Bitlayer Monthly Report - April 2025

A collection of highlights from the month in Bitlayer

This is an active month for the Bitlayer ecosystem, highlighted by key announcements from partners like Monad and prominent coverage by CoinDesk. Bitcoin DeFi is gaining remarkable momentum, and with the upcoming BitVM Bridge mainnet launch on the horizon, the future of Bitcoin decentralized finance — and Bitlayer’s pivotal role in it — shines with unprecedented promise.

Let’s dive into this month’s hightlights and progress.

This Month’s Top Stories

• BitVM Bridge Nears Mainnet Launch

  Bitlayer’s BitVM Bridge is nearing the mainnet launch! This groundbreaking protocol enables seamless interoperability between Bitcoin and target chains while ensuring trust-minimized security. The team has published an article detailing its technical advancements and two key testnet demonstrations.

  

• Coindesk Feature: Bitcoin DeFi

  Co-founder Charlie Hu emphasized Bitcoin DeFi’s transformative potential in a recent CoinDesk interview. “At Bitlayer we are building important infrastructures which can empower the Bitcoin DeFi with our BitVM technologies,” Hu added. “A lot of interesting Bitcoin DeFi use cases can make bitcoin assets more valuable, give users more reason to hold and use in the future.”

• BitVM Bridge Integrates Monad Testnet

  Bitlayer’s BitVM Bridge now integrates Monad Testnet, a high-performance Layer 1 blockchain that has rapidly gained traction since its testnet launch in February. Following this integration, Monad’s user base, numbering in the tens of millions, will also have the opportunity to directly experience BitVM Bridge, the first implemented application of the cutting-edge paradigm, BitVM.

  

• Bitcoin Next Ep.25-Dubai Recap

  Bitlayer showcased BTCFi innovations during Token2049 Dubai, featuring visionary keynotes and elite networking. Special thanks to co-host TBV and all attendees!

  

Network Metrics Snapshot

• TVL: $365.8M (Source: DeFiLlama）
• Cumulative Addresses: 762,831
• Transaction Volume: 49.55M (+14% MoM)

More Updates and Events

Technical Advancements

• BitVM Bridge New Functions Launch - BitVM Bridge is a Bitcoin cross-chain protocol built on BitVM2, balancing advanced functionality with user-friendly design to meet diverse user needs. You can check out the bridge here.

  🔒 Bridge Pro: Native BitVM2 cross-chain support with Mint/Unmint operations. Fully decentralized verification, designed for technical users. More complex steps and longer confirmation time, but enhanced security and trustlessness.

  ⚡ Bridge: A fast and simplified bridge for everyday users. One-click operation, optimized for frequent asset transfers with faster speed and smoother experience.

• A wrap-up on Bitlayer’s BitVM result - Here is a wrap-up on Bitlayer’s BitVM result for Bitcoin Community, which is worthy of reading.

• Gas Subsidy Airdrop Completed - Gas fee subsidies have been successfully distributed to users who claimed rewards from Pell Network and Jasper Vault via Binance Wallet.

  

Partnerships & Ecosystem Expansion

• Bitlayer Partners with Chainbase - We’re excited to announce a collaboration with Chainbase, the world’s largest omnichain data infrastructure for AI, to integrate real-time data with the BitVM Bridge. This partnership will accelerate BTCFi innovation by enabling seamless cross-chain interoperability.

  

• BTC Yield Phase II Launches with bfBTC - Bitlayer’s BTC Yield Phase II introduces bfBTC, a flexible yield product developed by ecosystem project BitFi, offering a 5-8% 7-day APY with instant deposits/withdrawals. Participants also earn Bitlayer Points as bonus rewards.

Media & Thought Leadership

• Bitcoin.com Exclusive: Unlocking Institutional Yield - Charlie Hu discusses Bitlayer’s role in helping key players like Franklin Templeton unlock Bitcoin yield, including: 21Shares & Grayscale products incoming; and ETF staking prep under SEC review.

  

• Benzinga Feature: Bitcoin’s Long-Term Trajectory - Despite delayed rate cuts, Charlie Hu emphasizes Bitcoin’s resilience: “The postponed rally back above $100,000 is not a major concern in the long run,” Hu said. “Bitcoin dominance is rising while altcoins struggle to hold key support levels.”

• The Rollup Feature: Bitcoin Miners & DeFi - Charlie Hu explained why Bitcoin miners are poised to adopt DeFi yield strategies and how Bitlayer’s BitVM Bridge scales Bitcoin’s utility.

  

• Web3 TV Exclusive: Building on Bitcoin - In a Token2049 interview, Charlie Hu discusses Bitlayer’s competitive advantages, and feature projects of Bitlayer.

  

• YouTube Deep Dive with Joe Takayama - Charlie Hu shares Bitlayer’s mission, technical breakthroughs, and vision for Bitcoin’s programmable future.

• TheStreet Roundtable - Bitlayer founder Charlie Hu, sat down for an interview with TheStreet Roundtable to discuss the growing demand for Bitcoin-backed lending.

Community and Brand Visibility

• Bitlayer at Sui Meetup Hong Kong 2025 - Co-founder Kevin He joined the panel discussion “Unlocking the Future of the Ecosystem: Building New Collaborative Paradigms” at the Sui Network event.

  

• Bitlayer Joins Bitcoin Horizons HK Event - Kevin He also participated in “Bitcoin Horizons: From OP_CAT to Covenants”, hosted by StarkWare, to discuss the unique opportunities and challenges of growing the Bitcoin ecosystem.

  

• Bitlayer x DuckChain Seoul Afterparty Highlights - 400+ builders gathered in Gangnam’s DM Lounge for a night of BitVM discussions, networking, and crypto energy. Relive the cocktails, connections, and cutting-edge conversations.

  

What’s Next?

As we approach May, the Bitlayer community stands on the cusp of a transformative chapter.

This pivotal month will be defined by relentless innovation and collaborative efforts, culminating in the landmark launch of the BitVM Bridge mainnet — a technical milestone poised to redefine interoperability and trust minimization in Bitcoin’s Layer 2 ecosystem.

Follow Bitlayer to stay updated on everything:

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