Bitlayer is making waves in the crypto space with its innovative Bitcoin Layer 2 solution, designed to boost scalability and programmability while maintaining Bitcoin's robust security framework. Here's what's happening:
*Bitlayer's Key Features:*
- *BitVM Bridge*: Allows Bitcoin holders to convert BTC into YBTC, a yield-bearing asset that can be deployed across DeFi platforms securely and efficiently.
- *Bitcoin Rollup*: Combines EVM compatibility with low-cost, high-speed transactions, making it possible for institutions and retail users to bring BTC into DeFi with ease.
- *Booster Campaign*: Bitlayer's partnership with Binance Wallet offers users a chance to earn BTR tokens and participate in DeFi activities.
*Partnership with Binance:*
- *Wallet Booster Campaign*: Binance Wallet has launched a campaign with Bitlayer, offering 30 million BTR tokens (3% of total supply) to users who complete specific tasks.
- *Pre-TGE Event*: Binance Wallet also hosted a Pre-TGE event for Bitlayer, allowing users to register to buy BTR tokens before they're officially traded ¹ ².
*Growth and Adoption:*
- *Total Value Locked (TVL)*: Bitlayer has seen significant growth, with over $254 million TVL in DeFi and a weekly trading volume of around $500,000.
- *Partnerships*: Bitlayer has partnered with notable projects like Sui, Base, Arbitrum, and Cardano, and is backed by top investors such as Polychain Capital, Franklin Templeton, and Framework Ventures ³ ².
