Gate News Bot Report, February 13 — According to CoinMarketCap data, as of press time, BTR (Bitlayer) is priced at $0.14, up 52.94% in the past 24 hours, reaching a high of $0.16 and a low of $0.08. The 24-hour trading volume is $76.2 million. The current market capitalization is approximately $36.8 million, an increase of $1.27 million from yesterday.
Bitlayer is a Bitcoin Rollup network centered around BitVM, dedicated to providing programmability and scalability solutions for the Bitcoin ecosystem. The platform implements a trust-minimized cross-chain mechanism via the BitVM Bridge, employing a “presence honesty” design to ensure security—at least one prover deletes their private key, one broker executes redemption requests, and one observer challenges fraud claims.
Bitlayer has launched the programmable asset YBTC, supporting multi-chain deployment and offering native or integrated yield products for holders. The network has achieved over $36 million in total locked value (TVL) for YBTC, over $30 million in BTC deposits, more than 30,000 users, and an average daily trading volume of $360 million. The platform combines BitVM-style smart contracts with zero-knowledge proofs to achieve finality on Bitcoin, while utilizing the RtEVM (Real-time EVM) engine to provide near real-time EVM performance, supporting multi-threaded parallel transaction execution and infinitely scalable state storage.
Recent Major News on BTR:
1️⃣ Increased Attention to Bitcoin Ecosystem Expansion Plans
As a representative of Bitcoin Rollup Networks, Bitlayer’s innovative architecture based on BitVM technology is gaining market recognition. The near real-time EVM performance and multi-threaded parallel transaction capabilities enabled by the RtEVM engine address long-standing programmability bottlenecks in the Bitcoin ecosystem, significantly enhancing its competitiveness in the Bitcoin Layer 2 scaling track.
2️⃣ Continuous Growth of the YBTC Programmable Asset Ecosystem
YBTC, as the platform’s core product, has accumulated over $36 million in total locked value and over $30 million in BTC deposits, attracting more than 30,000 users. The active daily trading volume of $360 million reflects growing market demand for Bitcoin derivatives like this, driving market demand for the BTR token.
3️⃣ Strengthening Market Confidence with Trust-Minimized Security Model
The platform’s “presence honesty” design mechanism, which balances multiple roles (prover, broker, observer), ensures cross-chain interaction security. This unique security framework demonstrates in the Bitcoin ecosystem and provides strong fundamental support for investors.
This news is not investment advice. Investors should be aware of market volatility risks.
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