BTCFi Predicted to Lead Web3 Growth in 2025, Says Bitlayer Labs Co-Founder at Hong Kong SmartCon 2024

According to Odaily, during the 2024 Hong Kong SmartCon conference hosted by Chainlink, Kevin He, co-founder of Bitlayer Labs, spoke at the 'Web3 Explosive Sectors in 2025' roundtable. He emphasized that BTCFi is poised to be the most promising sector in Web3 for 2025. He cited various macroeconomic factors such as wealth inheritance, national Bitcoin reserves, and the U.S. elections as driving forces behind the increasing demand from both institutions and retail investors for yield, arbitrage, and hedging solutions. These demands are fueling unique applications like staking, money markets, and various trading applications. With the continuous improvement of infrastructure, a trustless or minimally trusted and fully programmable environment is expected to attract significant liquidity. BitVM-driven bridging programs and Rollups will enhance BTCFi's security, while high-performance execution engines will support new trading Dapp applications. Bitlayer is honored to collaborate with industry leaders like Chainlink to advance this process. Undoubtedly, Bitlayer is gradually expanding the practical use cases of BTCFi. Our mission is to provide Bitcoin and its derivative asset holders with a trustless programmable environment to earn yields and manage risks. Currently, Bitlayer has integrated over 200 mainnet projects. According to public data from DefiLlama, Bitlayer's total value locked (TVL) exceeds $400 million, with over 200 million daily interactions. Compared to offline solutions, Bitlayer offers users advantages in self-custody, counterparty risk elimination, and transparency in practical applications such as money markets, trading, and structured products. The Bitlayer ecosystem is rapidly developing, and we welcome more users and developers to join.