# Polychain-Backed Bitlayer (BTR) Debuts on Binance 27 Aug—A $300 M Empire Sets Sail

By [DEPIN](https://paragraph.com/@web3_depin) · 2025-08-25

polychain, btr

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**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.

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**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.

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**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.

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**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.

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**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.
    

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**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.

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**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.

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**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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*Originally published on [DEPIN](https://paragraph.com/@web3_depin/polychain-backed-bitlayer-btr-debuts-on-binance-27-aug—a-dollar300-m-empire-sets-sail)*
