantly, its planned native Bitcoin Rollup and EVM compatibility will construct a truly application-layer ecosystem for Bitcoin.
It can be said that the significance of Bitlayer lies not only in scalability but in bestowing Bitcoin with the new attribute of 'programmable capital'. This may be one of the most important infrastructures of the BTCFi era.
