Bitcoin Hyper is building a Layer 2 network based on the Solana virtual machine, aimed at accelerating Bitcoin transactions and reducing fees to address Bitcoin's scalability challenges. The project uses a decentralized bridge to mint wrapped Bitcoin (Wrapper BTC) for use on its faster sidechain, while its native token HYPER is used for paying gas fees, staking, and participating in governance. Amid a broader market pullback in Bitcoin and Ethereum, it has been reported that some investors are turning toward Bitcoin projects like this one that focus on practical functionality.

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