Decentralized data network Oracle API3 has announced the availability of its Oracle Stack on Bitlayer, a Layer 2 solution for Bitcoin. This allows developers to leverage decentralized data sources (dAPI) and leverage the upcoming OEV network to maximize value extraction (MEV) through Oracle updates. 🌐💻

Bitlayer operates as a Layer 2 protocol built on the BitVM model, providing Bitcoin-level security. Its main purpose is to enable trustless entry and exit of assets from Layer 1, facilitated by a virtual machine on Layer 2.

Decentralized applications (dApps) using Bitlayer can now access verifiable and decentralized data directly from the blockchain. API3 provides data storage directly on the blockchain from the data providers themselves.

Developers looking to integrate dAPIs on Bitlayer can explore the API3 marketplace. This platform provides a convenient way to discover, access and control a variety of data feeds.

Additionally, once the OEV network launches, protocols using decentralized API3 data feeds on Bitlayer will have a fully integrated MEV return solution.