Layer 2 Networks Surge to $11B TVL as Bitcoin Hits $100K and Ethereum Soars to New Highs!
The cryptocurrency market is currently experiencing notable shifts, particularly in the realm of Layer 2 (L2) networks. The total value locked (TVL) across these networks has increased to $11.00 billion, up from $10.66 billion yesterday.
Top-5 L2 Networks' TVL
- Base: Current: $4.05 billion, Yesterday: 4.28%
- Arbitrum: Current: $3.43 billion, Yesterday: 3.31%
- Optimism: Current: $831.12 million, Yesterday: 3.04%
- Blast: Current: $658.29 million, Yesterday: 3.03%
- Mantle: Current: $528.08 million, Yesterday: -0.93%
Current Prices
Bitcoin (BTC) is trading at $99,602, a slight drop from $100,027 yesterday. Meanwhile, Ethereum (ETH) is priced at $4,002, down from $4,012.
Fundraising Highlights
Today’s fundraising total reached $4.00 million, with the biggest round coming from Suilend. This week, cumulative fundraising stands at $242.73 million.
Market News
Bitcoin has hit a significant milestone, reaching $100,000. This rise reflects a dramatic journey from its early days when it was nearly worthless. Pioneering companies like Semler Scientific are now adopting Bitcoin treasury strategies, adding 303 BTC to their holdings, further validating Bitcoin’s status as a valuable asset.
In other news, Tether has minted 19 billion USDT in just one month, raising liquidity but also concerns regarding reserve transparency and potential systemic risks in the market.
Ethereum has surged to a 3-year high of $4,089, driven by record ETF inflows totaling $752 million. This surge indicates growing institutional interest and confidence in Ethereum.
On the regulatory front, USDC has made headlines by becoming the first stablecoin to comply with new Canadian crypto asset regulations, showcasing the evolving landscape of cryptocurrency compliance.
