Layer 2 Networks Surge to $6.49 Billion TVL as Crypto Market Sees Major Shifts and Investments
The cryptocurrency market is experiencing notable shifts as the total value locked (TVL) on Layer 2 networks has increased to $6.49 billion, up from $6.37 billion yesterday. This growth reflects a steady interest in decentralized solutions.
Among the top Layer 2 networks, Base leads with a TVL of $2.90 billion, marking a slight increase of 1.53% from the previous day. Arbitrum follows closely with $2.65 billion, showing a growth of 2.27%. Other significant players include Mantle at $277.42 million (up 1.45%), Linea with $197.53 million (up 2.51%), and Blast at $166.45 million (up 1.62%).
In terms of major cryptocurrencies, Bitcoin (BTC) is currently priced at $89,925, down from $90,781 yesterday. Ethereum (ETH) is trading at $2,226, a decrease from $2,248 the day before.
On the fundraising front, today’s total funding in the crypto space reached $53.60 million. The biggest round was secured by the National Cryptocurrency Association (NCA), which raised $50 million. Other notable raises include iAgent at $3 million and Sati at $600,000. Cumulatively, the week has seen a total of $292.50 million in fundraising.
In recent news, President Donald Trump’s decentralized finance project, World Liberty Financial, has reportedly purchased over $20 million worth of cryptocurrencies, including Ether, just days before a significant White House summit involving major digital asset firms. This move highlights the growing intersection of politics and cryptocurrency.
Additionally, Brazilian fintech unicorn Méliuz has made headlines by allocating 10% of its cash reserves to Bitcoin, aiming to enhance long-term shareholder value. This strategic pivot reflects a broader trend of traditional finance embracing crypto assets.
In legislative developments, New Hampshire's Bitcoin reserve bill has passed a House committee with strong support, joining states like Utah, Texas, and Arizona in exploring the use of crypto for state finances. This legislative momentum signals increasing acceptance of digital currencies at the state level.
On the tech front, Exabits has unveiled its high-performance AI infrastructure, integrating 4,000 NVIDIA H200 GPUs to enhance secure AI computing. This infrastructure supports both Web2 and Web3 innovations, showcasing the synergy between AI and blockchain technologies.
In a separate development, Google has debuted an AI mode that transforms traditional search into a conversational experience. This feature aims to enhance user interaction and engagement, reflecting the ongoing evolution of technology in various sectors.
