What Is Bitlayer?
Let me break it down—Bitlayer is a cutting-edge Bitcoin Layer‑2 (L2) protocol built on BitVM technology. Its mission: bring EVM‑style smart contracts and scalable DeFi directly to Bitcoin, all while upholding the chain’s robust security.
Key Highlights:
Trusted Security: Anchors transaction validity to Bitcoin using fraud proofs—no need for custodians or multisig.
EVM Compatibility: Enables Ethereum-style smart contracts, welcoming Solidity—and potentially Move or Cairo—development on a Bitcoin-secured layer.
Cross-Chain Asset Bridge: Facilitates trust-minimized transfers of BTC and synthetic Bitcoin assets (like wBTC, cbBTC) across EVM chains.
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Recent Milestones & Ecosystem Moves
Funding & Growth
Raised $5M in seed funding (April 2024), led by Framework Ventures and ABCDE Capital; launched the $50M "Ready Player One" incentive program.
Secured an additional $9M in an extended Series A round (Oct 2024), led by Polychain Capital—bringing total funding to around $25M.
Mainnet‑V1 launched April 2024, and more than 280 dApps have already deployed, spanning DeFi, gaming, NFTs, infrastructure, and more.
Strategic Ecosystem Partnerships
In March 2025, Bitlayer announced BitVM-enabled bridges with Base, Starknet, Arbitrum, Sonic, and Plume, unlocking cross-chain liquidity and DeFi opportunities.
OKX Ventures also made a strategic investment in Bitlayer, noting that Mainnet V1 generated approximately $179,600 in fees last month, highlighting early traction.
Roadmap Vision
Stage 1 (Achieved April 2024): Bitlayer PoS + multisig – EVM-compatible foundation with cross-chain functionality.
Stage 2 (Q1/Q2 2025): Transition to a native BitVM-based rollup with trust-minimized BTC bridges.
Stage 3 (Planned for Q4 2025): “Super‑Charged” rollup delivering ultra-high throughput—up to 20,000 TPS—and near-instant 3-second transaction confirmations.
#Bitlayer #