The evolution of BTC: from value anchoring to function expansion
BTC is standing at a crossroads of development. On the one hand, it is the most stable value anchor in the crypto world, carrying the huge assets accumulated by the global consensus over the past decade; on the other hand, it is also the most silent asset, with millions of BTC sleeping deep in the wallet. At present, the BTC ecosystem faces three core challenges: limited liquidity, lack of profit scenarios, and high user threshold, which restrict the further development of the ecosystem.
Faced with this reality, more and more developers are beginning to think: Can BTC only lie quietly in the wallet as digital gold? Or is it possible to be awakened and stimulate greater practicality and vitality?
Over the years, developers and communities around the world have been exploring ways to expand BTC: the Lightning Network uses off-chain payment channels to achieve high-speed, low-fee micropayments, enabling BTC to be used in daily scenarios; the RGB protocol explores the programmability of BTC through off-chain contracts and asset issuance mechanisms; Ordinals and Runes use Taproot technology to bring NFT and token issuance capabilities to BTC, enriching its ecological expression; BitVM attempts to use a fraud proof mechanism to allow BTC to achieve on-chain verification in more scenarios without forking; the OP_CAT proposal promotes more complex smart contract scenarios by restoring script instructions.
We salute all innovators who are committed to expanding the boundaries of the BTC ecosystem. It is these brave attempts that are building the next BTC era bit by bit.
B² Network is an active builder in this wave.
B² Networks Vision and Mission
B² Network also adheres to the principle of main chain is extremely simple, security is the priority, and functions are expanded through the second layer, expanding the technical and application boundaries of the BTC ecosystem. The square in B² implies its vision: to expand the capabilities of BTC in an exponential way. Based on 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, realizing the programmability and cross-chain interoperability of BTC assets, and providing security protection and trustless data storage based on the BTC mainnet.
Economic system: B² launched the BTC-Fi aggregation platform Buzz, the ecological incentive platform Honey, and the new generation of BTC mining pool Mining Squared from the second half of 2024 to the first quarter of 2025 to achieve a safe, sustainable, and high-yield BTC financial experience. Currently, there are more than 500,000 users, attracting more than 5,000 BTC and more than 1% of the BTC computing power of the entire network.
Smart Ecosystem: B² will launch the B² Agent Signal Network and B² Agent Platform in the future to support AI agents to communicate autonomously and conduct economic activities, creating a prosperous AI ecosystem based on BTC.
B² Network has received support from many well-known Web3 investment institutions around the world, including HashKey Capital, Spartan, OKX Ventures, Alliance, P 2 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 worlds high recognition of the new stage of Bitcoin.
Currently, the latest valuation of B² Network has reached 200 million US dollars, demonstrating the global markets high confidence in BTCs second growth curve.
B² Networks interim achievements
Over the past year, B² has delivered interim results for this blueprint using a series of real data.
From testing to mainnet, B² has proven the feasibility of expanding BTC
In order to activate the potential of BTC, we must first build infrastructure. To this end, B² built a high-performance B² Rollup second-layer network, and aggregated key data through B² Hub and wrote it to the BTC main network, achieving state synchronization and verifiability. The actual performance of the three rounds of test networks and the main network 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 and attracted more than 900,000 users to participate in on-chain interactions.
After testing and verification, on April 17, 2024, B² Network officially launched the mainnet and quickly became the leading project of BTC Layer 2. As of April 2025:
The mainnet has processed over 130 million transactions;
The number of addresses exceeds 10.8 million;
On-chain DeFi TVL reached $395 million, and Bridged TVL reached $480 million.
At the same time, B² Hub has accumulated more than 30GB of Rollup availability data, aggregated and written to the BTC mainnet for more than 6,700 hours, triggering more than 12,600 BTC mainnet transactions. These data form a bridge between the BTC mainnet and the scalable execution layer.
90+ Dapps have been deployed on B², covering multiple scenarios such as DeFi, asset issuance, trading, consumer applications and AI. B² has also connected to multiple mainstream cross-chain bridges and has completed integration with multiple other public chain ecosystems, bringing sustainable application experience and asset appreciation methods to BTC users and developers. At the same time, B² Honey activities are also expanding synchronously, with more than 470,000 active users participating. Every on-chain action is being recorded and rewarded, injecting a popularity engine into the BTC ecosystem.
