Crypto Market Surges: TVL Hits $8.30B, Bitcoin Dips, DeBank Airdrop, TRON News
The cryptocurrency market has shown notable activity, with the Total Value Locked (TVL) on L2 Beat reaching $8.30 billion, up from $8.23 billion yesterday. The top five Layer 2 (L2) networks have also seen shifts in their TVL.
Arbitrum leads with a TVL of $2.68 billion, experiencing a 0.88% increase from yesterday. Base follows with $1.36 billion, marking a 0.33% rise. Blast stands at $1.18 billion, up by 0.56%. Linea has recorded $669.96 million, reflecting a 1.05% increase, while Optimism has $631.13 million, with a modest 0.16% uptick.
Bitcoin (BTC) currently trades at $55,791, down slightly from yesterday's $55,863. Ethereum (ETH) has seen a minor increase, now priced at $2,969 compared to $2,929 yesterday.
Fundraising activity is paused for the weekend, with no new rounds reported today. However, the cumulative fundraising over the current week has reached $1.50 million.
In recent news, DeBank has initiated an airdrop to reward its active users, opening the XP token claim page. Users have a month to complete their claims.
Bitcoin's price briefly declined to $55,000 following the German government's move to liquidate $900 million worth of BTC in just eight hours. This aggressive selloff included a $500 million transaction, impacting the market.
In other developments, Justin Sun announced that the TRON team is working on a gas-free stablecoin transfer solution. This new service is expected to roll out later this year, starting with the TRON network and later expanding to Ethereum and other EVM-compatible chains.
Additionally, Lynex is making strides in liquidity management by democratizing advanced trading strategies. This Linea Blockchain-based liquidity engine aims to make sophisticated liquidity solutions accessible, reducing risks and improving efficiency.
