ChainCatcher news, the Bitcoin native Layer 2 project Bitlayer has announced the preliminary shortlist for the first phase of its Developer Acceleration Program (Booster Grants Program), with a total of 11 projects passing the preliminary selection and entering the final selection stage.The Bitlayer Acceleration Program is part of the developer airdrop initiative Ready Player One, primarily aimed at ecological projects that are planned or have been deployed to Bitlayer. Starting from September 12, 2024, the Bitlayer Foundation will select outstanding ecological projects from the registered projects each month, with a maximum allocation of ecological incentives valued at $1 million.Currently, Bitlayer has officially announced the list of projects that passed the preliminary selection in the first phase, covering multiple sub-tracks such as BTC-Fi, AI, and gaming, which are:RollDex: A Bitcoin native perpetual contract and derivatives trading platform within the Bitlayer ecosystem.bullishs: The first full-chain advertising gaming platform using seamless trading technology.Cygnus Finance: The first modular real yield layer that combines non-EVM systems with the EVM ecosystem.DeAgentAI: A decentralized artificial intelligence agent incentive protocol that allows users to create and deploy their own AI agents.Desyn: A decentralized asset management protocol that allows users to create and manage customized portfolios based on liquidity pools through smart contracts.Fun Worlds: A Web3 gaming empowerment platform aimed at building a DAO-governed Web3 value interaction platform.Jasper Vault: A decentralized options protocol designed to provide users with intuitive, simple, and secure options products.Trusta Labs: Building a Web3 authentication system that combines PoH, reputation, and credit infrastructure.Umoja: Provides algorithmic trading liquid staking tokens Smartcoins based on BTC, ETH, and SOL, using DeFi strategies to achieve specific risk returns.UXUY: The first self-custodial multi-chain wallet based on Telegram, now live and supporting third-party Bot connections.Xenobunny: A pioneer in on-chain gaming and guilds.

ChainCatcher news, Bitcoin Layer2 project Bitlayer has completed a $9 million A+ round financing with a valuation of $300 million. This round was led by Polychain Capital, with Franklin Templeton co-leading, and participation from SCB Limited, Selini Capital, G-20 Group, and other investors.Bitlayer co-founder Charlie Hu revealed that this round of financing started in early August and concluded last week. Just three months ago, the company had completed a $11 million Series A financing.Like the previous Series A financing, Bitlayer's A+ financing uses a Simple Agreement for Future Equity (SAFE) structure, accompanied by token warrants, with a valuation of $300 million, which includes both equity valuation and fully diluted token valuation. The latest round of financing brings Bitlayer's total funding to $25 million.

ChainCatcher news, according to Scam Sniffer, has currently detected Google search phishing ads targeting Bitlayer users. The phishing ads use dynamic redirection to disguise themselves as official domains. If users are not careful with the details, they may accidentally click on them. Users are reminded to stay vigilant.

ChainCatcher news, Bitlayer has announced the launch of a limited-time betting event for the 2024 Paris Olympics in the user center. Users can participate in multi-round event outcome betting using Bitlayer points or gems, and winners will share the points or gem rewards from the corresponding event prize pool. The specific time for this event is from August 2 to August 11 (UTC+8).The newly launched Olympic limited-time betting event is divided into two categories: points prize pool and gem prize pool. Users can spend 500 points or 200 gems to participate in a single bet, with a maximum of 10 participations per event, and there is a unique winning option. Winners will share the corresponding points or gem rewards based on their participation ratio. Each competition will be synchronized within 12 hours after the corresponding event results are announced, and the prize pool settlement will be completed. This limited-time betting event is a preliminary exploration of the use cases for Bitlayer gems and points. In the future, the team will introduce more interactive activities and reward mechanisms to ensure users have a richer experience within the Bitlayer ecosystem.

