Bitcoin broke through the historical high of 100,000, and the market continued. In the future, more and more developers will build an ecosystem on Bitcoin. The higher the price of Bitcoin, the higher the handling fee. At this time, a second-layer project is needed to reduce the fee so that everyone can play with the Bitcoin ecosystem.

Spiderchain was developed by
@BotanixLabs
and is positioned as a decentralized equivalent EVM second layer on Bitcoin. Polychain, Placeholder and others participated in the financing of 11.5 million US dollars.

Aragog testnet has just been released. This is the testnet v1 stage launched by Spiderchain in multiple stages, preparing for the Spiderchain mainnet in 2025. It is expected to be launched on the mainnet in Q1 of 25, and real users are encouraged to actively participate in testing.