The Evolution of BTC: From Value Anchor to Functional Expansion
BTC is at a crossroads of development. On one hand, it is the most solid value anchor in the crypto world, carrying the immense assets accumulated from global consensus over the past decade. On the other hand, it is also the most silent asset, with millions of BTC lying dormant deep in wallets. Currently, the BTC ecosystem faces three core challenges: limited liquidity, lack of yield scenarios, and high user entry barriers, which restrict further development of the ecosystem.
In the face of such a reality, more and more developers are beginning to ponder: Can BTC only lie quietly in wallets as "digital gold"? Is it possible to "wake it up" and unleash greater practicality and vitality?
For years, global developers and communities have been tirelessly exploring ways to expand BTC: The Lightning Network has achieved high-speed, low-fee micropayments through off-chain payment channels, making BTC applicable to everyday use scenarios; the RGB protocol has explored the programmability of BTC through off-chain contracts and asset issuance mechanisms; Ordinals and Runes have utilized Taproot technology to bring NFT and token issuance functionalities to BTC, enriching its ecological expressions; BitVM attempts to enable more on-chain verifications of BTC in a non-fork condition through fraud-proof mechanisms; the OP_CAT proposal promotes more complex smart contract scenarios by restoring script instructions.
We salute all innovators dedicated to expanding the boundaries of the BTC ecosystem. It is these brave attempts that are gradually building the next era of BTC.
B² Network is an active builder in this wave.
The Vision and Mission of B² Network
B² Network also adheres to the principle of "minimal main chain, security first, functionality through layer two expansion," expanding the technical and application boundaries of the BTC ecosystem. The "square" in B² symbolizes its vision: to exponentially expand BTC's capabilities. Around this vision, B² is developing in three major directions:
Infrastructure: B² launched the high-performance B² Rollup (Layer 2) and B² Hub (BTC data availability layer) in the first half of 2024, achieving programmability of BTC assets and cross-chain interoperability, providing security guarantees based on the BTC mainnet and trustless data storage.
Economic System: B² will successively launch the BTC-Fi aggregation platform Buzz, the ecological incentive platform Honey, and the next-generation BTC mining pool Mining Squared from the second half of 2024 to the first quarter of 2025, achieving a secure, sustainable, and high-yield BTC financial experience. Currently, the user base has exceeded 500,000, attracting over 5,000 BTC and more than 1% of the total BTC network hash rate.
Smart Ecosystem: B² will launch the B² Agent Signal Network and B² Agent Platform in the future, supporting AI entities to communicate autonomously and engage in economic activities, creating a prosperous AI ecosystem based on BTC.
B² Network has received support from many well-known Web3 investment institutions globally, including HashKey Capital, Spartan, OKX Ventures, Alliance, P2 Ventures, IDG Capital, Animoca Ventures, KuCoin Ventures, ABCDE, Waterdrip Capital, Cypher Capital, Candaq, Antalpha Ventures, Future Money Group, Leland Ventures, Satoshi Lab, Skyland Ventures, MAXX Capital, TPC, OGs Fund, and Presto, reflecting the global recognition of the new phase of Bitcoin.
Currently, B² Network's latest valuation has reached $200 million, demonstrating the global market's high confidence in the second growth curve of BTC.
B² Network's Milestones
In the past year, B² has delivered a series of real data to validate this blueprint.
From Testing to Mainnet, B² Validated the Feasibility of Expanding BTC
To activate BTC's usage potential, the first step is to build infrastructure. To this end, B² established a high-performance B² Rollup layer two network and aggregated key data through B² Hub to write into the BTC mainnet, achieving state synchronization and verifiability. The performance of three rounds of testnets and the mainnet confirmed the reliability of this achievement:
During the three rounds of testnet from February to April 2024, B² Network deployed a total of 2,690 smart contracts, attracting over 900,000 users to participate in on-chain interactions.
After testing and validation, on April 17, 2024, B² Network officially launched the mainnet and quickly rose to become a leading project in BTC Layer 2. As of April 2025:
The mainnet has processed over 130 million transactions;
The number of addresses exceeds 10.8 million;
The on-chain DeFi TVL reached $395 million, and the Bridged TVL reached $480 million.
Meanwhile, B² Hub has cumulatively stored over 30GB of Rollup availability data, continuously writing aggregated data into the BTC mainnet for over 6,700 hours, triggering more than 12,600 BTC mainnet transactions. This data forms a bridge between the BTC mainnet and the scalable execution layer.
