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(MENAFN- The Arabian Post)
Bitlayer, a prominent player in the bitcoin Layer 2 ecosystem, has announced strategic collaborations with five major blockchain networks: Base, Starknet, Arbitrum, Sonic, and Plume Network. This initiative aims to integrate Bitlayer’s BitVM technology, thereby unlocking approximately $1.9 trillion in Bitcoin liquidity and expanding its utility within decentralized finance ecosystems.
The integration of BitVM, a trust-minimized Bitcoin bridge developed by Bitlayer, is central to these partnerships. This technology facilitates secure and programmable interactions between Bitcoin and various blockchain platforms, enabling users to leverage their Bitcoin holdings across multiple DeFi applications.
Base, an Ethereum Layer 2 solution developed by Coinbase, is among the networks collaborating with Bitlayer. Through this partnership, Bitcoin holders can utilize their assets within Base’s ecosystem, bridging the gap between Bitcoin and Ethereum-compatible decentralized applications. This integration is expected to enhance Bitcoin’s liquidity within the Base network, offering users access to a broader range of financial services.
Starknet, a permissionless decentralized ZK-rollup, is also integrating with Bitlayer’s BitVM Bridge. This collaboration aims to provide Bitcoin users with seamless access to Starknet’s ecosystem, enabling instant transactions with minimal fees in a trust-minimized environment secured by STARK proofs. The integration is anticipated to create a Bitcoin DeFi hub, allowing users to fully exploit the potential of their Bitcoin holdings.
Arbitrum, known for its robust and highly liquid DeFi ecosystem, is another key partner in this initiative. By integrating with Bitlayer’s BitVM Bridge, Arbitrum users will be able to bridge assets to and from Bitcoin under a trust-minimized framework. This development positions Arbitrum as a pioneer in bringing genuine DeFi solutions to the Bitcoin space, further enhancing the interoperability between Bitcoin and Ethereum-compatible networks.
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The Plume Network, recognized as the first full-stack Layer 1 Real World Asset chain and ecosystem purpose-built for RWAFi, is also collaborating with Bitlayer. Through the BitVM Bridge, Plume Network aims to achieve optimal liquidity for diverse use cases within the Bitcoin ecosystem. This partnership is expected to advance RWAs as a cornerstone for bringing institutional-grade products to the blockchain space, thereby broadening the scope of Bitcoin’s utility.
Sonic, the first SVM to launch on Solana, is integrating with Bitlayer’s BitVM Bridge to transform how users interact with games and applications. This collaboration is set to enhance the gaming and decentralized application landscape by incorporating Bitcoin’s liquidity and security features, offering users a more enriched experience.
Collectively, these integrations are poised to unlock Bitcoin’s substantial liquidity across multiple blockchain ecosystems. Users on Base, Starknet, Arbitrum, Sonic, and Plume Network will gain access to a variety of DeFi opportunities, including yield farming, liquidity pools, staking, lending, and borrowing, all while benefiting from Bitcoin’s renowned security and decentralization.
Arabian Post – Crypto News Network
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