Bitlayer has taken a major step to integrate bitcoin with broad blockchain ecosystem by applying Bitvm, a new structure designed to enable the trust-nuns-nuns to enable interoperability.
According to a press release shared with Crypto.news, through partnership with base, Starknet, Arbitrum (ARB), Sonic and Plum Network, the purpose of Bitleir’s Bitleir’s Bitleir’s Bitlear Bridge is aimed at decentralized finance and BTC (BTC) uses in the applications of real -world property.
The base CBBTC will allow bitcoin holders to use their assets on EVM-compatible chains, bringing bitcoins into a broader DEFI ecosystem.
The intermediary users will now be able to bridge bitcoin assets through the Trust-Nuns of Bitlear’s Trust-Nunsm structure, further strengthening the network’s DEFI landscape. Meanwhile, Starknet will integrate with the bitlear to facilitate seamless bitcoin transfer while maintaining a permitted zero-knowledge rollup, safety and scalability.
The plum network, the first full-stack layer 1 blockchain focuses on real-world assets, which will take advantage of the integration of the bitalear to unlock the liquidity of bitcoin for institutional-grade financial products. This step aligns with the mission of the plum to bridge the traditional finance with blockchain technology.
Sonic will integrate BitVM to bring bitcoin liquidity to web 3 applications including a high-demonstration Solna Virtual Machine Chain, Gaming and Social Media Platforms.
New use cases for bitcoin
Bitleir aims to unlock $ 1.9 trillion liquidity of bitcoin, which can enable cases of new financial use. BTC holders will have access to farming, lending, borrowing and reducing opportunities in these chains. This integration is in the position of bitcoin as a major driver of DEFI adoption, which traditionally brings more utility to stable liquidity.
Bitlayer has planned to continue expanding the BITVM ecosystem by participating with additional blockchain networks and Defi protocols.
