Ethereum Powers Bitlayer Cross-Chain Transfers

Bitlayer Migrates to Chainlink CCIP for Cross-Chain Transfers

• Bitlayer, a Bitcoin layer 2 network, has adopted Chainlink CCIP for cross-chain transfers with Ethereum.
• The Chainlink interoperability standard now facilitates secure transfers of BTR, USDC, USDT, ETH, and wstETH between Bitlayer and Ethereum networks.
• Bitlayer plans to make YBTC, its Bitcoin-pegged asset, cross-chain native via CCIP as the next development milestone.
• The adoption aims to enhance liquidity within Bitlayer’s ecosystem and expand Bitcoin decentralized finance capabilities.

Bitlayer’s migration to Chainlink CCIP enhances secure cross-chain transactions between Bitlayer and Ethereum, aiming to boost liquidity and expand DeFi capabilities.