Bitlayer has launched BitVM, a smart contract bridge for Bitcoin, aiming to improve BTC’s accessibility across blockchain networks.
The bridge allows users to convert BTC to Peg-BTC (YBTC) for use in smart contracts and integrates with Sui, Base, and Arbitrum.
The DeFi ecosystem for Bitcoin is expanding, with competition from projects like BabylonChain and Stacks, leveraging recent Bitcoin upgrades.
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