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DEPINThe brief history of DePIN
DePIN (Decentralized Physical Infrastructure Networks) refers to decentralized systems that leverage blockchain technology to manage physical infrastructure in a way that is transparent, scalable, and incentivized through token economies. The concept of DePIN has evolved significantly since its early days, and its development has been shaped by key milestones and real-world applications.Early Development (2021–2022)The origin of DePIN can be traced back to 2021 when IoTeX first coined the ter...
DEPINUnveiling the most powerful digital currencies in 2024: the road to a hundredfold rise of VIRTUAL, B…
In the digital currency field in 2024, which is full of variables and opportunities, various currencies have different performances. According to the CoinGecko report, as of December 25, several digital currencies have stood out, among which VIRTUAL, BRETT and POPCAT have the highest growth rates. There are different driving factors behind them, which are profoundly affecting the cryptocurrency market pattern. The top three cryptocurrency market growth rates in 2024 are VIRTUAL, BRETT and POP...
DEPINPIN AI: A16z Investment Project, $10M in Funding! Could Be the Next 100x Legend!
PIN AI is an open platform for personal AI, enabling users to reclaim data from centralized platforms and train private, on-device AI models. The PIN network integrates private computing, Trusted Execution Environments (TEEs), and blockchain validation to ensure secure interactions between humans and AI. PIN AI aims to create an open AI network with access to a vast amount of contextual data, where AI builders can create a variety of useful AI applications. Rooted in open-source AI and Ethere...
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DEPINPolychain-Backed Bitlayer (BTR) Debuts on Binance 27 Aug—A $300 M Empire Sets Sail
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<100 subscribers
Support DEPIN
DEPINPolychain-Backed Bitlayer (BTR) Debuts on Binance 27 Aug—A $300 M Empire Sets Sail
DEPINThe brief history of DePIN
DePIN (Decentralized Physical Infrastructure Networks) refers to decentralized systems that leverage blockchain technology to manage physical infrastructure in a way that is transparent, scalable, and incentivized through token economies. The concept of DePIN has evolved significantly since its early days, and its development has been shaped by key milestones and real-world applications.Early Development (2021–2022)The origin of DePIN can be traced back to 2021 when IoTeX first coined the ter...
DEPINUnveiling the most powerful digital currencies in 2024: the road to a hundredfold rise of VIRTUAL, B…
In the digital currency field in 2024, which is full of variables and opportunities, various currencies have different performances. According to the CoinGecko report, as of December 25, several digital currencies have stood out, among which VIRTUAL, BRETT and POPCAT have the highest growth rates. There are different driving factors behind them, which are profoundly affecting the cryptocurrency market pattern. The top three cryptocurrency market growth rates in 2024 are VIRTUAL, BRETT and POP...
DEPINPIN AI: A16z Investment Project, $10M in Funding! Could Be the Next 100x Legend!
PIN AI is an open platform for personal AI, enabling users to reclaim data from centralized platforms and train private, on-device AI models. The PIN network integrates private computing, Trusted Execution Environments (TEEs), and blockchain validation to ensure secure interactions between humans and AI. PIN AI aims to create an open AI network with access to a vast amount of contextual data, where AI builders can create a variety of useful AI applications. Rooted in open-source AI and Ethere...
A New Chapter for Bitcoin Scalability
Bitcoin’s Layer 2 leader Bitlayer (BTR) will list on Binance at 18:00 SGT on 27 August. With a total value locked (TVL) of $391 million—31 % of the entire Bitcoin-L2 market—Bitlayer has overtaken former front-runner Merlin Chain and is now the undisputed heavyweight.
01 Strategic Backdrop: Why Bitcoin Needs a Layer 2—and Why Bitlayer Delivered
Bitcoin is the most secure and decentralized chain, but that security comes at the cost of limited throughput, high fees, and zero native smart-contract support. Bitlayer was conceived to square the circle: keep Bitcoin’s rock-solid security while grafting on Ethereum-grade programmability.
As the first rollup purpose-built for Bitcoin, Bitlayer is anchored in the breakthrough BitVM paradigm. It is 100 % EVM-compatible, so Solidity tooling, wallets, and dApps port over with minimal friction.
02 Technical Roadmap: A Three-Stage Flight Path to Mass Adoption
Stage 1 – Bitlayer PoS (live since Apr 2024)
• Combines Proof-of-Stake with multi-sig and MPC custody for a secure, scalable base.
• Full EVM equivalence + cross-chain bridges to BTC and EVM chains.
Stage 2 – Bitlayer Rollup (target Q1–Q2 2025)
• Brings BitVM to the BTC Bridge and the rollup itself.
• State transitions are proven directly on Bitcoin, delivering near-L1 security with trust-minimized bridges.
Stage 3 – Rollup Supercharged (target Q4 2025)
• 20,000 TPS, 3-second soft confirmations, UX tuned for mainstream adoption.
03 Ecosystem Snapshot: 1 M+ Users, 100+ dApps
In two months, on-chain assets have grown 10×. Flagship protocols now anchor the network:
• Avalon Finance – the self-proclaimed first “CeDeFi” lending market, $120 M TVL.
• Pell Network – $95 M TVL; provides security, infra, and yield-boosting services for BTC L2s.
• BitCow – $35 M TVL concentrated-liquidity AMM on Bitlayer.
Gaming, infra, and DeFi verticals are all live, forming a fly-wheel around BTR demand.
04 Token Design: BTR Economics & Price Layers
Total supply: 1 billion BTR. Initial float after TGE: 235 million, of which 90 million are earmarked for airdrops and pre-sales.
