BEVM is a decentralized EVM-compatible Bitcoin Layer-2 project based on the Taproot Consensus. It uses BTC as gas and enables all dApps that run on Ethereum to operate on Bitcoin L2s. The project plans to expand the Bitcoin Layer-2 ecosystem via a BEVM-Stack "layer-2-as-a-service" to let developers launch applications with one click. BEVM also intends to build a Decentralized Bitcoin Foreign Exchange (DBFX) protocol to bridge native BTC into DeFi protocols. The team raised $10 million in a seed and partial Series A funding round, and its post-investment valuation is estimated at $200 million. More than 20 institutions participated and the funding will be used to expand activities and further decentralize the Bitcoin ecosystem.

Total raised

$10M

Funding rounds

1

Latest round

Seed

Latest activity

Mar 2024