Approaching $15 million in pre-sales, Bitcoin hyper sale draws closer as a $7 trillion cash reserve starts focused on Bitcoin (BTC)
Bitcoin Hyper, a new cryptocurrency and layer-2 (L2) network, is set to revolutionise the Bitcoin ecosystem. With a focus on tackling congestion, enabling Decentralised Finance (DeFi) opportunities, and lowering fees, Bitcoin Hyper aims to elevate Bitcoin's potential and unlock new opportunities.
The native Bitcoin network does not typically support decentralised applications (dApps), but Bitcoin Hyper's launch could boost DeFi activity on Bitcoin. By facilitating cheaper and faster transactions, Bitcoin Hyper is poised to address the bottlenecks currently faced by the Bitcoin network.
At its core, Bitcoin Hyper utilises the Solana Virtual Machine (SVM) to enable smart contract execution at speeds comparable to Solana. This feature is expected to significantly enhance the network's capabilities, making it a contender for a more efficient DeFi ecosystem.
The L2 network of Bitcoin Hyper also offers lower transaction fees, staking rewards, and governance rights on the $HYPER token. The Canonical Bridge in Bitcoin Hyper verifies transactions before minting equivalent tokens on the L2, ensuring security and transparency.
The presale for $HYPER has already surpassed $14.7M, with the current price standing at $0.012885. The total token supply includes a substantial 30% earmarked for ongoing development.
Settlement of transactions on Bitcoin Hyper will be almost immediate, enabling super speedy transfers. This speed, combined with the potential to solve Bitcoin's problems, has led some to predict that $HYPER might be the next big crypto to 1000x.
However, it's important to note that the person behind Bitcoin Hyper remains unknown, and the official release date of the L2 solution has not been announced yet.
Bitcoin, with a market cap of $2.22T, is the leading candidate for inflows from money markets. Despite its dominance, Bitcoin can currently only process 11.91 transactions per second, lower than Ethereum's 20.57 tps. The current average gas fee for Bitcoin transactions is $0.786, higher than Ethereum's $0.553.
After Bitcoin Hyper goes live, the Total Value Locked (TVL) in Bitcoin might soon change, as the L2 network unlocks access to new DeFi opportunities. With Bitcoin Hyper, users can look forward to a more efficient and user-friendly Bitcoin ecosystem.
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