Utilities:
Incentives—rewards for devs, users, liquidity providers.
Governance—proposal voting and parameter tweaks.
Pricing tiers (a deliberate staircase):
• Binance Wallet pre-TGE: $0.02
• CoinList public round: $0.20
• Official “mystery box” on website: $0.30
The gap creates early-stage optionality, but also volatility risk.
05 Market Metrics: A Growth Story in Hard Numbers
• TVL: $391 M → 31 % of BTC-L2 market.
• Nearest competitor Merlin: $196 M (down 50 %).
• Rootstock & CORE trail at ~$170 M each.
Catalysts: launches of pStake (liquid-staking) and Bedrock (restaking), plus Franklin Templeton’s freshly announced $11 M Series A extension.
06 Binance Listing: Liquidity, Eyeballs, and Volatility
Binance listings historically turbo-charge price discovery. Pre-TGE pricing at $0.02 vs. other tranches sets up potential arbitrage, but locked allocations from Binance Wallet sales will dampen initial float. Expect two-way volatility as early unlocks hit the order book.
07 Risk & Opportunity Matrix
Opportunities
• Sector leadership in the fastest-growing Bitcoin narrative.
• Deep, battle-tested technical roadmap with milestones already delivered.
• Tier-1 exchange debut = liquidity + credibility.
Risks
• Crypto-wide volatility; short-term price may detach from fundamentals.
• Roadmap execution risk—BitVM integration is uncharted territory.
• Regulatory uncertainty around Bitcoin L2s remains a wildcard.
Play it smart: size positions you can afford to lose, diversify, and keep one eye on the official channels.
A New Chapter for Bitcoin Scalability
Bitcoin’s Layer 2 leader Bitlayer (BTR) will list on Binance at 18:00 SGT on 27 August. With a total value locked (TVL) of $391 million—31 % of the entire Bitcoin-L2 market—Bitlayer has overtaken former front-runner Merlin Chain and is now the undisputed heavyweight.
01 Strategic Backdrop: Why Bitcoin Needs a Layer 2—and Why Bitlayer Delivered
Bitcoin is the most secure and decentralized chain, but that security comes at the cost of limited throughput, high fees, and zero native smart-contract support. Bitlayer was conceived to square the circle: keep Bitcoin’s rock-solid security while grafting on Ethereum-grade programmability.
As the first rollup purpose-built for Bitcoin, Bitlayer is anchored in the breakthrough BitVM paradigm. It is 100 % EVM-compatible, so Solidity tooling, wallets, and dApps port over with minimal friction.
02 Technical Roadmap: A Three-Stage Flight Path to Mass Adoption
Stage 1 – Bitlayer PoS (live since Apr 2024)
• Combines Proof-of-Stake with multi-sig and MPC custody for a secure, scalable base.
• Full EVM equivalence + cross-chain bridges to BTC and EVM chains.
Stage 2 – Bitlayer Rollup (target Q1–Q2 2025)
• Brings BitVM to the BTC Bridge and the rollup itself.
• State transitions are proven directly on Bitcoin, delivering near-L1 security with trust-minimized bridges.
Stage 3 – Rollup Supercharged (target Q4 2025)
• 20,000 TPS, 3-second soft confirmations, UX tuned for mainstream adoption.
03 Ecosystem Snapshot: 1 M+ Users, 100+ dApps
In two months, on-chain assets have grown 10×. Flagship protocols now anchor the network:
• Avalon Finance – the self-proclaimed first “CeDeFi” lending market, $120 M TVL.
• Pell Network – $95 M TVL; provides security, infra, and yield-boosting services for BTC L2s.
• BitCow – $35 M TVL concentrated-liquidity AMM on Bitlayer.
Gaming, infra, and DeFi verticals are all live, forming a fly-wheel around BTR demand.
04 Token Design: BTR Economics & Price Layers
Total supply: 1 billion BTR. Initial float after TGE: 235 million, of which 90 million are earmarked for airdrops and pre-sales.
Utilities:
Incentives—rewards for devs, users, liquidity providers.
Governance—proposal voting and parameter tweaks.
Pricing tiers (a deliberate staircase):
• Binance Wallet pre-TGE: $0.02
• CoinList public round: $0.20
• Official “mystery box” on website: $0.30
The gap creates early-stage optionality, but also volatility risk.
05 Market Metrics: A Growth Story in Hard Numbers
• TVL: $391 M → 31 % of BTC-L2 market.
• Nearest competitor Merlin: $196 M (down 50 %).
• Rootstock & CORE trail at ~$170 M each.
Catalysts: launches of pStake (liquid-staking) and Bedrock (restaking), plus Franklin Templeton’s freshly announced $11 M Series A extension.
06 Binance Listing: Liquidity, Eyeballs, and Volatility
Binance listings historically turbo-charge price discovery. Pre-TGE pricing at $0.02 vs. other tranches sets up potential arbitrage, but locked allocations from Binance Wallet sales will dampen initial float. Expect two-way volatility as early unlocks hit the order book.
07 Risk & Opportunity Matrix
Opportunities
• Sector leadership in the fastest-growing Bitcoin narrative.
• Deep, battle-tested technical roadmap with milestones already delivered.
• Tier-1 exchange debut = liquidity + credibility.
Risks
• Crypto-wide volatility; short-term price may detach from fundamentals.
• Roadmap execution risk—BitVM integration is uncharted territory.
• Regulatory uncertainty around Bitcoin L2s remains a wildcard.
Play it smart: size positions you can afford to lose, diversify, and keep one eye on the official channels.
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