tl;dr
OKX Ventures, the venture arm of leading crypto exchange OKX, has announced a strategic investment in Bitlayer, the first Bitcoin security-equivalent Layer 2 based on BitVM. Bitlayer aims to scale the Bitcoin network’s transaction capability with its Discreet Log Contract (DLC) framework to handle f...
OKX Ventures Announces Strategic Investment in Bitlayer OKX Ventures has announced a strategic investment in Bitlayer, the first Bitcoin security-equivalent Layer 2 based on BitVM. The investment aims to support Bitcoin scaling through various approaches, emphasizing decentralization and trustlessness.
Bitlayer has been successful in addressing Bitcoin Layer 2 challenges and has generated $179,600 in fees. It has also established multiple bridges between Bitlayer and other Layer 1 chains, accumulating a total value locked (TVL) of $94.55 million with a 41.8% increase since its recent launch.
Furthermore, OKX has provided an update on its token listing process, addressing feedback and highlighting the thorough review process and adherence to local laws.
In a press release, OKX Ventures Founder Dora Yue emphasized the support for Bitcoin scaling through vertical, horizontal, inward, and layered scaling in past investment portfolios. Bitlayer, leveraging Taproot and BitVM technologies, aims to handle financial applications securely with its Discreet Log Contract (DLC) framework while scaling the Bitcoin network’s transaction capability.
Bitlayer has accumulated $179,600 in fees since the launch of Bitlayer Mainnet V1, supporting multiple bridges between Bitlayer and other Layer 1 chains. It has also achieved a total value locked (TVL) of $94.55 million, marking a 41.8% increase since its recent launch.
OKX announced an update on its token listing process, ensuring an extensive review process and compliance with local laws in response to customer and community feedback. The investment in Bitlayer represents OKX's commitment to supporting Bitcoin's scalability and security through innovative solutions.
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Stock Ticker: C3
Sector: Technology
Industry: Services-Prepackaged Software
Market Cap: $3,220,873,000
Dividend Yield: None
EPS: -2.33
P/E Ratio: 2.536
ROE: -0.917
Volume: 296,402,000
Stock Price: $29.73
52-Week Range: $0 - $0.176
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Industry: MANUFACTURING, SEMICONDUCTORS & RELATED DEVICES
Market Cap: 112.845M
Dividend Yield: None
Beta (5Y Monthly): -0.16
Price/Earnings Ratio (TTM): 1.852
Earnings Per Share (EPS) (TTM): -0.0891
Shares Outstanding: 104.671M
Profit Margin: 5.5%
Operating Margin: 3.42%
Return on Assets: 1.128%