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
The risk of escalation in the U.S.-Iran conflict rises to 70%, with experts warning that Bitcoin may face a short-term crash
US-Iran conflict escalates, tensions may persist through May, oil prices break $95, global markets face risks. Bitcoin under short-term pressure, investor risk-aversion sentiment rises, focus on geopolitical risks and asset allocation strategies.
GateNews1h ago
Musk Clarifies He Doesn't Hold Shiba Inu, Triggering Brief SHIB Volatility
Elon Musk recently clarified that he does not hold Shiba Inu (SHIB) tokens, putting an end to market speculation about his potential SHIB accumulation. This statement has drawn investor attention to SHIB's price fluctuations. Although Musk has not invested in SHIB, his association with Dogecoin continues to influence market sentiment around SHIB. The SHIB price has declined approximately 93.55% from its historical high.
GateNews1h ago
Mainstream CEX Listing Pi Coin Countdown, Market Bullish Sentiment Heats Up Before Pi Day
Pi Network community receives positive news with mainstream exchanges listing Pi coin on March 13, with market attention surging dramatically. Technical analysis shows PI/USDT in an uptrend with strong buying pressure, though short-term pullback risks warrant attention. This event could drive Pi coin to break through current price levels and form a new wave of upward momentum.
GateNews1h ago
Alameda Unstakes 17 Million Dollars SOL and Transfers to Bankruptcy Account, Currently Still Holds 321 Million Dollars
Gate News reports that on March 12, according to Arkham monitoring, Alameda unstaked SOL worth $17 million and transferred it to a bankruptcy account. It is understood that Alameda regularly distributes SOL to creditors on a monthly basis. Currently, its on-chain account still holds SOL worth $321 million.
GateNews1h ago
Iran warns that oil prices could soar to $200, and Bitcoin faces a new wave of volatility risk
Iran warns that if the US and Israel continue military actions, oil prices could soar to $200, potentially intensifying inflation and affecting the Bitcoin market. Although Bitcoin has recently rebounded, geopolitical conflicts have caused its performance to remain unstable, and analysts indicate that there may be significant fluctuations in the future, so investors should stay alert to potential risks.
GateNews1h ago
