Odaily News At the 2024 Hong Kong SmartCon conference hosted by Chainlink, Kevin He, co-founder of Bitlayer Labs, spoke at the "2025 Web3 Explosive Area" roundtable and said, "BTCFi will be the most explosive sector of Web3 in 2025. Considering macro factors such as wealth inheritance, Bitcoin national reserves, and the US election, various demands from institutions and retail investors (such as yield, arbitrage, hedging, etc.) are growing. These demands have driven unique applications such as staking, money markets, and various trading applications. As infrastructure becomes more and more complete, a trustless or trust-minimized and fully programmable environment will usher in a huge amount of liquidity injection. BitVM-driven bridge programs and Rollups will provide security for the development of BTCFi, and high-performance execution engines will support new trading Dapp applications. Bitlayer is honored to work with industry leaders such as Chainllink to promote this process. There is no doubt that Bitlayer is gradually expanding the actual use cases of BTCFi. Our mission is to provide a trustless programmable environment for holders of Bitcoin and its derivative assets for users to earn income and manage risks. At present, Bitlayer More than 200 mainnet projects have been connected; according to public data from DefiLlama, Bitlayer currently has a TVL of over $400 million and over 200 million daily interactive operations. Compared with offline solutions, Bitlayer brings users advantages including self-custody, no counterparty risk, and transparency in practical applications such as currency markets, transactions, and structured products. The Bitlayer ecosystem is in a rapid development stage, and we welcome more users and developers to join us.”