Cryptocurrency Market Update: Layer 2 TVL Surges to $8.19 Billion, Bitcoin and Ethereum Prices Rise!

cryptosummary

Nov 6, 2024 — 1 min read

Current Cryptocurrency Market Overview

The cryptocurrency market is witnessing notable movements as of today. The total value locked (TVL) across Layer 2 networks has increased to $8.19 billion, up from $7.76 billion yesterday, indicating a healthy inflow into these scaling solutions.

Top Layer 2 Networks

Base: Current TVL is $2.54 billion, showing a growth of 4.78% from yesterday.
Arbitrum: Current TVL stands at $2.43 billion, with a rise of 6.68%.
Optimism: Currently at $659.69 million, up by 6.27%.
Blast: TVL is $597.77 million, marking a growth of 3.90%.
Mantle: Current TVL is $497.92 million, increasing by 4.90%.

Bitcoin and Ethereum Prices

Bitcoin (BTC) has seen a significant price increase, currently trading at $73,646, up from $69,351 yesterday. Ethereum (ETH) also experienced a rise, now priced at $2,613, compared to $2,425 yesterday.

Fundraising Activity

As it is the weekend, total fundraising data is not available today. However, the cumulative fundraising for the current week has reached $10 million.

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