Bitlayer, a blockchain platform, has introduced BitVM, a framework that allows for trust-minimized interoperability between Bitcoin and other blockchain networks. By partnering with Base, Starknet, Arbitrum, Sonic, and Plume Network, Bitlayer aims to expand Bitcoin's usefulness in decentralized finance (DeFi) and real-world asset applications. Through these partnerships, Bitcoin holders will be able to use their assets on EVM-compatible chains, bridge Bitcoin assets on Arbitrum, facilitate seamless Bitcoin transfers on Starknet, unlock Bitcoin's liquidity for institutional-grade financial products on Plume Network, and bring Bitcoin liquidity to Web3 applications on Sonic. Bitlayer's goal is to unlock Bitcoin's $1.9 trillion liquidity, opening up new financial opportunities such as yield farming, lending, borrowing, and staking across various blockchain networks. The company plans to continue expanding the BitVM ecosystem by collaborating with more blockchain networks and DeFi protocols.



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