Bitlayer expands Bitcoin’s reach with first BitVM implementation

Bitlayer has taken a major step in the integration of Bitcoin with the wider blockchain ecosystem by implementing BITVM, a new frame designed to allow Bitcoin interoperability minimized by confidence.

Through partnerships with BaseArbier of “Starknet” (ARB), Sonic and Plume Network, Bitvm Bridge de Bitlayer aims to extend Bitcoin (BTC) utility through Decentralized finance And real asset applications, according to a press release shared with Crypto.News.

The basic CBBTC will allow Bitcoin holders to use their assets on EVM compatible channels, bringing bitcoin to the wider DEFI ecosystem.

Arbitrum users will now be able to fill Bitcoin assets through Minimized Framework of Bitlayer’s confidencefurther strengthening the network defi landscape. Meanwhile, Starknet, a rollup of zero knowledge without permission, is part of Bitlayer to facilitate Bitcoin transfers without seam while maintaining security and scalability.

Plume Network, the first blockchain of the full -top layer 1 stack focused on active world, will take advantage of Bitlayer integration to unlock Bitcoin liquidity for institutional quality financial products. This movement aligns on Plume’s mission to fill traditional finance with blockchain technology.

Sonic, a chain of high performance Solana virtual machines, will integrate BITVM to provide Bitcoin applications to web3 applications, including game and social media platforms.

New use cases for Bitcoin

Bitlayer aims to unlock the liquidity of 1.9 Billion of dollars of Bitcoin, allowing new cases of financial use. BTC holders will have access to agriculture, loans, loan and staking Opportunities in these chains. These integrations position Bitcoin as a major engine of the adoption of DEFI, bringing more utility to its traditionally static liquidity.

Bitlayer plans to continue to extend the BITVM ecosystem by associating with additional blockchain networks and DEFI protocols.