Bitcoin Hyper Raises $29.5M to Revolutionize Bitcoin Transactions with Solana Tech
A new Layer 2 project called Bitcoin Hyper is gaining attention in the crypto market. It aims to speed up Bitcoin transactions while cutting costs, using technology borrowed from Solana. The project has already raised over $29.5 million in a public presale, with no private funding rounds for investors or insiders.
Bitcoin Hyper operates as a Layer 2 solution, built to process Bitcoin transactions faster and more cheaply. It relies on a Solana Virtual Machine (SVM) for efficiency, though this choice means a single sequencer handles transaction ordering. Speed takes priority over full decentralisation in its design.
The project’s bridge component works without trust assumptions, allowing BTC to move across chains securely. Its native token, $HYPER, functions as both a utility and governance asset, with multiple planned uses within the ecosystem. No team members or backers have been publicly named in the project’s whitepaper or documentation. Unlike many crypto ventures, Bitcoin Hyper skipped private or institutional presales, opening its public sale on 14 May 2025. Tokens were priced at roughly $0.013475 each, with total funds raised nearing $29.79 million. The launch comes as Bitcoin’s price struggles, overshadowed by shifting market narratives. While Bitcoin remains the cornerstone of crypto, Ethereum dominates discussions around DeFi, stablecoins, and tokenisation. Solana, meanwhile, attracts projects focused on speed and user experience, particularly in memecoins and consumer applications.
Bitcoin Hyper’s public presale has drawn significant funds without institutional backing or a named team. The project’s focus on speed and Solana’s infrastructure sets it apart in a market where narratives often drive attention. Its success will depend on adoption and whether its trade-offs between decentralisation and efficiency resonate with users.
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