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.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Ripple Payments Unifies Fiat and Crypto for Global Transfers
Ripple payments network has processed over $100B using 51 real-time payment rails across more than 60 markets.
The platform integrates fiat, stablecoins, and digital assets, letting companies collect, convert, and send funds globally.
RLUSD surpassed $1B market cap while supporting
CryptoFrontNews27m ago
BTC breaks through $71,000, up 3.00% intraday
Gate News Report, March 10th, BTC broke through $71,000. As of the time of publication, the intraday increase was 3.00%.
GateNews31m ago
BSC Ecosystem Token MILADY Market Cap Surpasses $6 Million, 24-Hour Increase of 39%
On March 10th, the BSC ecosystem token MILADY's market capitalization continued to rise, reaching a peak of $6.7 million, currently at $6.3 million, with a 24-hour increase of 39%. Factors contributing to the rise include listing on multiple CEX platforms and participation in BNB Chain AI Agent X Space. Gate News reminds investors to be aware of the market risks associated with Meme coins.
GateNews1h ago
Royaltiz's first athlete token launched, Eduardo Camavinga as the flagship case
Blockchain platform Royaltiz launched the ROY token related to French football star Eduardo Camavinga on March 9 on Solana, marking the on-chain tokenization of athlete assets. Royaltiz aims to transform fan relationships into economically valuable holding behaviors, with token value linked to the athlete's cultural influence and social interactions, leveraging Solana's technological advantages to provide liquidity for users.
MarketWhisper1h ago
JELLYJELLY spot-futures price difference reaches 34%, with a certain CEX contract position increasing to $9.96 million
On-chain analyst Ai Yi has detected that the JELLYJELLY chain has a market capitalization of $89.95 million, which differs significantly from the $67.17 million market cap of a certain CEX contract, with a spread of 34%. The price anomaly began this morning, and at 2 PM, the price surged again while the futures price declined. The CEX JELLY contract open interest skyrocketed to $9.96 million, with a funding rate of -2%, indicating large-scale short positions.
GateNews2h ago