Over 90 Dapps have been deployed on B², covering various scenarios including DeFi, asset issuance, trading, consumer applications, and AI. B² has also connected multiple mainstream cross-chain bridges, completing integration with several other public chain ecosystems, providing BTC users and developers with sustainable application experiences and asset appreciation methods. At the same time, the B² Honey initiative is also expanding, currently with over 470,000 active participants, with every on-chain action being recorded and rewarded, injecting a "popularity engine" into the BTC ecosystem.
Through the BUZZ Product, B² Built a Native Yield System for BTC
After completing technical validation, B² began constructing participation pathways for BTC assets, allowing BTC to no longer "sleep." The BTC-Fi aggregation product Buzz (https://buzz.bsquared.network/) launched by B² is upgrading the usage paradigm of BTC from "holding coins for appreciation" to "earning yield through liquidity."
Before the mainnet launch, B² first initiated a Buzz pre-deposit activity, incentivizing users to assemble virtual mining machines to participate in simulated mining through BTC and mainstream asset pre-deposit mechanisms. This mechanism received an unexpectedly positive response:
The number of participating user addresses exceeded 34,000;
The pre-deposit TVL once broke through $660 million.
And this is just the beginning. With the mainnet launch, Buzz Farming has become a long-term mechanism for B² Network, which has opened multiple on-chain yield pathways for BTC: rewards from multiple projects such as Babylon, Aptos, BNB Chain, Hemi, Sei, Echo, Bedrock, Lorenzo, CoreDAO, etc. Users earn $B2 and ecological project rewards by providing BTC liquidity, gaining continuous benefits as the entire BTC ecosystem develops. As of April 2025, Buzz Farming has achieved:
A total of over 5,000 BTC participation, generally achieving an annual yield of 3% to 10%;
Cumulative participation exceeding 580,000 users.
At the same time, B² Network, as the Finality Provider of the Babylon network, has attracted over 1,000 BTC staked on the BTC mainnet, becoming a trusted security anchor for BTC holders.
From Mining Access to Yield Management, B² Built an Unprecedented New Entry for BTC Finance
Despite the plethora of chains and strategies, complex operations, page transitions, and opaque yields remain the main obstacles for miners and BTC holders. To address this pain point, on March 27, 2025, B², in collaboration with the BTC ecosystem community, launched Mining Squared (https://pool.bsquared.network/), creating a one-stop solution for BTC mining and yield aggregation.
Miners can access the Mining Squared pool to participate in BTC mining and enjoy rate discounts during the early bird phase;
The BTC earned can be easily entered into yield strategies, including DeFi, CeFi, RWA, etc.;
All yields are settled using FPPS, with T+1 arrival, and the process is traceable and verifiable;
No need to understand complex contracts and strategy configurations, just four steps: Register → Access Pool → Choose Strategy → Receive Yield.
Since its launch on March 28, 2025, Mining Squared has achieved in its first month:
Access to over 50,000 mining machines, with total hash power exceeding 7 EH/s, accounting for over 1% of the global BTC network hash rate;
Cumulative output of over 40 blocks and 100 BTC.
Mining Squared will gradually unlock richer capabilities in the future, aiming to become the most trusted and efficient financial entry point for BTC miners and holders.
What Does B² Aim to Do in the Future?
A profound transformation around the efficiency of BTC assets is underway.
In the past, people were accustomed to "holding coins for appreciation"; now, more and more holders hope that BTC will truly "move" — being deployed, combined, and generating yields. What B² is building is a new order that releases the potential of BTC:
Mining Squared connects the entire chain from mining to yield;
Buzz strategy links multiple on-chain ecosystems to create a composite yield matrix for BTC;
Honey provides continuous incentives, transforming every on-chain interaction into ecological value;
Hive introduces PoS into the BTC system, enhancing network security.
This will be a systematic upgrade centered around the "release of BTC capabilities."
And another deeper evolution is quietly happening: AI is about to truly appear on the BTC chain.
In the future, the chain will not only serve as a transaction channel for humans and a container for data but will also become a stage for intelligent life forms. AI Agents will possess identity, instructions, data, and yield models, learning, trading, and evolving on the chain like living beings.
To welcome this possibility, B² is refining protocols and incubating new products. BTC will not only record the actions of Agents but will also carry their knowledge, incentives, and execution.
This is what B² Network is doing — building the "second growth curve" of the BTC ecosystem.
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