Through the BUZZ product, B² has built a native BTC revenue system
After completing the technical verification, B² began to build a participation path for BTC assets, so that BTC is no longer dormant. Buzz (https://buzz.bsquared.network/), a BTC-Fi aggregation product launched by B² Network, is upgrading the usage paradigm of BTC from hoarding coins and waiting for appreciation to interest-earning flow.
Before the mainnet was launched, B² first launched the Buzz pre-deposit activity, which encouraged users to assemble virtual mining machines and participate in simulated mining through the pre-deposit mechanism of BTC and mainstream assets. This mechanism received a response beyond expectations:
The number of participating user addresses exceeds 34,000;
The pre-deposit TVL once exceeded $660M.
And this is just the beginning. With the launch of the mainnet, Buzz Farming has become a long-term mechanism of B² Network. B² Network has opened up multiple on-chain revenue paths for BTC: Babylon, Aptos, BNB Chain, Hemi, Sei, Echo, Bedrock, Lorenzo, CoreDAO and other multi-project rewards. Users can obtain $B 2 and ecological project rewards by providing BTC liquidity, and gain continuous benefits as the entire BTC ecosystem develops. As of April 2025, Buzz Farming has achieved:
The total amount of BTC involved exceeds 5,000, and the annualized return generally reaches 3 ~ 10%;
The cumulative number of participating users exceeds 580,000.
At the same time, as the Finality Provider of the Babylon network, B² Network has attracted more than 1,000 BTC to be staked on the BTC mainnet, becoming a trusted security anchor for BTC holders.
From mining access to revenue management, B² has built an unprecedented new entry point for BTC finance.
Despite the emergence of chains and strategies, complex operations, page jumps and opaque returns are still the main obstacles for miners and BTC holders. To solve this pain point, B² jointly launched Mining Squared (https://pool.bsquared.network/) with the BTC ecosystem on March 27, 2025, building a one-stop solution for BTC mining and revenue aggregation.
Miners can join the Mining Squared mining pool to participate in BTC mining and enjoy early bird rate discounts;
The BTC obtained can enter interest-bearing strategies with one click, including DeFi, CeFi, RWA, etc.;
All revenues are settled using FPPS, with T+1 arrival, and the process is traceable and verifiable;
No need to understand complex contracts and strategy configurations, only 4 steps are required: register → connect to the mining pool → select strategy → receive earnings.
Since its launch on March 28, 2025, Mining Squared has achieved:
More than 50,000 mining machines are connected, with a total computing power exceeding 7 EH/s, accounting for more than 1% of the global BTC network computing power;
A total of over 40 blocks and 100 BTC have been produced.
Mining Squared will gradually unlock more capabilities in the future, aiming to become the most trusted and efficient BTC financial portal for BTC miners and coin holders.
What will B² do in the future?
A profound change surrounding BTC asset efficiency is taking place.
In the past, people were used to “hoarding coins and waiting for them to rise”; now, more and more coin holders want BTC to really “move”—to be dispatched, combined, and generate income. B² is building a new order that unleashes the potential of BTC:
Mining Squared opens up the entire chain from mining to revenue;
The Buzz strategy links multiple on-chain ecosystems to build a composite profit matrix for BTC;
Honey provides continuous incentives, transforming every on-chain interaction into ecological value;
Hive introduces PoS into the BTC system to enhance network security.
This will be a systematic upgrade centered around “BTC capacity release.”
Another deeper evolution is also quietly happening: AI is about to truly appear on the BTC chain.
In the future, the chain will not only be a transaction channel and data container for humans, but also a stage for intelligent life. AI Agents will have identities, instructions, data, and profit models, and learn, trade, and evolve on the chain like life.
In order to meet this possibility, B² is polishing the protocol and incubating new products. BTC will not only record the behavior of Agents, but also carry their knowledge, incentives and execution.
The above is what B² Network is doing - building the “second growth curve” of the BTC ecosystem.
