Cryptopedia - Bitlayer

### What Is Bitlayer ? Bitlayer is pioneering the first BitVM implementation. By merging unparalleled security with a lightning-fast smart contract engine, Bitlayer unlocks the full potential of Bitcoin DeFi. Core Solutions: BitVM Bridge: Gateway for Bitcoin DeFi – The latest generation of BTC bridge ensures the best security model and seamless interoperability, bringing BTC into DeFi. Bitlayer Network: Engine for Bitcoin DeFi – A Bitcoin Rollup powered by BitVM stack and Real-time EVM, enabling real-time, low-cost, and scalable Bitcoin DeFi applications. Bitlayer is committed to an open and collaborative Bitcoin DeFi ecosystem, working with partners to advance BTC Bridge, Bitcoin Layer 2 and BitVM stack, driving the future of secure, scalable, and programmable Bitcoin finance. Round Dynamics Raised 5M USD in Seed Round, led by Framework Ventures and ABCDE Capital, with participation from StarkWare, OKX Ventures, Alliance, Asymmetric Capital, UXTO Management, Kenetic Capital, many other VCs and angels, such as Messari former CEO Ryan Selkis, Messari Cofounder Dan McArdle and many others. Raised 20M USD in Series A Round, led by Polychain & Franklin Templeton, with participation from SCB Limited, Stake Capital Group, GSR, Flow Traders, Metalpha, Selini Capital, Caladan, G-20 Group, Presto Labs, FalconX and many others.