Cryptocurrency Market Update: Layer 2 TVL Hits $8.55B, Bitcoin & Ethereum Prices Rise!
Current Cryptocurrency Market Overview
The cryptocurrency market is experiencing notable shifts, with the total value locked (TVL) on Layer 2 networks seeing an increase. As of today, the total TVL stands at $8.55 billion, up from $8.37 billion yesterday.
Top Layer 2 Networks
The following are the top five Layer 2 networks by TVL:
- Arbitrum: Current: $2.59 billion, Change: +1.50%
- Base: Current: $1.90 billion, Change: +2.99%
- Blast: Current: $797.02 million, Change: +2.53%
- Scroll: Current: $792.38 million, Change: +2.10%
- Optimism: Current: $659.49 million, Change: +2.07%
Price Movements
Bitcoin (BTC) has made a slight upward move, currently priced at $63,729, compared to $63,551 yesterday. Ethereum (ETH) has also seen a significant rise, now at $2,681, up from $2,585.
Recent Developments
In the realm of new initiatives, Lumia has launched Lumia Quests, allowing participants to earn points by completing tasks ahead of its mainnet launch. This initiative encourages community engagement and may lead to future incentives.
On another front, HTX and Tron are collaborating to create a thriving Web3 ecosystem. Tron founder Justin Sun hinted at closer ties between the blockchain platform and the crypto exchange.
In trading news, Binance is set to launch a GHSTUSDT perpetual contract for Aavegotchi, offering leverage of up to 75x. This move is expected to attract traders seeking high-risk, high-reward opportunities.
Funding Updates
As it is the weekend, total funding data is not available. However, cumulative fundraising for the current week has reached $2.00 million.
NEAR Protocol Surge
In notable price action, NEAR Protocol has surged over 15% in the last 24 hours, now trading at $5.11. This marks a remarkable 29% increase over the past week, moving from $3.88 to its current value, though it remains below its all-time high of $20.44.
