Bitlayer Monthly Report - November 2024
A collection of highlights from the month in Bitlayer
November has been an exhilarating month for the Bitlayer ecosystem. In this monthly report, we’ll be diving into the standout moments and milestones we’ve hit, and what they signify for the burgeoning Bitcoin and BitVM landscape.
Now, let’s take a closer look at some of the key highlights from November that have us all excited.
This Month’s Top Stories
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Bitlayer contributed a manual SNARK verifier chunker to BitVM open source - Tuesday, 12 November
We believe this contribution will fill in the last missing piece of a complete BitVM implementation. We are currently working on a BTC bridge with an honest-minority trust assumption, based on BitVM open source.
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Bitlayer announced a partnership with Nansen - Monday, 11 November
With this partnership, Bitlayer aims to strengthen its analytics capabilities, offering its users a clearer understanding of network activity, trends, and growth opportunities. In the following months, the Bitlayer Growth and Query Dashboard will be live, containing key insights on activity and performance in the Bitlayer ecosystem.
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Bitlayer was integrated into DEXTools - Sunday, 17 November
Bitlayer and DEXTools are connecting the surging world of BTC-Fi with state-of-the-art DeFi analytics and token trading tools, unlocking $1.5 Trillion in BTC liquidity for the wider blockchain industry.
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The Bitcoin Next Summit hosted by Bitlayer successfully concluded - Wednesday, 13 November
The Bitcoin Next Summit, Southeast Asia’s most recent high-profile, impactful, and incisive gathering of the Bitcoin ecosystem, drew over 2000 participants. If you missed the big show, make sure you don’t miss out on the recap.
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Hashtalk S4 by Sankalp - Building Beyond Bitcoin: The Bitlayer Revolution
Sankalp Shangari sat down with Charlie Hu to dive into his crypto journey and challenges, and the future of Bitcoin’s ecosystem.
Monthly On-Chain Data
- Total Value Locked: $824.1M (Source from DeFiLlama)
- Total Monthly Addresses: 600,000+
- Total Transactions: 19M+
- Mining Gala S3: Jointly launched by ecosystem projects Desyn Protocol, Jasper Vault, Rolldex, Avalon Finance, and Lorenzo, featuring a reward pool of 10 million BTR tokens, with over 150,000 unique participating addresses.
More Updates and Events
Bitlayer is actively expanding its global footprint. Below are some key updates and events to catch up to speed.
- Bitlayer announced partnerships with Xverse, Galxe Mini App, AKKA, Phalcon, and DeTrip.
- Racer Center’s 3.0 update offers a streamlined experience, making it easier to navigate tasks and activities.
- Bitlayer added support for Mini Bridge. Give it a try!
- Bitlayer has distributed Treasure Boxes to our users via multiple channels. Users who are actively engaged in the Bitlayer ecosystem are eligible for increased rewards. Check if you’re among the lucky airdrop recipients below:
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Bitlayer co-founder Charlie Hu participated in a Bitcoin Ecosystem panel at the @mpost_io ’s Hack Seasons Conference, engaging in insightful discussions with brilliant minds about the future of DeFi on Bitcoin.
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Omni Seminar - Hong Kong Edition. Bitlayer co-founder Kevin He was invited to speak at Panel 1 - Scalability, where he engaged with guests to discuss Bitcoin’s scalability and the future technological development paths of the Bitcoin Ecosystem.
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America’s First Bitcoin Administration, cohosted by BeFiLabs, Bitlayer, and DCBK2LA.
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Bitlayer joined The Bitcoin Future Show, an insightful and informative conversation focusing on developing the Bitcoin blockchain, and bringing Bitcoin technology to the public.
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Bitlayer Digital Marketing Director Sky Harris joined the Making Bitcoin Interoperable X space and shared insights.
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Bitlayer and OKX Explorer co-hosted a thematic discussion space: “Bitcoin Integration - Challenges and Opportunities with Layer 2 Solutions.”
Looking Ahead
With all this innovation happening in Bitlayer this month, it’s no surprise that more and more investors and builders are joining our ranks.
With major events on the horizon in December, we’re poised for even greater expansion. Stay tuned as the excitement unfolds in the coming days.
About Bitlayer
Bitlayer is the first Bitcoin Layer 2 based on Bitcoin finality.
Bitlayer provides developers and users with a native Bitcoin Layer 2 environment through its innovative technologies including OpVM, Finality Bridge, and RtEVM. This platform ensures Bitcoin-equivalent security, a trustless cross-chain bridge, and a real-time EVM programming environment.
For inquiries or comments contact [email protected].
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