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
Polymarket will roll out its V2 trading engine and its native stablecoin, Polymarket USD, within the next 2–3 weeks.
Polymarket announcement: a major upgrade is planned in the next 2–3 weeks, including rebuilding the trading engine, introducing Polymarket USD, optimizing order-matching efficiency, and more. This upgrade is the largest scale since the platform launched, and it will improve trading efficiency while reducing users’ concerns about non-official assets.
GateNews8m ago
Top 100 tokens by market cap: Gainers and losers—ENA is up 8.41% leading the pack, while DEXE is down 2.93% at the bottom
On April 6, the performance of the top 100 cryptocurrencies showed the largest gain and loss: Ethena (ENA) had the highest increase at 8.41%; DeXe (DEXE) had the highest decline at 2.93%. Overall market volatility was evident.
GateNews1h ago
Precious metals fall broadly; ETH volatility index EVIX drops 3.7% intraday
On April 6, gold prices fell to $4,675.42 per ounce, and silver prices were $72.681 per ounce. In the crypto market, the BTC and ETH volatility indexes were 47.66 and 67.41, respectively. In the FX market, the U.S. dollar versus the Chinese yuan and the Japanese yen edged down, European stock indexes generally declined, WTI crude oil rose, and Brent crude oil fell. The Gate platform supports trading for a variety of financial market products.
GateNews2h ago
CoinDesk 20 performance update: NEAR Protocol (NEAR) jumps 8.1% over weekend
CoinDesk Indices reports a daily update on the CoinDesk 20 Index, which is trading at 1968.74, up 3.5%. Seventeen assets have gained, with NEAR leading at +8.1% and BCH as the laggard at -0.6%.
CoinDesk3h ago
Robinhood private fund drops 16% early on, then rebounds 30%; it may face the impact of mega IPOs like SpaceX
Robinhood’s private-market fund Robinhood Ventures I, introduced by Robinhood, has rebounded by about 30% after an early dip. The fund aims to give retail investors opportunities to invest in late-stage shares of private, not-yet-listed companies. Analysts have warned that a potential IPO could cause short-term volatility, but the负责人 said there are still long-term investment opportunities.
GateNews4h ago
Crypto Market Sees Wider Rebound As $ETH and $BTC Lead Gains Despite Fearful Sentiment
The crypto market experienced a 2.23% gain, reaching a $2.36T market cap, with Bitcoin and Ethereum rising 3.17% and 3.78%, respectively. Notable gainers included $TRUMP, $GROK, and $MAGA. DeFi TVL increased by 1.72%, while NFT sales rose 5.79%. HypurrFi warned users of domain hijacking, and Apple removed Bitchat from China.
BlockChainReporter6h ago
