Cryptocurrency Market Sees TVL Decline, Arbitrum Revenue Surge, and Major Fundraising Rounds
The cryptocurrency market is experiencing notable fluctuations, with the Total Value Locked (TVL) on L2 Beat showing a decline. The current TVL stands at $9.39 billion, down from $9.62 billion yesterday.
Arbitrum's TVL is currently $2.90 billion, reflecting a -1.95% change from yesterday. Despite this dip, Arbitrum's daily revenue surged to a record $3.4 million amid LayerZero token claims, a significant jump from $20,000 the previous day.
Blast's TVL has decreased by -4.12%, now standing at $1.99 billion. Base follows with a TVL of $1.57 billion, down by -2.38%. Optimism's TVL is $695.99 million, showing a -2.78% change. Linea's TVL is $661.52 million, a slight decrease of -1.18% from yesterday.
Bitcoin's price currently sits at $64,145, down from $64,897 yesterday. Ethereum's price has also seen a slight decline, now at $3,509 compared to $3,515 yesterday.
In the fundraising realm, today's total funding amounts to $25.85 million. The biggest rounds include Particle Network securing $15.00 million, Gudchain raising $5.00 million, and Zeek Network obtaining $3.00 million. The cumulative fundraising over the current week totals $65.95 million.
In other news, the U.S. spot bitcoin ETFs experienced significant outflows, shedding $139.88 million in daily net outflows on Thursday. This comes amid Germany's decision to start selling its stockpile of over $3 billion in seized Bitcoin, as reported by Arkham, raising concerns about potential market volatility.
Moreover, GrayMatter, a robotics company tackling labor shortages in manufacturing, announced raising $45 million to expand its efforts. On the tech front, Leonardo AI has launched a new model, Leonardo Phoenix, aiming to dethrone Ideogram as the best image generator.
