L2 Beat TVL Dips to $7.63B, Bitcoin and Ethereum Drop Amid Market Selloff
The total TVL on L2 Beat stands at $7.63B, a slight dip from yesterday's $7.64B. Among the top L2 networks, Arbitrum leads with a TVL of $2.52B, reflecting a -0.75% change from the previous day. Base follows with $1.43B, down by -0.19%. Blast shows a positive shift with $742.28M, up by 0.27%. Scroll and Optimism are also on the rise, with TVLs of $692.91M (0.69%) and $586.88M (1.05%) respectively.
Bitcoin (BTC) has plunged below the $56K mark, currently priced at $56,637, down from $57,613 yesterday. This drop aligns with a broader selloff in the U.S. traditional markets, highlighting the risk-off sentiment among American investors. Ethereum (ETH) is also down, trading at $2,322 from yesterday's $2,388.
On the fundraising front, today's total amounts to $16.00M. The biggest rounds include PIN AI securing $10.00M, Fountain raising $3.50M, and Ammalgam with $2.50M. The cumulative fundraising for the week stands at $83.85M.
Robinhood’s crypto push is yielding results as American millennials' wealth grows. Johann Kerbrat, general manager of Robinhood’s crypto arm, stated in December, “We want to be kind of the on-ramp to the crypto world.”
Hybrid exchange GRVT, ZKsync’s first official Validium ZK Chain, has partnered with 16 top market makers and achieved a $3.3B monthly volume ahead of its Q4 mainnet launch. This includes collaborations with Galaxy Trading Asia Limited., Ampersan, Amber Group, IMC, Flow Traders, Pulsar, QCP, Selini, and others.
Osmosis has launched the Polaris Token Portal, aiming to facilitate trading across all chains through a unified interface. This initiative seeks to simplify interactions with DEXs, bridges, and wallets.
Bitcoin’s energy-intensive Proof-of-Work mechanism is under scrutiny as eco-conscious investors push for greener solutions within the crypto industry.
