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:

1. Incentives—rewards for devs, users, liquidity providers.

2. 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:

1. Incentives—rewards for devs, users, liquidity providers.

2. 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.