ChainCatcher news, according to Cointelegraph, the non-custodial Bitcoin interoperability protocol Portal has announced important strategic partnerships with Bitlayer, Sovryn, and Tari, and is set to launch an incentivized testnet. Portal provides users with a revolutionary, fully decentralized way to access Bitcoin liquidity by innovatively combining the Lightning Network and atomic swap technology. The platform does not rely on centralized intermediaries or custodians, ensuring users have complete control over their assets.It is reported that Bitlayer, as a Bitcoin sidechain/L2 solution, will provide Portal with faster transaction speeds and enhanced privacy features.Sovryn integrates its Bitcoin-backed stablecoin DLLR into the Portal DEX, enabling one-click trading with native BTC without the need for bridging, wrapping, or custody.The addition of Tari will expand the tokenization and trading possibilities of digital assets, allowing users to seamlessly trade various digital assets with Bitcoin as the settlement layer.

ChainCatcher news, according to Fortune, the Bitcoin L2 project Bitlayer Labs announced the completion of a $11 million Series A financing, led by Franklin Templeton, ABCDE, and Framework Ventures, with participation from Stake Capital Group, WAGMI Ventures, Flow Traders, GSR Ventures, and FalconX. This round of financing brings Bitlayer's total funding to $16 million.It is reported that Bitlayer is the first Bitcoin infrastructure project to receive ETF-licensed institutional investment, aiming to address the technical challenges of Bitcoin scalability through crypto innovation and blockchain protocol engineering. The project will be used to support various protocols within the ecosystem and continue the development of its Mainnet-V2.

ChainCatcher news, Bitlayer announced the official launch of the user center page on its website, providing users with services and features such as a badge wall, task modules, and exclusive racer upgrades. Starting today, Bitlayer supports users logging into the user center page, where they can view the number of Bitlayer gem airdrops received, accumulate points from past interactions, and claim honor badges from previous Bitlayer events after linking their personal wallets.Currently, the Bitlayer user center has launched three task modules: beginner tasks, advanced tasks, and daily tasks. In the future, more tasks and activities will continue to be opened, allowing users to complete tasks and earn Bitlayer points. Additionally, users logging into the user center will receive an exclusive racer as a racer, and they can earn points and upgrade their racer by completing tasks. In the future, Bitlayer will distribute $BTR airdrops based on users' points and racer levels.

ChainCatcher news, on July 11, the Bitcoin native Layer 2 network Bitlayer announced the launch of the first phase of the Dapp leaderboard competition, the Bitlayer Gems airdrop eligibility query page. Due to the active on-chain interactions of users, Bitlayer's ecological projects stood out in the leaderboard competition, and the winning teams confirmed that all rewards will be distributed to users based on dimensions such as user interactions, contributions to the project's TVL, and transaction counts.Bitlayer stated that in this phase of the event, over 40,000 valid addresses are eligible to claim the gem airdrop. The official airdrop claim page will be launched as soon as possible, and the gem rewards claimed by users will be converted into Bitlayer Tokens at a certain ratio in the future. Bitlayer reminds users to recognize the only official query link to guard against phishing risks. For more details on this phase's Bitlayer Gems airdrop eligibility query page, please refer to the source link.

ChainCatcher news, the Bitlayer head mining festival phase II event initiated by the Bitcoin native Layer 2 network Bitlayer and OKX Web3 has been online on OKX Web3 Cryptopedia for nearly a week. Data shows that the event has currently attracted 47,500 users, and it will continue until July 31 at 18:00 (UTC+8).This phase of the Bitlayer head mining festival features 6 major star ecological projects: GamerBoom, Macaron, Anome, Vanilla Finance, Avalon Finance, and Zearn. In addition to providing participating users with rewards of $1.2 million in Bitlayer tokens (BTR), participating users will also receive rich rewards such as NFTs and Tokens offered by the projects they participate in. Currently, users can log in to the dedicated page of the OKX Web3 Cryptopedia event to complete interactive tasks set by Bitlayer and the ecological projects. Completing any task and verifying it gives users a chance to share $1.2 million worth of BTR tokens and receive rewards from the projects they participate in.

