The Good Tech Companies - Bitlayer Advances The First BitVM Implementation Through Major Strategic Partnerships

Episode Date: March 2, 2025

This story was originally published on HackerNoon at: https://hackernoon.com/bitlayer-advances-the-first-bitvm-implementation-through-major-strategic-partnerships. Bitla...yer is thrilled to announce strategic partnerships with five leading blockchains, including Base, Starknet, Arbitrum, Sonic, and Plume Network, superchargi Check more stories related to web3 at: https://hackernoon.com/c/web3. You can also check exclusive content about #web3, #bitlayer, #chainwire, #press-release, #bitlayer-announcement, #blockchain-development, #crypto-exchange, #good-company, and more. This story was written by: @chainwire. Learn more about this writer by checking @chainwire's about page, and for more stories, please visit hackernoon.com. Bitlayer announces strategic partnerships with five leading blockchains, including Base, Starknet, Arbitrum, Sonic, and Plume Network. BitVM Bridge will help unlock Bitcoin's $1.9 trillion worth of liquidity on multichain ecosystems.

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Starting point is 00:00:00 This audio is presented by Hacker Noon, where anyone can learn anything about any technology. Bitlayer advances the first BitVM implementation through major strategic partnerships, by Chainwire. Denver, United States, March 1, 2025, Chainwire, an increasing number of L1s and L2s are integrating Bitcoin into their ecosystems, showcasing user enthusiasm for Bitcoin's adoption. Today, BitLayer has taken decisive actions to connect a multi-chain ecosystem with a fully diluted valuation of tens of billions of dollars through the BitVM integration, which brings new opportunities for users who wish to unlock the potential for earning rewards on their Bitcoin holdings.
Starting point is 00:00:40 BitLayer is thrilled to announce strategic partnerships with five leading blockchains, including Base, Starknet, Arbitrum, Sonic, and Plume Network, supercharging Bitcoin's liquidity across these thriving ecosystems. Base, BitLayer-BitVM bridge is now connecting Bitcoin and Base, supercharging Bitcoin's liquidity on the network. Base's CBBTC enables Bitcoin holders to use their BTC across EVM-compatible blockchain ecosystems such as the BASE blockchain, bridging the gap between Bitcoin and decentralized finance. Arbitrum With BitLayer BitVM Bridge, Arbitrum users will be able to bridge assets to and from Bitcoin under a trust-minimized framework. A robust and highly liquid DeFi ecosystem will be one of the pioneers in bringing genuine DeFi to Bitcoin space. Starknet, BitLayer BitVM bridge
Starting point is 00:01:31 will integrate with Starknet, bringing Bitcoiners instant transactions and sub-cent fees in a trust- minimized environment secured by Stark proofs. Combine that with the Web2-like user experience enabled by Starknet's native account abstraction, and you end up with a Bitcoin DeFi hub where users can unleash the full potential of their Bitcoin. Plume Network, through the BitVM bridge, Plume Network, the first full-stack Layer 1 real-world asset, RWA, chain and ecosystem purpose built for RWAFI, will achieve optimal liquidity for diverse use cases from the Bitcoin ecosystem. Together, BitLayer and Plume are advancing RWAs as a cornerstone for bringing institutional-grade products. Sonic, the integration between BitLayer-BitVM Bridge and Sonic, the first SVMTO
Starting point is 00:02:19 launch on Solana, for games and applications. Powering Web3 TikTok app layer onboarding next billion users. Implementing BITVM through strategic integration frameworks BitLayer pioneers Bitcoin's evolution as the first team to implement BITVM, unlocking native programmability and scalability without forks. BitLayer's BITVM bridge stands as a transformative innovation in Bitcoin bridging technology, meticulously developed by BitLayer and underpinned by the advanced BitVM paradigm. As the most immediate benefit of integration, BitVM Bridge will help unlock Bitcoin's $1.9 trillion USD worth of liquidity on multi-chain ecosystems, allowing users on Base, Starknet, Arbitrum, Sonic, and Plume Network to gain access to
Starting point is 00:03:05 a range of DeFi opportunities, while enjoying the highest security of Bitcoin. These upcoming integrations will enable BTC to unlock several key use cases on the target chains, driving rapid liquidity growth yield farming and liquidity pools. BTC can be used in liquidity pools on protocols like Aerodrome, AAVE, or Silo Finance, allowing Bitcoin holders to earn rewards from various DeFi protocols by providing liquidity. Lending and Borrowing. Bitcoin holders can use BTC as collateral to lend their assets or borrow other tokens, effectively leveraging Bitcoin in decentralized finance. Staking. Users can earn additional staking rewards
Starting point is 00:03:45 through staking BTC on those supported protocols, adding another layer of incentives for participants. At its core, this move unleashes the utility and liquidity kept dormant in Bitcoin, vying to break out into a swath of blockchain ecosystem applications. What's NEXT This first BitVM integration marks a profound shift in the evolution of crypto. By connecting Bitcoin to various blockchains and protocols in a trust-minimized way, we are witnessing the emergence of a unified ecosystem, driven by Bitcoin as a catalyst for DeFi growth. Following these significant integration milestones, BitLayer intends to collaborate with more
Starting point is 00:04:23 blockchain, DeFi protocol and native BTC protocol to ultimately build a robust BitVM ecosystem. Follow Bitlayer official channels for more upgrades soon. About Bitlayer Bitlayer is pioneering the first BitVM implementation. By merging unparalleled security with a lightning-fast smart contract engine, Bitlayer unlocks the full potential of Bitcoin DeFi. BitLayer is committed to an open and collaborative Bitcoin DeFi ecosystem, working with partners to advance BTC Bridge, Bitcoin Layer 2 and BitVM stack, driving the future of secure, scalable, and programmable Bitcoin finance.
Starting point is 00:05:00 Contact Anna Solana Press at BitLayer.org. Tip This Story was distributed as a release by Chainwire under HackerNoon's business blogging program. Learn more about the program here. Thank you for listening to this HackerNoon story, read by Artificial Intelligence. Visit HackerNoon.com to read, write, learn and publish.

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