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
Gate's annual trading volume increased by $3.9 trillion, a 204% year-over-year growth.
CryptoQuant report shows that Gate's trading volume increased by $3.9 trillion over the past year, a 204% year-on-year growth, ranking first in both BTC and perpetual contract markets. Its derivatives trading is rapidly expanding, making it the fastest-growing exchange in 2025, demonstrating sustained liquidity and market share advantages.
GateNews34m ago
The US-Iran conflict highlights the advantages of 24/7 cryptocurrency trading, with on-chain markets becoming the new global financial hub
On March 4th, the U.S. military strike on Iran triggered global market tensions. Bitwise Chief Investment Officer Matt Hougan pointed out that the cryptocurrency market demonstrates the flexibility of 24/7 trading, making it essential for real-time transactions, while also driving on-chain finance toward mainstream adoption. Investors need to master stablecoins and tokenized assets to adapt to the increasingly competitive market environment.
GateNews1h ago
Cardano Founder: XRP May Meet SEC's Proposed Security Standards
Cardano founder Charles Hoskinson questions the SEC's new digital asset rules, pointing out that XRP could be classified as a security due to Ripple's control of a large supply. Hoskinson warns that these rules could negatively impact proof-of-stake networks and notes that the bill might create a two-tier system, requiring new projects to demonstrate decentralization to attain commodity status. Ripple supports a friendly bill, believing the future outlook is optimistic. This discussion highlights the high uncertainty in the regulation of digital assets in the United States.
GateNews1h ago
Lido suspends ZKsync bridge deposits, raising security concerns; LDO and ZK both weaken
Ethereum's liquid staking protocol Lido Finance has paused new bridging deposits after discovering a potential security vulnerability in the wstETH bridging contract on the ZKsync network. Currently, the vulnerability has not been exploited, and user assets are safe. Lido is working on a fix through decentralized governance, with a governance vote expected to take place in late March 2026. This incident has caused short-term pressure on the related tokens.
GateNews2h ago
EDGE (Definitive) 24-hour increase of 163.59%
Gate News Bot message, March 04, according to CoinMarketCap data, as of press time, EDGE (Definitive) is currently trading at $0.27, up 163.59% in the past 24 hours, with a high of $0.30 and a low of $0.08. The 24-hour trading volume reached $18.4 million. The current market capitalization is approximately $74.1 million, an increase of $46 million from yesterday.
EDGE is the utility token of the Definitive platform, designed to enhance the user trading experience. Users can stake EDGE to enjoy lower trading fees, priority access to new features, and unlock exclusive rewards.
Definitive is an on-chain advanced trading platform that supports trading any asset on any public blockchain. The platform offers market orders, limit orders, and TWAP, among others.
GateNews2h ago
Iran conflict escalation drives surge in Bitcoin demand, with large amounts of funds withdrawing from platforms and moving into personal wallets
As tensions in the Middle East escalate, cryptocurrency trading in Iran has significantly increased, with users大量 buying Bitcoin and transferring it to personal wallets to protect their assets. The platform Nobitex has experienced a surge in withdrawals, indicating a reduced reliance on centralized services. Historically, during geopolitical conflicts, cryptocurrencies often serve as tools for cross-border transfers and risk mitigation. Users diversify assets to reduce risk but also need to bear the responsibility of private key management. Amid increasing global market uncertainty, some funds are flowing overseas, with investors turning to Bitcoin to hedge against banking restrictions.
GateNews2h ago
