BTR (Bitlayer) 24-hour increase of 37.92%

Gate News Bot Message, January 16th, according to CoinMarketCap data, as of press time, BTR (Bitlayer) is currently priced at $0.05, up 37.92% in the past 24 hours, with a high of $0.05 and a low of $0.03. The 24-hour trading volume reached $16.2 million. The current market capitalization is approximately $13.6 million, an increase of $3.73 million compared to yesterday.

Bitlayer is a Bitcoin layer-2 scaling solution dedicated to improving transaction efficiency and ecological applications on the Bitcoin network. Currently, the platform’s YBTC total locked value exceeds $3 million, with a daily trading volume of $360 million, and over 3 million BTC settled. It supports more than 3,000 multi-chain ecosystems. Bitlayer has received investment backing from top institutions such as Polychain Capital, Franklin Templeton, Framework, ABCDE, and others.

Important recent news about BTR:

1️⃣ Rising Attention to Bitcoin Layer-2 Sector As a representative of Bitcoin layer-2 scaling solutions, Bitlayer’s value in supporting Bitcoin ecological applications and enhancing transaction efficiency is increasingly recognized. The platform’s YBTC total locked value exceeds $3 million, with a daily trading volume of $360 million, and over 3 million BTC settled. These data reflect the activity level of this ecosystem in practical applications, potentially prompting a market re-evaluation of the BTR token.

2️⃣ Ecosystem Scale and Multi-Chain Coverage Advantages Bitlayer supports over 3,000 multi-chain ecosystems, demonstrating strong cross-chain interoperability. This extensive ecosystem coverage helps enhance the platform’s practical value and user base, providing a solid foundation for the long-term development of the BTR token.

3️⃣ Endorsement by Top Institutions Boosts Market Confidence Continued support from well-known investment institutions such as Polychain Capital, Franklin Templeton, Framework, ABCDE, and others reflects industry recognition of the Bitlayer project. Such institutional endorsements often add a premium to the project’s credibility and can stimulate investor enthusiasm.

This message is not investment advice. Please be aware of market volatility risks when investing.