ChainCatcher news, on June 27, the second phase of the head mining festival initiated by the Bitcoin native Layer 2 network Bitlayer officially launched on OKX Cryptopedia. This phase of the head mining festival includes 6 Bitlayer ecosystem projects: GamerBoom, Macaron, Anome, Vanilla Finance, Avalon Finance, and Zearn. The event will provide participants with Bitlayer tokens BTR rewards worth $1.2 million, as well as a variety of airdrops from ecosystem projects. This phase of the event lasts for 5 weeks, specifically from June 27, 18:00 to July 31, 18:00 (UTC+8).After the official launch of this phase of the head mining festival, users can log in to the OKX Cryptopedia official page to complete multiple tasks for project setup. After completing the tasks and verification process, they will have the opportunity to share $1.2 million worth of BTR tokens, with corresponding points, tokens, or other rewards for completing each task.

ChainCatcher news, according to the official website of Bitlayer, the native Layer 2 network of Bitcoin, the current total value locked (TVL) on the Bitlayer chain has surpassed 500 million USD, now standing at 534 million USD, with an increase of over 40% in the past 30 days. The top five ecological protocols by Bitlayer TVL are Avalon, Pell Network, bitCow, bitSmiley, and Macaron. According to official data, nearly a hundred ecological projects have been deployed on Bitlayer, with the number of active on-chain transactions exceeding 1 million, making it the fastest-growing Bitcoin Layer 2 in terms of ecosystem growth.Recently, Bitlayer will jointly launch the second phase of the mining festival event with the OKX Web3 wallet, where users can share rewards worth over 1.2 million USD in BTR by experiencing the Bitlayer ecosystem through the OKX Web3 wallet.

ChainCatcher news, based on the BTC ecosystem, the full-chain stablecoin protocol Satoshi Protocol, officially announces the launch of Bilayer, while simultaneously supporting Lorenzo stBTC as collateral for lending stablecoin SAT. It is reported that both parties have reached a strategic cooperation.Satoshi Protocol is an over-collateralized stablecoin protocol based on the BTC ecosystem, which has supported Bitlayer and BEVM mainnet, and plans to expand to multiple Bitcoin Layer2 ecosystems within a month, developing into a full-chain stablecoin protocol in the BTC ecosystem.Lorenzo aims to create the first Bitcoin liquidity financial layer based on the Babylon ecosystem, providing crypto investors with the simplest and smoothest BTC asset re-staking experience, capturing the best staking yields while releasing the liquidity of staked assets.

ChainCatcher message, the Mining Gala event initiated by the Bitcoin native Layer 2 network Bitlayer in collaboration with seven ecological projects: Lorenzo, Bitsmiley, Avalon, Bitcow, Pell, Enzo, and Bitparty has officially concluded. According to official website data, the total locked value (TVL) on the Bitlayer chain reached a peak of 450 million USD, with an increase of 346 million USD during the Mining Gala. The top five projects by TVL are Avalon, Pell, bitCow, bitSmiley, and Enzo. Additionally, the number of participants in this Mining Gala exceeded 303,000, and during the event, the average increase in followers for the social accounts of the co-organizers was 50,000, with an average of over 15,000 new user addresses added across the seven projects.In this Mining Gala event, the co-organizers not only provided users with project token airdrops worth over 24.35 million USD but also promised to distribute 100% of the Bitlayer gems earned from the Bitlayer Dapp leaderboard competition to users. Currently, eligible users have minted the exclusive badges for the Bitlayer Mining Gala pioneers for the corresponding projects for free, which can be redeemed for Bitlayer ecological rights in the future.

ChainCatcher news, according to official sources, the Bitcoin full-chain stablecoin protocol Satoshi Protocol has officially deployed on the Bitlayer mainnet. Users can now deposit BTC and stBTC on Bitlayer to mint the stablecoin SAT, providing users with better capital efficiency.In the coming weeks, DEX, ReStaking, and Lending ecosystem projects will be integrated to expand the use cases of SAT and promote the comprehensive development of the Bitcoin Layer2 ecosystem.It is reported that the Satoshi Protocol is a universal stablecoin protocol built specifically for BTC, utilizing an instant liquidation mechanism of the Stability Pool, with a maximum borrowing limit of 90% for each position. This move will unlock the idle funds in the Bitlayer ecosystem and release development potential.