Bitlayer

Bitlayer is a Bitcoin sidechain and Layer 1 blockchain designed to bring smart contract functionality and decentralised finance applications to Bitcoin. It claims to be the first implementation of BitVM, a framework that aims to make Bitcoin's security model available to programmable, Ethereum-compatible applications. The project targets developers and users who want to run DeFi protocols that settle, at least in part, against Bitcoin rather than other base layers.

Bitlayer runs as a sidechain that sits alongside Bitcoin, connecting to it through a BTC Bridge rather than settling every transaction directly on the Bitcoin base layer. Its smart contract engine is described as Ethereum-compatible, meaning applications built for Ethereum can be deployed on it, and the BTR token functions within this ecosystem, though the stored data does not specify the consensus algorithm or block time beyond recording a block interval of zero. The token exists within both the BNB Chain and Ethereum ecosystems according to its category tags, suggesting it is represented across multiple environments.

Bitlayer collected 3,461 USD in fees over the most recent 24-hour period, 76,759 USD over the trailing 7 days, and 114,071 USD over the trailing 30 days, with a trailing 12-month total of 3,137,250 USD. Fees grew 64.97 percent over the last 30 days, and the annualised figure derived from that 30-day window is 1,387,863.83 USD. These fees are generated by activity on the network, typically paid by users initiating transactions or interacting with smart contracts, though the data does not specify what share, if any, is distributed to token holders versus retained by the protocol. The annualised fee stream represents 2.55 percent of the current market capitalisation, a ratio the site labels fee yield.