Bitcoin Hyper ($HYPER), a new Layer-2 blockchain project built on the Solana Virtual Machine (SVM), has raised over $11 million in its ongoing presale, signaling strong investor confidence. The project aims to address Bitcoin's scalability limitations by enabling faster transactions, lower fees, and smart contract functionality without compromising security.
Bitcoin, while dominant as a store of value, struggles with slow transaction speeds (max ~7 TPS vs. Solana's 65,000 TPS), high fees during network congestion, and lack of native support for DeFi, NFTs, and dApps. Bitcoin Hyper plans to bridge this gap using a Canonical Bridge to wrap $BTC into its Layer-2 ecosystem, where users can access high-speed, low-cost transactions and deploy applications seamlessly.
The presale has attracted significant whale activity, including single purchases of $151K and $110.9K, and offers staking APYs up to 98%. The devnet is live, with native SVM program execution already operational, positioning $HYPER ahead of theoretical competitors. With a fully diluted valuation of $267M, analysts project potential 100x gains if adoption accelerates.
