
Bitlayer Monthly Report - February 2025
A collection of highlights from the month in Bitlayer
What an exciting month! We saw partnerships, events, and integrations get announced throughout the Bitlayer ecosystem after a busy February.
Bitlayer’s BitVM Bridge, the first BitVM implementation, announced strategic partnerships with major chains. The first step towards a trust-minimized Bitcoin decentralized economy has begun, unlocking Bitcoin’s nearly 2 trillion market opportunity for various blockchains and protocols. In other news, users can get the latest onchain data through the Bitlayer Growth Dashboard on Nansen now.
Let’s dive into other Bitlayer ecosystem news.
This Month’s Top Stories
-
Bitlayer is teaming up with Base, Starknet, Arbitrum, Sonic and Plume Network to bring BitVM and BTC to major Blockchain networks. Following these significant integration milestones, Bitlayer intends to collaborate with more blockchains, DeFi protocols, and native BTC protocols to ultimately build a robust BitVM ecosystem.
-
Bitcoin Next Ep.25, Bitlayer’s main ETHDenver Event, concluded successfully. Special thanks to Janusz, Dan Held, Julian Love, Phil Kelly, Han Liu, Filipe Gonclaves, James Young, Romain Bourgois, Tobi Bauer, Mia Soarez, Cade Bergman,Josh Kriger, and many others who shared their expertise.
-
The number of Bitlayer’s X followers has hit 1,000,000! A huge THANK YOU to our incredible community, partners, and supporters who made this milestone possible.
-
Guillaume Girard and Bitcoin Magazine covered Bitlayer’s BitVM bridge upgrade, live now on testnet. The trust-minimization of sidechains is almost complete. Bitlayer and the BitVM Alliance are doing incredible work.
Monthly On-Chain Highlights
- Total Value Locked: $639M (Source: DeFiLlama)
- Total Addresses: 753,963
- Total Transactions: 36,985,241 (19% MoM)
- Accumulated number of Binance Wallet users in the BTCFI Carnival event: 5,309,051
More Updates and Events
-
BitVM Bridge introduced an important functional upgrade on Bitcoin Testnet3. The new upgrade will enable unmint and reclaim features, marking a pivotal moment in the development of the BitVM Bridge to be more practical and user friendly.
-
Bitlayer donated the BitVMNet testnet, an open Bitcoin Signet network, to the BitVM community.
-
Bitlayer submitted ETH-Denver-2025-DEMO to the official BitVM team. This demo shows the latest progress of the BitVM project and demonstrates the complete protocol flow of the BitVM Bridge for the first time as its first practical application case. Check out the Pull Request here.
-
The Bitlayer Growth Dashboard is now live on Nansen! If you’re into the Bitcoin Layer 2 ecosystem (or just like staring at charts all day), this one’s for you.
-
Chainlink’s CCIP is already LIVE on Bitlayer. And Bitlayer is one of the members of Chainlink services mapping.
-
Bitlayer was featured by Benzinga Crypto. Bitlayer co-founder Charlie Hu shares insights on how Bitcoin ETFs with staking could transform institutional engagement by activating idle assets and supporting Bitcoin’s long-term security.
-
Bitlayer was featured by Crypto News. Kevin He, Co-founder of Bitlayer Labs, shared that the recent market drop was primarily an overreaction but warns that its long-term impact depends on broader economic conditions.
-
Binance Wallet x Bitlayer BTCFI Carnival Week 6 went live on February 18th. Complete the project tasks this week to be eligible for a chance to share in a $140,000 token prize pool.
-
Bitlayer launched the ONE-CLICK MAKE-UP feature, supporting one-click to recheck any missed check-ins from Jan. 28th to Feb. 12th.
-
Bitlayer partnered with RISC Zero to bring zkVM and Boundless to Bitlayer’s BitVM Bridge. Bitcoin rollups like Bitlayer’s, through the integration of RISC Zero’s zkVM, provide the ability to construct proofs, preserve privacy, save data space, batch transactions, and reduce total transactions published to Bitcoin L1.
-
Bitlayer co-founder Charlie Hu sat down with Josh Kriger(@EdgeofCo) to explore how Layer 2 solutions are unlocking new frontiers for Bitcoin at Bitlayer’s Bitcoin Next event in Denver.
-
Bitlayer co-founder Charlie Hu took part in the BTCFi Panel discussion, joining industry peers to explore the growth of BTCFi and its pivotal role in decentralized finance during Consensus Hong Kong.
-
Bitlayer Bitcoin Next: the BitVM Update event will be co-hosted by Nansen on March 12th.
What’s Next?
Despite significant volatility in BTC’s value amid macroeconomic conditions, ecosystem builders continue to forge ahead.
The BitVM Bridge Testnet marks only the initial phase. Looking ahead, we anticipate the mainnet launch, the unveiling of additional strategic partnerships, and the rollout of Mainnet V2. Ongoing technical advancements remain a priority, while expanded ecosystem support and market development efforts are actively progressing.
Keep building, Bitcoin!