The Strategic Bet - The Bitcoin Ecosystem (Bitcoin L2s)
Subtitle: Why does APRO focus on Bitcoin?
One of the smartest moves made by the APRO team is the intense focus on the Bitcoin ecosystem and Layer 2 networks (L2s) like Merlin Chain and Bitlayer. While most oracles are battling for market share in the crowded Ethereum space, APRO found a "blue ocean" in Bitcoin.
The Bitcoin ecosystem (BTCFi) is growing at an explosive rate, and there is a severe lack of reliable infrastructure there. Smart contracts on Bitcoin need external data to function (for example: the BTC lending protocol needs to know the BTC price in dollars accurately).
APRO positioned itself as the "first oracle" for these networks. Through strategic partnerships with the largest L2 projects on Bitcoin, APRO ensured it would be the "default option" (Default Oracle) for any developer building DeFi applications on Bitcoin.
This positioning not only gives it market share, but also ties the success of the project's currency to the success of the entire BTCFi narrative. If decentralized finance applications on Bitcoin succeed in attracting liquidity, the demand for APRO's services (and thus the burning or use of its currency) will rise exponentially.
