Bitlayer Monthly Report - May 2025

A collection of highlights from the month in Bitlayer

Two major breakthroughs defined Bitlayer’s month: strategic cooperations for BitVM Bridge and YBTC, alongside surging global interest. We welcomed pivotal partners — Sui, one of blockchain’s most-discussed newcomers, and leading Bitcoin mining pools — accelerating real-world adoption of BitVM.

Bitlayer also expanded its global footprint, securing features in top-tier media like CoinDesk and Cointelegraph, and actively engaging at global Web3 events.

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

🔥This Month’s Top Stories

1. Bitlayer × Sui Strategic Integration

Bitlayer partners with Sui to launch Peg-BTC (YBTC) via BitVM bridge, enabling BTC holders to generate yield through Sui’s DeFi protocols. With Peg-BTC (YBTC) soon to go live, Sui will offer another leading option for Bitcoin holders to increase the utility of their BTC beyond a store of value.

2. Bitlayer × Major BTC Mining Pools

Bitlayer forged strategic partnerships with Antpool, F2Pool, and SpiderPool — mining pools representing ~40% of Bitcoin’s global hashrate. With this capability, any one could submit NST in the challenge path through reliable mempool/miners, thereby enhancing the security of the BitVM bridge.

3. CoinDesk: Mining Pools Back BitVM Adoption

Bitlayer’s partnership with top mining pools accelerate the real-world adoption of BitVM —— a breakthrough technology focused on enabling Bitcoin-native DeFi.

4. Bitcoin2025 Las Vegas Participation

Bitlayer connected with the global Bitcoin builders and pioneers at Bitcoin2025, sharing the latest updates and strategic vision.

📊Network Metrics Snapshot

• TVL: $401.02M (Source: DeFiLlama）
• Cumulative Addresses: 763,594
• Transaction Volume: 56.80M (+15% MoM)

🚀More Updates and Events

Technical Advancements

• EVM Bridge Service Relaunched - Successfully transitioned the underlying protocol from Polyhedra-zkBridge to Chainlink CCIP, with the related bridge contracts and liquidity pools fully configured and security verified.

Partnerships & Ecosystem Expansion

• Bitlayer × Sundial: Bitcoin-Cardano Convergence - Partnered with Cardano’s leading L2 Sundial to establish the first BitVM-powered BTC bridge, which marks a significant step forward in bridging the Bitcoin and Cardano ecosystems.

  

• BitVM Cruise Crossword Challenge - Bitlayer & Plume brought users a new crypto-themed crossword challenge with BTR/USDC rewards.

  

Media & Thought Leadership

• CoinDesk Exclusive: Bitlayer × Sui - Sui will integrate Bitlayer’s BitVM bridge to launch Peg-BTC (YBTC), a Bitcoin-backed token.

  

• Coindesk Feature: Bitcoin DeFi - Co-founder Charlie Hu emphasized Bitcoin DeFi’s transformative potential. “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.”

• CoinTelegraph Feature: Bitcoin Mining Pools Suppot - Bitlayer’s BitVM implementation secured backing from major Bitcoin mining pools including Antpool, F2Pool, and SpiderPool.

  

• Cryptoria: Kevin He’s Crypto Journey - Bitlayer’s co-founder explained how BitVM inherits Bitcoin’s security while expanding its programmability.

• Bitcoin.com Interviews - Charlie Hu joins Frederick Munawa to break down how he’s rewriting the rules of digital finance and also discusses moving beyond meme coins to practical AI-driven solutions for Bitcoin DeFi.

  

• Benzinga Market Analysis - Speaking with Benzinga, Charlie Hu expressed measured optimism about Bitcoin’s outlook despite recent volatility, citing strong fundamentals and upcoming policy developments.
• Crypto.News Macro Commentary - Charlie Hu noted this convergence of rising debt obligations and monetary policy uncertainty as a pivotal fault line in global capital markets. He adds that a prolonged period of elevated rates, coupled with the urgency to refinance, could rattle investor confidence.

Community and Brand Visibility

• Las Vegas BTCFi Summit Highlights - Charlie Hu showcased Bitlayer’s role as core BTCFi infrastructure. He also shared Bitlayer’s new major updates on the top Bitcoin Mining Pool cooperation, with around 1/3 of Bitcoin network hashrates supporting BitVM bridge.

  

• YouTube Deep Dive - Charlie Hu explored Bitcoin-Cardano synergy with Dapp Central. The collaboration with Sundial and Cardano redefines cross-chain bridging standards and future.

  

• Naver Column Launch (KR) - Dedicated channel for Korean-speaking developers & institutional investors to track Bitlayer’s research and updates.

• Super Vietnam 2025 - Bringing Bitcoin to Life with BitVM. Co-founder Kevin He will present BitVM Bridge advancements at Blockchain & AI Week.

  

🔜What’s Next?

June promises significant momentum as the BitVM Bridge mainnet launch approaches, rapidly expanding YBTC’s integration landscape. None of this progress would be possible without the Bitlayer community’s unwavering support.

The First BitVM. Powering Bitcoin DeFi.⚡