Crypto Market Surges: L2 Networks, BTC & ETH Prices, and $300M ETF Inflows Lead the Way
The cryptocurrency market has been bustling with activity, marked by significant movements in both prices and total value locked (TVL) across various Layer-2 (L2) networks. The current total TVL on L2 Beat stands at $8.41 billion, up from $8.30 billion yesterday.
Among the top L2 networks, Arbitrum leads with a TVL of $2.74 billion, reflecting a 2.09% increase from yesterday. Base follows with a TVL of $1.37 billion, showing a modest rise of 0.69%. Blast's TVL is currently $1.19 billion, up by 0.80%. In contrast, Linea has seen a decline, with its TVL dropping by 1.20% to $661.93 million. Optimism rounds out the top five with a TVL of $642.55 million, marking a 1.81% increase.
Bitcoin (BTC) and Ethereum (ETH) have also seen price upticks. BTC is currently priced at $57,457, up from $56,676 yesterday. ETH has risen to $3,067 from $3,019.
In the fundraising arena, today's total funding amounts to $2.50 million. Questflow secured the biggest round with $1.50 million, followed by Spot with $1.00 million. The cumulative fundraising over the current week stands at $20.40 million.
Significant news includes Bitcoin ETF traders buying the dip, leading to nearly $300 million in inflows. This is the highest since early June, with Blackrock’s BTC ETF accounting for almost $190 million.
Scroll has unveiled its Level Up platform to support developers in learning Solidity and applying for ecosystem funding. This initiative aims to empower developers with new opportunities.
Vitalik Buterin is advocating for ERC-3770 and ERC-7683 upgrades for Ethereum. These upgrades aim to enhance Ethereum’s transaction processes. Concurrently, a $2 million 'Attackathon' is set to boost protocol security ahead of the Pectra Hard Fork.
Sam Altman's Layer-2 blockchain project, World Chain, has opened to developers. Select developers can now apply to build, test, and provide feedback to Tools For Humanity, the firm behind Worldcoin.
The German government has moved nearly $1 billion in Bitcoin within 24 hours. Arkham, a blockchain 'de-anonymizing' platform, reports that the government shifted over 16,000 BTC, worth more than $915 million, in a single day.
