"The Technological Adventure" for BTCFi: Will BitVM2 V3 from @BitlayerLabs Dig Its Own Grave? BitVM2 V3 is set to launch in 2026, with a three-day challenge period and inter-chain speeds of 20 minutes. This carries Bitlayer's ambitions in the BTCFi space, but is this technological adventure itself truly self-destructive? By 2025, BitVM Bridge will handle 200,000 transactions, with a total value of $200 million, and users will receive returns ranging from 6% to 8% on loans from @FolksFinance, a subsidiary of Sui. The computing power in Antpool supports a verification efficiency of 99.9% and data aggregation speeds of 0.5 seconds. The complex V3 contracts have raised concerns about security vulnerabilities. Three small security vulnerabilities in 2025 exacerbated the debate, and Bitlayer has conducted audits to address them. The total prizes for the BTCFI carnival are $1.2 million, of which 5.15 million BTR have been granted, and active addresses have increased by 118%. A $25 million funding round in 2024 will support the development of the third version, with plans to integrate Polygon. BTR governance improves the protocol, but the community questions whether strict technology oversight contributes to stability. Bitlayer needs to balance innovation and security. YBTC promotes BTCFi, but the cost of the adventure could undermine the ecosystem. #Bitlayer_BitVM