Bitfinity Network has debuted as a game-changing Bitcoin Layer-2 (L2) solution, securing $12 million in funding to bring Ethereum Virtual Machine (EVM)-compatible decentralized finance (DeFi) capabilities to the Bitcoin ecosystem. The project’s vision aims to expand Bitcoin’s role beyond a store of value, unlocking its full potential through enhanced scalability and cross-chain functionality.

Supported by high-profile investors like Polychain and ParaFi, the project raised $7 million through institutional backing and an additional $5 million in community-driven token sales. Bitfinity leverages Internet Computer Protocol’s (ICP) innovative Chain Fusion Technology, enabling Bitcoin-native assets to seamlessly operate within Ethereum-compatible environments.

A Bitfinity spokesperson highlighted that with institutional Bitcoin exchange-traded funds (ETFs) on the horizon, the platform is well-positioned to capitalize on Bitcoin’s growing institutional adoption. Bitfinity’s pioneering infrastructure layer promises to scale Bitcoin while enabling the development of decentralized applications (DApps) like Sonic, Chapswap, Lendfinity, and Omnity Bridge.

Security remains a top priority for the platform. Bitfinity’s proof-of-stake protocol, enhanced by Chain-Key technology, offers superior protection for Bitcoin transactions, leveraging advanced cryptographic methods like Schnorr and ECDSA signing.

The network's launch has also driven a surge in Internet Computer usage, with ICP’s Chain Fusion protocol seeing a 1,230% year-over-year increase. This surge is credited to the rise of Bitcoin-native applications like Rainbow Protocol and Tap Protocol, which use ICP to enable direct, trustless smart contract interactions on Bitcoin.

Bitfinity’s launch marks a bold step toward broadening Bitcoin’s applications, bridging the gap between the world’s largest cryptocurrency and DeFi. As institutional interest in Bitcoin grows, Bitfinity is carving a niche in Bitcoin’s evolution as a programmable asset.