Cryptocurrency Market Update: Layer 2 TVL Rises to $9.30B Amid Bitcoin and Ethereum Price Drops

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Jan 16, 2025 — 1 min read

The cryptocurrency market is currently experiencing notable fluctuations, as reflected in the latest data. The total value locked (TVL) on Layer 2 (L2) networks has seen an increase, now standing at $9.30 billion, up from $8.95 billion yesterday.

Top L2 Networks' TVL

Base: Current: $3.72B, Yesterday: 5.07%
Arbitrum: Current: $2.97B, Yesterday: 2.64%
Optimism: Current: $748.64M, Yesterday: 4.38%
Mantle: Current: $463.05M, Yesterday: 2.90%
Blast: Current: $419.15M, Yesterday: 3.40%

Current Price Movements

Bitcoin (BTC) is trading at $97,863, down from $100,156 yesterday. Meanwhile, Ethereum (ETH) is priced at $3,269, a decline from $3,442 the previous day.

Fundraising Highlights

Today, the total fundraising in the crypto space amounts to $2.55 million, with the largest round being $2.50 million raised by Brickken. Additionally, ChainAware.ai secured $50,000. Over the current week, cumulative fundraising has reached $513.66 million.

Recent Developments

Coinbase has recently launched a new service allowing U.S. customers (excluding New York) to borrow USDC against their Bitcoin holdings. This offering enables users to access liquidity without selling their Bitcoin, providing instant loans with flexible repayment terms. The loans are powered by Morpho, an open-source lending protocol on Coinbase’s L2 blockchain, Base.

In another significant move, Komainu Holdings, backed by Nomura, has raised $75 million in Bitcoin to support its global expansion and enhance its crypto technology.

Solidus Ai Tech is making waves with the announcement of Agent Forge, a platform that allows users to create customized AI agents. This innovation aims to enhance efficiency and automate tasks.

Moreover, BNB Chain has launched the "AI Agents Competition," offering $10,000 worth of USDT in tokens to the winning AI project, which will be distributed via an airdrop.

On the altcoin front, XRP has surged to a 7-year high above $3, with large holders accumulating $3.8 billion worth of tokens, as Bitcoin hovers near the $100,000 mark.

Layer 2 Networks Surge to $9.42B: Bitcoin Hits $103K Amid Crypto Fundraising Boom

The cryptocurrency market is experiencing a dynamic shift, with the total value locked (TVL) in Layer 2 networks rising to $9.42 billion, up from $9.30 billion yesterday. This increase reflects growing interest and investment in these networks. Among the top Layer 2 networks, Base leads with a current

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.

Cryptocurrency Market Update: Layer 2 Growth, Bitcoin Rises, and Major Fundraising News

Current Cryptocurrency Market Overview The cryptocurrency market is witnessing notable shifts as the total value locked (TVL) in Layer 2 networks has increased to $8.88 billion, up from $8.46 billion yesterday. This growth highlights the expanding interest in Layer 2 solutions as they gain traction among users and

Cryptocurrency Market Decline: Layer 2 TVL Drops to $8.46B Amid Bitcoin and Ethereum Slumps

The cryptocurrency market is currently experiencing a notable downturn, with total value locked (TVL) on Layer 2 networks dropping to $8.46 billion from $9.01 billion yesterday. This decline reflects a broader trend impacting the top Layer 2 networks. Here’s a snapshot of the TVL across the top