Bitlayer Monthly Report — September 2025
A collection of highlights from the month in Bitlayer
September marked a period of consistent product development and expanding global reach for Bitlayer.
A standout achievement this month was the expansion of YBTC.B into the Sui ecosystem, making the asset accessible across Ethereum, BSC, Avalanche, and Plume Network. YBTC.B has been integrated into leading DeFi protocols, including Cetus Protocol, Folks Finance, Navi Protocol, LFJ, and Momentum Finance, collectively supporting a TVL of approximately $300 million. This momentum sets the stage for even broader adoption of the YBTC family assets in the coming months.
The month also saw strong participation at Korea Blockchain Week, where Bitlayer engaged deeply with the global blockchain community. The team delivered a main stage presentation, while co-founder Charlie Hu joined a CoinDesk live stream directly from the event. Bitlayer’s booth attracted vibrant engagement with creative merchandise and giveaways, and the team participated in multiple side events, sharing recent milestones and future roadmap directly with the community.
Beyond these highlights, we achieved several key developments:
- BTR listed on major Korean exchange Bithumb
- Canonical cross-chain integration with Chainlink CCIP completed
- Media coverage in top-tier outlets including CoinDesk, Blockworks, Blockmedia, Blockbeats, and more
- 5+ community and industry dialogues led by our co-founders
Let’s dive into this month’s developments!
🔥This Month’s Top Stories
YBTC.B Goes Live on Sui
Bitlayer continues to expand the new representative BTC liquidity—YBTC.B is now live on Sui Network. The asset is already available for trading and liquidity provision on Cetus Protocol, Navi Protocol, and Momentum Finance.
Bitlayer Integrates Chainlink CCIP as Canonical Cross-Chain Infrastructure
Bitlayer has successfully migrated to Chainlink CCIP as its canonical cross-chain infrastructure. The Chainlink interoperability standard now powers secure transfers between Bitlayer and Ethereum for Bitlayer’s native token BTR, USDC, USDT, ETH, and wstETH. Next up: enabling cross-chain functionality for YBTC via CCIP.
Bitlayer Shines at Korea Blockchain Week 2025
Co-founders Kevin He and Charlie Hu attended Korea Blockchain Week (September 21–26), showcasing Bitlayer’s latest technical advancements—including the groundbreaking BitVM Bridge—to a global audience. Huge thanks to everyone who came out to celebrate with us during—your energy made #KBW2025 unforgettable.
CoinDesk Live at KBW: The Future of Bitcoin Infrastructure
Charlie Hu joined CoinDesk’s live stream during Korea Blockchain Week to discuss the next era of Bicoin infrastructure.
🚀More Updates and Events
1. System & Node Upgrades
Bitlayer has successfully completed a scheduled system and bootnodes upgrade.
2. YBTC 101: A Deep Dive
Our latest series breaks down what YBTC is, what sets it apart from other Bitcoin-pegged assets, and its role within the Bitlayer ecosystem.
“Most bridges use a “lock-and-mint” model. You lock your real BTC in a vault on the Bitcoin network and, by providing proof of this deposit, you mint an equivalent representative token (let’s call it XBTC) on another chain like Ethereum. To get your BTC back, you do the reverse: burn XBTC and present proof to unlock your BTC from the vault.
The security of this entire process hinges on the answers to three critical questions:
- Who controls the locked Bitcoin in the vault?
- Who verifies your deposit to approve the minting of new tokens?
- Who verifies that you’ve burned tokens to approve the release of Bitcoin?
The answers reveal exactly where you’re placing your trust.”
Take a look to learn more:
3. Nansen Released Bitlayer H1 2025 Report
The first half of 2025 was a period of foundational growth for Bitlayer, as the network evolved into a high-performance Bitcoin infrastructure project with key infrastructure releases including the BitVM Bridge Mainnet.
“Bitlayer made substantial strides in H1 2025, emerging as a leading force in Bitcoin Layer 2 innovation by deploying the first working implementation of BitVM and rapidly expanding its BTCFi ecosystem. Designed as a Bitcoin-equivalent Layer 2 with full EVM compatibility, Bitlayer enables advanced smart contract capabilities while preserving Bitcoin’s consensus and decentralization. The launch of the BitVM Bridge, a trust-minimized and non-custodial bridge, marked a foundational milestone, allowing native BTC to flow seamlessly into a programmable Bitcoin-aligned execution environment. This architecture unlocks Turing-complete application logic secured by Bitcoin itself, establishing a secure and scalable base layer for complex DeFi, structured products, and multichain applications.”
Notable metrics include:
- Over 220K daily transactions in April
- 60K+ active wallets in January
- Sustained activity: 160K+ daily transactions maintained throughout Q2
4. Blockworks Feature: BitVM Enters Implementation Phase
BitVM has enters the ‘implementation’ stage as Bitlayer’s BitVM Bridge and YBTC go live. Bitlayer is unlocking BTC liquidity with the BitVM Bridge and YBTC, building a new era of BTCFi.
5. BTR Listed on Bithumb
BTR is now officially listed on major Korean exchange Bithumb, expanding access to one of Asia’s most vibrant crypto trading markets.
Reminder: The Bitlayer Phase 1 BTR airdrop claims ended on September 30. Unclaimed airdrops after the deadline cannot be recovered. Please ensure timely action.
6. BTR Featured in Coinone Trading Campaign
From September 22 to September 26, users could trade BTR on Coinone to earn rewards as part of the promotional campaign.
7. AMA Recap: DEXTools & Binance Square
- Charlie Hu detailed Bitlayer’s recent achievements and strategic direction moving forward in a DEXTools AMA.
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Charlie Hu joined Binance Square for a live AMA, sharing the latest project developments, market insights, and future plans to live with the community.
8. Asian Boss Exclusive Interview
Charlie Hu sat down with Stephan Park of Asian Boss to discuss Bitlayer’s role in shaping the next wave of Bitcoin-powered innovation and the future of decentralized ecosystems.
9. Bitlayer Joins Bitget’s 7th Anniversary Celebration
Bitlayer participated in Bitget’s milestone 7th-anniversary event, offering community members a chance to earn BTR token rewards.
10. Event Recaps: Taipei & Istanbul
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Taipei Blockchain Week: Bitlayer brought its signature orange vibe to the event, fostering connections, exchanging ideas, and celebrating Bitcoin culture with the community.
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BitVM Alliance Meetup in Istanbul: As an active member of the BitVM Alliance, Co-Founder Kevin He joined leading BTC voices to explore how BitVM is moving from vision to real-world implementation. Builders and enthusiasts shared ideas and sparked debates actively.
TIP: The BitVM Alliance was founded by Robin Linus and Lukas George to accelerate the development and implementation of BitVM project. By combining expertise and resources, the alliance aims to expedite the delivery of the first BitVM bridges while ensuring robust security and innovative solutions. The collaborative nature of the alliance enables rapid knowledge sharing, coordinated development efforts, and comprehensive peer review of critical components.
📊Network Metrics Snapshot
- TVL: $211.75M (Source: DeFiLlama）
- Cumulative Addresses: 776,405
- Transaction Volume: 82.88M (+7.37% MoM)
🔜What’s Next?
Our path ahead is clear: Bitlayer will continue to drive the expansion of the YBTC family assets.
The fundamental goal is to bridge Bitcoin’s native value with advanced DeFi, offering both institutional and retail holders sophisticated yet accessible avenues for generating real yield.
A wave of new integrations and ecosystem partnerships is imminent. Follow our official channels to stay updated with the latest developments.