Bitlayer has taken a significant step in integrating Bitcoin with the broader blockchain ecosystem by implementing BitVM, a brand new framework designed to allow trust-minimized Bitcoin interoperability.
Via partnerships with Base, Starknet, Arbitrum (ARB), Sonic, and Plume Community, Bitlayer’s BitVM Bridge goals to broaden Bitcoin’s (BTC) utility throughout decentralized finance and real-world asset functions, in accordance with a press launch shared with crypto.information.
Base’s cbBTC will enable Bitcoin holders to make use of their property on EVM-compatible chains, bringing Bitcoin into the broader DeFi ecosystem.
Arbitrum customers will now be capable to bridge Bitcoin property via Bitlayer’s trust-minimized framework, additional strengthening the community’s DeFi panorama. In the meantime, Starknet, a permissionless zero-knowledge rollup, will combine with Bitlayer to facilitate seamless Bitcoin transfers whereas sustaining safety and scalability.
Plume Community, the primary full-stack Layer 1 blockchain centered on real-world property, will leverage Bitlayer’s integration to unlock Bitcoin’s liquidity for institutional-grade monetary merchandise. This transfer aligns with Plume’s mission to bridge conventional finance with blockchain know-how.
Sonic, a high-performance Solana Digital Machine chain, will combine BitVM to deliver Bitcoin liquidity to Web3 functions, together with gaming and social media platforms.
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New use instances for Bitcoin
Bitlayer goals to unlock Bitcoin’s $1.9 trillion liquidity, enabling new monetary use instances. BTC holders can have entry to yield farming, lending, borrowing, and staking alternatives throughout these chains. These integrations place Bitcoin as a significant driver of DeFi adoption, bringing extra utility to its historically static liquidity.
Bitlayer plans to proceed increasing the BitVM ecosystem by partnering with extra blockchain networks and DeFi protocols.
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