Bitlayer is the first Layer-2 on the Bitcoin network that relies on the BitVM concept, combining the strong security of Bitcoin with executable smart contract capabilities (Turing-complete), while providing the scalability required for decentralized finance (DeFi) applications.
Key Features:
Direct Bitcoin security, without compromising its core architecture.
Smart contracts and EVM compatibility, allowing for easy migration of applications from Ethereum.
Decentralized bridge solutions (BitVM Bridge) that confidently connect Bitcoin to multiple chains.
Infrastructure architecture coordination using AWS, where Bitlayer processes over 150,000 transactions daily and holds over $550 million in Total Value Locked (TVL), supported by more than 300 projects and over 700,000 users in the first six months.
Funding Overview:
Bitlayer was founded in October 2023 in Singapore.
$5 million was raised in a Seed round in March 2024, and $11 million in Series A in July 2024 (valued at approximately $300 million), totaling about $25 million in funding so far.
IDO and ICO rounds are scheduled for 2025, including a public sale via Binance Wallet in August at specified valuations and prices.
Strategic Partnerships:
The Bitlayer BitVM Bridge is now connected to chains like Base, Arbitrum, Starknet, Sonic, and Plume Network, contributing to bringing BTC liquidity to multiple DeFi activities such as staking, lending, and decentralized exchange.
#bitlayer @BitlayerLabs
Key Features:
Direct Bitcoin security, without compromising its core architecture.
Smart contracts and EVM compatibility, allowing for easy migration of applications from Ethereum.
Decentralized bridge solutions (BitVM Bridge) that confidently connect Bitcoin to multiple chains.
Infrastructure architecture coordination using AWS, where Bitlayer processes over 150,000 transactions daily and holds over $550 million in Total Value Locked (TVL), supported by more than 300 projects and over 700,000 users in the first six months.
Funding Overview:
Bitlayer was founded in October 2023 in Singapore.
$5 million was raised in a Seed round in March 2024, and $11 million in Series A in July 2024 (valued at approximately $300 million), totaling about $25 million in funding so far.
IDO and ICO rounds are scheduled for 2025, including a public sale via Binance Wallet in August at specified valuations and prices.
Strategic Partnerships:
The Bitlayer BitVM Bridge is now connected to chains like Base, Arbitrum, Starknet, Sonic, and Plume Network, contributing to bringing BTC liquidity to multiple DeFi activities such as staking, lending, and decentralized exchange.
#bitlayer @BitlayerLabs