Cryptocurrency Market Sees $8.95B Growth: Bitcoin Surges, Layer 2 Networks Thrive!
The cryptocurrency market shows a slight uptick in total value locked (TVL) across Layer 2 networks, currently standing at $8.95B, up from $8.88B yesterday. The top five Layer 2 networks are leading this growth:
- Base: $3.54B (up 2.32%)
- Arbitrum: $2.90B (down 0.08%)
- Optimism: $717.26M (up 0.34%)
- Mantle: $450.01M (up 0.69%)
- Blast: $405.37M (down 4.20%)
In the broader market, Bitcoin (BTC) has surged to $99,306, increasing from $96,641 yesterday. Ethereum (ETH) also sees growth, now priced at $3,314, up from $3,227.
Today’s fundraising efforts in the crypto space have totaled $111.00M, with notable rounds including:
- Sygnum: $58.00M
- Litas: $20.00M
- Dfns: $16.00M
The cumulative fundraising for the week reaches $438.55M.
Recent developments include Aethir's expansion of its GPU network through integration with EigenLayer, which introduces restaking opportunities for decentralized cloud computing. This move is set to enhance GPU provider onboarding significantly.
In Europe, the Boerse Stuttgart Group is optimistic about cryptocurrency, predicting it will account for 25% of its 2024 revenue. CEO Matthias Voelkel has disclosed personal Bitcoin holdings, signaling strong confidence in the sector.
Furthermore, DWF Labs has partnered with NEAR Protocol to support teams launching AI agents, aiming to drive innovation at the intersection of AI and decentralized technologies.
In a surprising twist, Bitcoin's price surge follows a leak suggesting that former President Donald Trump may issue several crypto-related executive orders on his first day back in the White House, with predictions of a $100 trillion impact.
Lastly, Up Network and DreamSmart have launched the world’s first Web3 AI glasses, designed to enhance online experiences through AI agents and extended reality features, potentially marking the dawn of a 'post-smartphone era.'
