According to Odaily Planet Daily, the AMM project bitCow under the Bitcoin native stablecoin project bitSmiley has been launched on the Bitcoin L2 Bitlayer mainnet on May 1. At present, the total TVL of bitCow has exceeded 9 million US dollars. bitCow is an AMM project built by bitSmiley around its stablecoin bitUSD. bitSmiley is committed to providing users with a more comprehensive and rich Bitcoin DeFi ecosystem with bitUSD as the core.