Bitlayer (BTL)

Bitlayer is a game-changing decision in the Bitcoin ecosystem, built to bridge the gap between Bitcoin's unparalleled security and growing demands for scalability and programmability in current blockchain systems.

It is the first rollup solution tailored specifically for Bitcoin. Bitlayer leverages the power of Bitcoin's foundation layer, guaranteeing that its operations receive the same level of trust, decentralization, and resilience that has made Bitcoin the most secure blockchain in existence.

Bitlayer provides an innovative bridge from EVM Networks to Bitcoin Layer 2 with the possibility to swap currencies also into BTC native network using Flash Bridge. 

With over $254M Total Value Locked in DeFi, Bitlayer has about $500K weekly trading volume according to Defilama. 

Additionally, users can participate in BTC Fi Carnival - an airdrop campaign with Binance Wallet, where you can share a $1.2M $BTR  rewards pool by completing missions and for daily check-ups.  

Bitlayer is rapidly evolving and proposes some solutions:

• Bitlayer PoS (Mainnet-V1): The Bitlayer V1 Mainnet, which launched in early April 2024, is now live. Furthermore, a testnet environment is offered for developers and users to explore Bitlayer's features. More information about it can be found in the documentation.
• Bitlayer Bridge: Designed for users to access Bitlayer faster and more cost-effectively.
• BitVM Bridge: provides a safe and efficient way to transfer Bitcoin (BTC) into the Bitlayer ecosystem. This integration enables Bitcoin to be actively used within the BTCFi ecosystem, allowing for seamless trading and interaction with DeFi applications.

🤑 Bitlayer token is called $BTК, but for now, there is no detailed information about the token utility. 

The CoinLaunch team analyzed Bitlayer Labs and identified some pros and cons to consider before participating in the project Airdrop: 

✅ Bitlayer pros: 

• Confirmed Airdrop;
• Has public Security Audits;
• Outstanding Growth Marketing and PR Performance;
• Good SMM and Influencer Marketing;
• Not bad Marketing Infrastructure;
• Has Tier 1 Backer (Polychain Capital);
• Has a wide network of reputable partners (Binance Wallet and Chainlink);
• A large number of AMA sessions and offline events with a team;
• The executive team has a background from tier 1 companies (Polygon, Polkadot). 

📛 Bitlayer cons: 

• There is no clear information about IMC, FDV, and no vesting information;
• Below-the-average SEO.