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Bitlayer is the first Bitcoin security-equivalent Layer 2 built on BitVM. Bitlayer intends to scale the Bitcoin network’s transaction capability while enabling developers to build dApps that were previously unfeasible within Bitcoin's native architecture. Bitlayer has introduced its native token, $BTR, but its utility has not been detailed yet.
Bitlayer successfully raised an undisclosed amount via Strategic Round from OKX Ventures.