Solana News Today: Binance Launches Bitlayer Booster 30M BTR Airdrop 3% Supply Drives DeFi 2.13% 24h Gain

Binance has initiated the Bitlayer Booster event, a multi-phase campaign designed to incentivize user participation in its web wallet ecosystem. The program’s first phase, launched on July 24, 2025, allocates 5.7 million Binance Token Rewards (BTR) to eligible users who hold at least 61 Binance Alpha Points, a metric tied to engagement with decentralized finance (DeFi) protocols [5]. The total reward pool spans 30 million BTR, equivalent to 3% of Bitlayer’s token supply, marking the largest airdrop initiative for the platform to date [2]. The event is part of Binance’s broader strategy to expand its web wallet’s functionality, which now supports Binance Smart Chain (BSC) and Solana, enabling users to trade and interact with DeFi applications directly from the wallet’s interface [1].

The integration of BSC and Solana aligns with Binance’s focus on cross-chain interoperability and scalability, leveraging the low transaction costs and high throughput of these blockchains. The Bitlayer Booster event aims to drive adoption of the web wallet’s beta version, which features real-time trading analytics and portfolio management tools [2]. By offering substantial token rewards, Binance seeks to stimulate participation in DeFi activities, potentially boosting liquidity and trading volume on its platform. The phased rollout suggests an iterative approach to refining the product before wider deployment, though the initial absence of Ethereum or Cardano support indicates a strategic prioritization of chains with established DeFi ecosystems [9].

Market data reflects BTR’s recent performance: the token trades at $0.04 with a market capitalization of $4.99 million, showing a 2.13% increase in 24 hours and a 10.82% gain over 90 days. However, its trading volume has declined by 27.41% in the past day [5]. Analysts note that airdrop campaigns like Bitlayer Booster historically drive short-term engagement and liquidity, but long-term success hinges on utility development and sustained user activity [7]. The Coincu research team highlights that while the event could boost BTR’s trading volume, Binance must address security transparency—such as custodial practices and encryption standards—for the web wallet to gain broader trust [8].

Binance’s initiative underscores its competitive positioning in the DeFi space, aiming to streamline user experiences and bridge centralized and decentralized ecosystems. By offering native integration with BSC and Solana, the platform seeks to attract developers and traders seeking efficient on-chain solutions. However, regulatory scrutiny and the emergence of rival platforms remain key risks to its dominance. The Bitlayer Booster event represents a significant step in Binance’s efforts to innovate within the crypto industry, though its ultimate impact will depend on the platform’s ability to execute its cross-chain strategy and maintain user confidence.

Source: [1] [Binance Launches Web Wallet Beta for BSC and Solana](https://www.ainvest.com/news/solana-news-today-binance-launches-web-wallet-beta-bsc-solana-boost-defi-onboarding-5-7m-btr-rewards-2507) [2] [Binance Wallet web version Beta launched](https://www.binance.com/square/post/27412462863810) [5] [Binance Wallet: The Bitlayer Booster event](https://www.chaincatcher.com/en/article/2193354) [7] [Maintenance Updates](https://www.binance.com/en/support/announcement/list/157) [8] [Evening News Update Web3](https://www.instagram.com/p/DMh8SOVu9M2/) [9] [PANews Article](https://www.panewslab.com/en/articles/w9n0a1dd)