Our notes, observations, and analysis on what moved across Bitcoin L2 this week

Feels like things are moving again - upgrades, launches, bigger players moving in

🧵Feels like things are starting to move again. A new Bitcoin Layer 2 just went live on mainnet this week!

The Boosting Network for Bitcoin is now running on mainnet. Speed, programmability, and Bitcoin-native assets, all onchain. ⚡️

BOB Launches $BABY Rewards Campaign with Babylon BOB has officially kicked off its rewards distribution for the BOB x Babylon Points Campaign, in collaboration with Babylon (@babylonlabs_io). Participants in the campaign will be able to claim their $BABY rewards following today’s $BABY TGE. The rewards will be available as ERC-20 tokens on the BOB network. Claiming is simple — users just need to use their regular BOB wallet address to access the tokens. Once claimed, $BABY will be fully functional across BOB’s DeFi ecosystem. That means users can trade, provide liquidity, and interact with $BABY on platforms like @eulerfinance, @okutrade, and more. BOB thanked its community for actively joining the campaign and staying patient throughout the process, emphasizing that their support is shaping the future of Bitcoin DeFi. $BABY is coming to life on BOB — and it’s just the beginning.

Most updates don’t come with a bang — they land quietly, in code, commits, and silent progress. As always, we’re keeping a close eye on Bitcoin infrastructure, from L2 developments to protocol tweaks and dev tools. Here’s a look at what’s been quietly pushing Bitcoin forward lately — subtle changes that matter.

Dolomite, a prominent decentralized lending platform boasting nearly $800 million in total value locked, is making a bold leap onto the Bitcoin blockchain. This expansion is made possible through a groundbreaking partnership with Botanix Labs, leveraging their cutting-edge Spiderchain system. Unlike traditional Bitcoin scaling solutions, Spiderchain introduces a Layer 2 framework that seamlessly blends Ethereum Virtual Machine (EVM) compatibility into Bitcoin’s ecosystem, unlocking new possibilities for scalability and advanced functionality. The network gets its name through its unique "decentralized network of successive multisigs," which apparently resemble a spider web. These networks are managed by entities known as Botanix Orchestrators, which deposit bitcoin collateral into multisigs to participate in the network's consensus mechanism.

Solv Protocol raises $10M for Bitcoin reserve infrastructure Solv Protocol has raised $10 million in its first Bitcoin Reserve Offering (BRO), aiming to build the largest on-chain BTC reserve. The funds will support BTC-native yield strategies, real-world asset integration, and institutional-grade financial products. Solv’s model focuses on using Bitcoin as productive capital — not just a store of value. The raise kicks off Phase 1 of a broader plan to scale reserves to $100M. With validium-based infra already live, the team is positioning SOLV as a core asset in the BTCFi stack. The offering comes amid rising institutional interest in Bitcoin and growing demand for programmable BTC use cases.

Pell enhances stakers' capital efficiency and provides developers with an efficient, secure, and affordable way to build validated services. Built on a foundation of BTC restaking and shared cryptoeconomic security, Pell is now exploring the integration of AI and DeFAI (Decentralized Finance + AI) to enhance its mission. This isn’t a departure from its roots—it’s a strategic expansion that amplifies Pell’s strengths, opening new use case horizons and profit opportunities. What exactly is Pell Network? Why is it blending restaking, shared security, and AI? Let’s dive in.

Start earning up to 5% APY in real Bitcoin rewards just by holding sBTC.

We are pleased to announce that we have been granted the Approved Investment Manager (AIM) license in the British Virgin Islands. This achievement marks a crucial step in building the regulatory foundation of our institutional RWA infrastructure.

Companies are joining forces to bring Bitcoin's programmable capabilities across the ecosystem: 🔸From Bitcoin L1 🔸Through largest L2s 🔸To 80+ chains The partnership aims to make Bitcoin programmable and accessible across the entire industry. Learn more: beyond.tech (https://beyond.tech/)

Join us soon for Bitcoin Fusion Webinar #4! 🎥 🔥 We will be discussing the future of Bitcoin payments with representatives from: @MoonPay, @ElementWallet, @reown_, @benzingacrypto 💸 🗓️ Dec 19, 9 AM PS

1/ 1 SolvBTC ≠ 1 BTC. On-chain evidence exposed Solv cycling the same assets. Your BTC is not truly locked. Withdraw your BTC from @SolvProtocol immediately. Here’s what you need to know 🧵👇 https://t.co/tcvntdqL5O

🎄 Merlin Chain Xmas MEME Campaign | Creativity Unleashed, Rewards Await! Christmas is coming! Join @MerlinLayer2's Xmas MEME Campaign to showcase your creativity and spread holiday cheer. Win fantastic rewards and the chance to have your creation featured in the Merlin… https://t.co/XtK1re1dHV

🚨 Only 2 days left to participate in the @D3inc Ignition Campaign! Grab or renew your *CORE Name Token to snag a one-time 25K Sparks bonus. ⚡️ Details here 👉 https://linkcoredao.org/d3-campaign

1/12 Year-End summary for Bitcoin L2 The Bitcoin L2 space in 2024 was wild. While everyone was focused on price action, the real revolution was happening in scalability. Let me show you what I mean 👇🏻