Bitlayer is a “BitVM”-based protocol intended to unlock more of Bitcoin’s full potential by enabling smart, multichain functionality layered on top of Bitcoin. It claims to have over $3 million in deposited BTC, more than $360 million in daily trading volume, and a multichain environment with thousands of users. It offers or plans features such as a Bridge to move assets, a DApp Center, and support for developers via documentation, a multisig wallet, and testnet tools. Bitlayer also presents itself as trusted by multiple partners and investors, has a roadmap, and supports community participation (leaderboards, job opportunities). Key components include protocol tools, security documentation, and explorations into integrating with other chains. The site emphasizes that Bitlayer is designed to facilitate multichain DeFi/DApp deployment on Bitcoin, with infrastructure for token scanning, testnets, and developer resources as central features.