Bitcoin Finality via OpVM: Bitlayer uses an Optimistic Virtual Machine (OpVM) that combines fraud proofs (BitVM) and validity proofs (leveraging OP_CAT) to ensure execution integrity without compromising Bitcoin’s base layer.
High Scalability & Low Fees: As a Layer 2 rollup, Bitlayer offers faster transactions and cheaper fees—with high throughput and BTC-denominated costs.
Trustless BitVM Bridge: Enables decentralized, secure asset transfers between Bitcoin and other chains through a cryptographic challenge-response bridge.
Turing-complete & Multi-VM Support: Beyond EVM compatibility, Bitlayer supports a broader range of developer environments, enabling migration from other chains.
Ecosystem & Incentives
Seed Funding (~Apr 2024): Raised $5 million led by Framework Ventures and ABCDE Capital, backed by StarkWare, OKX Ventures, Alliance DAO, and others—valued at approximately $80 million.
Ready Player One Program: A $50 million incentive program launched to attract teams building on its mainnet.
Bitcoin Finality via OpVM: Bitlayer uses an Optimistic
BitlayerLabs@ #bitlayer Virtual Machine (OpVM) that combines fraud proofs (BitVM) and validity proofs (leveraging OP_CAT) to ensure execution integrity without compromising Bitcoin’s base layer.
High Scalability & Low Fees: As a Layer 2 rollup, Bitlayer offers faster transactions and cheaper fees—with high throughput and BTC-denominated costs.
Trustless BitVM Bridge: Enables decentralized, secure asset transfers between Bitcoin and other chains through a cryptographic challenge-response bridge.
Turing-complete & Multi-VM Support: Beyond EVM compatibility, Bitlayer supports a broader range of developer environments, enabling migration from other chains.
Ecosystem & Incentives
Seed Funding (~Apr 2024): Raised $5 million led by Framework Ventures and ABCDE Capital, backed by StarkWare, OKX Ventures, Alliance DAO, and others—valued at approximately $80 million.
Ready Player One Program: A $50 million incentive program launched to attract teams building on its mainnet.
Bitlayer is a Bitcoin Layer-2 (L2) solution built on the innovative BitVM (Bitcoin Virtual Machine) paradigm. It’s designed to unlock Turing-complete programmability and DeFi capabilities on top of Bitcoin while preserving the network’s unparalleled security. Bitlayer functions as a rollup, enabling smart contracts, fast transactions, and cross-chain interoperability—particularly with Ethereum and EVM-compatible ecosystems.
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Key Features & Highlights
1. BitVM-Powered Bitcoin Rollup
Bitlayer pioneers the first implementation of BitVM, bringing Turing-complete smart contract capability to Bitcoin with optimistic validation architecture.
2. Secure, Scalable DeFi Ecosystem
By rolling up transactions and adding programmability, Bitlayer enables scalable Bitcoin-native DeFi. Built to inherit Bitcoin’s robust security, it also supports efficient, low-cost smart contract execution.
3. Trust-Minimized Bitcoin Bridge
Bitlayer includes a BitVM Bridge that enables trust-minimized interoperability, allowing Bitcoin holders to access other chains and DeFi ecosystems securely.
4. EVM Compatibility & Multi-Chain Support
With support for the Ethereum Virtual Machine, developers can easily migrate EVM-based dApps to Bitlayer. Strategic partnerships—including ones with Base, Arbitrum, Starknet, Sonic, and Plume Network—are being established to enhance cross-chain liquidity and interoperability.
5. Strong Infrastructure & Growth
Built on AWS to handle high transaction volumes and maintain infrastructure efficiency; reportedly supports over 150,000 daily transactions, $550 million+ in Bitcoin total value locked (TVL), and serves 700,000+ users and 300+ projects—all while cutting compute costs by around 20%.
Founded in October 2023 and headquartered in Singapore, with notable co-founders from blockchain-heavy backgrounds including Huobi, Polygon, and Polkadot.
Item Details What is the Protocol A platform for investing in Bitcoin in DeFi while maintaining liquidity through SolvBTC Core Technology SAL and ERC-3525 and Cross-chain (CCIP) Token SOLV Governance, Fee Payment, Incentives Financial Indicators TVL ≈ $2 billion, Annual Fees ≈ $7.9 million, Revenue ≈ $2.15 million Currency Price (Globally) Approximately $0.045–$0.046
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