Bitlayer Monthly Report - March 2025

A Recap of Key Milestones, Technical Advancements, and Strategic Collaborations

The Bitcoin DeFi ecosystem is undergoing a paradigm shift, and Bitlayer stands at the forefront of this evolution. March marked a watershed moment as our inaugural BTC Yield product achieved full subscription within 47 hours, underscoring surging institutional demand. Simultaneously, we solidified strategic partnerships with industry heavyweights including Arbitrum, Celestia, and StakeStone, while making groundbreaking strides in BitVM Bridge development.

Let’s unpack the details.

This Month’s Top Stories

BitVM Bridge Enters Final Testing Phase

Bitlayer’s BitVM Bridge is nearing mainnet launch! This groundbreaking protocol enables seamless interoperability between Bitcoin and target chains while ensuring trust-minimized security. Here is an article about the latest progress by showcasing two critical demonstration cases conducted on bitvmnet , a dedicated testnet for BitVM-powered applications.

Thought Leadership Spotlight

Co-founder Charlie Hu delivered a critical analysis in his Cointelegraph feature interview, identifying three Bitcoin overhyped narratives: the sustainability of Ordinals, risks of Layer 2 and the future of Bitcoin DeFi.

Global Media Recognition

Featured across Blockworks, BeInCrypto, and Built on Bitcoin podcasts, Bitlayer’s technical vision reached over millions of readers/listeners, cementing our position as Bitcoin scalability thought leaders.

Network Metrics Snapshot

• TVL: $379.83M (Source: DeFiLlama）
• Cumulative Addresses: 755,861
• Transaction Volume: 43.43M (+17.44% MoM)

Binance Wallet x Bitlayer BTCFI Carnival Impact：

• 1.86M participants in total
• 4.39M on-chain transactions

• 10 ecosystem protocols activated

  

More Updates and Events

Technical Advancements

• Bitlayer successfully underwent a system upgrade on March 18, delivering measurable improvements in both user experience and system efficiency.

• Bitlayer launched its BTC Yield, with the first product BLBTC - designed by DeSyn Protocol. With potential APY reaching 20%, Phase 1 allocation was fully subscribed in 47 hours, demonstrating strong market demand.

  

Partnerships & Ecosystem Expansion

Starknet Strategic Synergy

Bitlayer emphasized close cooperation with the Starknet team.

• Bitlayer is part of Starkware’s investment portfolio. Bitlayer creatively introduced BF-STARK, enabling ZK-STARKs verification on Bitcoin.
• The Bitlayer BitVM bridge is set to deploy on StarkNet.

• Bitlayer will also actively collaborate with the StarkNet team to explore the possibility of OP_CAT and other potential Bitcoin protocol upgrades.

  

Wallet Integrations & Dapp Events

• BitVM Bridge has now integrated Xverse Wallet, a leading Bitcoin wallet. With this integration, users can seamlessly experience the trust-minimized BitVM Bridge through the Xverse Wallet. The First BitVM, powering Bitcoin DeFi.

• Bitlayer users can earn more BTR and ecosystem protocol rewards from diversified events, including:

  1. BitZap Badge Free-Mint Whitelist
  2. RollDex BTC Prediction Pre-Launch
  3. Jasper Vault’s Trading Frenzy
  4. Owlto Finance’s Bitlayer Quest
  5. Antarctic Exchange’s AX event

Strategic Partnerships

• Bitlayer is proud to be bringing its BitVM bridge to Celestia, while unlocking Celestia’s data availability for scaling in the Bitcoin eco!

  

• Bitlayer is bringing its trust-minimized BitVM bridge to Arbitrum. The integration is set to unlock BTC liquidity between both Layer 2 blockchains.

  

• Bitlayer announced a strategic collaboration with StakeStone. This partnership will foster deep synergy between StakeStone’s omnichain liquidity infrastructure and Bitlayer’s BitVM Bridge, the 1st BitVM implementation, enabling BTC liquidity distribution across more blockchain ecosystems.

Media & Thought Leadership

• Bitlayer co-founder Charlie Hu contributed to an expert panel discussion with @TJ_Research01 and Beosin’s Eaton, analyzing the macroeconomic impacts of crypto ETFs.

• In an in-depth discussion on the BlockHash Podcast with host Brandon Zemp, Charlie Hu elaborated Bitlayer’s groundbreaking architecture, and how it’s the first Bitcoin Layer 2 solution built on the BitVM paradigm to scale Bitcoin without compromising its security.

  

• Bitlayer co-founder Kevin He participated in an exclusive AMA session with Cryptic Talks, where he provided expert insights into how the BitVM paradigm is revolutionizing Bitcoin scalability and smart contract capabilities.

• In a thought-provoking Twitter Spaces discussion hosted by @PortaltoBitcoin, Charlie Hu participated in this space alongside guests from Litecoin, Core DAO, Nubit, and Quai Network to explore Bitcoin, crypto, and the role of community.

• Kevin He was featured on the Built on Bitcoin podcast, offering the insights on BitVM‘s different and people overpromising what can be done on Bitcoin.

  

• BeInCrypto conducted an exclusive interview with Charlie Hu, examining the role of finality in bridging Bitcoin to the future. Charlie detailed Bitlayer’s innovative approaches and new opportunities for Bitcoin.

• Kevin He sat down with Alice Liu and Pavel Sinelnikov to discuss the architecture and design decisions behind building a Bitcoin L2 with onchain ZK verification.

Community and Brand Visibility

• Bitlayer proudly supports the inaugural global industry research competition hosted by PKUBlockchain! Co-founder Kevin He also made an appearance at the finals as both the opening keynote speaker and a competition judge.

• Bitcoin Next ep. 25 |ETHDenver Highlights. Bitlayer’s participation at ETHDenver 2024 proved to be a resounding success, featuring:

  1. Engaging panel discussions with industry thought leaders
  2. Vibrant community networking

  We extend our gratitude to all speakers, partners, and community members who contributed to this landmark event.

  

• The Bitcoin Next BitVM Update Recap. Bitlayer got together with the team over at Nansen @nansen_ai to update the East on our BitVM upgrades. co-founder Kevin He joined Nansen CEO Alex Svanevik for an exclusive discussion on BitVM’s latest developments and data-driven insights on Bitcoin L2 adoption trends.

  

Career Opportunity

Protocol Researcher (US Remote): Contribute to BitVM’s next evolution. Join us on the journey of BitVM and Bitcoin DeFi.

What’s Next?

April promises to be a pivotal month for Bitlayer as we approach BitVM Bridge mainnet.

The coming weeks will reveal more strategic partnership announcements and updated development for Bitcoin DeFi expansion. Stay tuned as the excitement unfolds in the coming month.