Bitlayer $BTR quietly climbing the Bitcoin L2 charts, $430M TVL, active users growing fast .

I’ve been keeping an eye on the Bitcoin L2 space and one project that’s starting to stand out is Bitlayer, Unlike most chains trying to bolt DeFi onto Bitcoin, Bitlayer applies the BitVM paradigm to bring EVM style smart contracts directly with Bitcoin level security, Think of it as Bitcoin’s computation layer, opening the door for scalable DeFi without leaving the BTC ecosystem, Even better, users can pay gas fees directly with native BTC, which feels a lot more good for Bitcoin holders.

Another key of concern is the BitVM Bridge, which issues 1:1 backed assets like YBTC and YBTC.B, This creates a safer entry point for liquidity and yield strategies in Bitcoin DeFi, without depending on centralized custody, For anyone looking at yield opportunities around BTC, this shows a trusted approach and which is a big deal.

What’s interesting is how quickly traction is building, Bitlayer has already hit $430M TVL, putting it in 3rd–4th place among BTC L2s, just behind Babylon and Solv (each around $500M), On top of that, the chain logged 51,277 active addresses in the last 30 days, showing actual user adoption rather than just inflated numbers, I’ve even noticed more exchanges like Bitget starting to spotlight BTC L2 projects, which usually signals growing retail and institutional interest in the sector.

And this is before their next big step, the V2 upgrade and The transition from a sidechain to a Bitcoin native rollup is set to boost decentralization and scalability long term, With a strong Asia Pacific team and backing from key KOLs like K line Master and He Bi, Bitlayer seems positioned to ride the Bitcoin L2 wave that many still aren’t paying attention to.

Not financial advice, but this one feels like a project worth watching closely as the BTC DeFi narrative heats up.