The inaugural Bitlayer Head Mine Festival has officially ended, with Bitlayer's TVL increasing by over 300 million US dollars during the event

The Mining Gala event, jointly initiated by the Bitcoin native second-layer network Bitlayer and seven ecosystem projects Lorenzo, Bitsmiley, Avalon, Bitcow, Pell, Enzo and Bitparty has officially ended. According to official website data, the total value locked (TVL) on the Bitlayer chain peaked at 450 million US dollars. During the Mining Gala event this indicator increased by 346 million US dollars. The top five projects in terms of TVL were Avalon, Pell, bitCow, bitSmiley and Enzo respectively. In addition to this more than 303 thousand people paid attention to this edition of Mining Gala event with an average increase of 50 thousand followers for joint initiators' social accounts during the activity period; each project saw an average increase of over 15 thousand new user addresses on-chain.

In addition to providing users with airdrops worth more than $24.35 million in project tokens as part of this edition's Mining Gala event initiative; it was also promised that all Bitlayer gems won from their Dapp leaderboard competition would be given out entirely to users. Currently eligible users have already freely minted exclusive pioneer badges for their respective projects' Mining Gala events on Bitlayer which can be exchanged for rights within the future Bitlayer ecosystem.