Layer 2 Networks Surge to $9.99B TVL as Bitcoin Hits $100K Amid Market Shifts
The cryptocurrency market is witnessing notable shifts as total value locked (TVL) on Layer 2 networks has increased to $9.99 billion, up from $9.88 billion yesterday. This growth reflects a positive trend across several prominent Layer 2 networks.
Currently, the top five Layer 2 networks by TVL are:
- Base: $3.93 billion, a rise of 1.26% from yesterday.
- Arbitrum: $3.24 billion, up 1.77%.
- Optimism: $814.67 million, a slight increase of 0.11%.
- Mantle: $481.86 million, down 1.29%.
- Blast: $475.61 million, a modest gain of 0.41%.
In the broader market, Bitcoin's price has surged past the $100,000 mark, currently sitting at $100,004. This milestone comes amid a rally fueled by the anticipation surrounding President-Elect Donald Trump's inauguration. Yesterday, Bitcoin was priced at $102,253, indicating a notable shift in investor sentiment.
Ethereum is also experiencing fluctuations, with its price currently at $3,608, down from $3,687 yesterday.
On the fundraising front, a total of $14 million has been raised today, contributing to a cumulative weekly total of $46.70 million. The most significant rounds include:
- Nakamoto Games: $10 million
- ZKcandy: $4 million
In response to the recent WazirX hack, CoinSwitch has announced a $70 million recovery fund aimed at assisting victims. This initiative is expected to take two years to fully distribute the funds, providing much-needed relief to affected users.
In the tech sphere, Nvidia's CEO Jensen Huang predicts that AI agents will evolve into a multi-trillion dollar industry, suggesting that these digital workers will transform how businesses operate.
Moreover, O.XYZ has secured $130 million to develop a Decentralized AI Managed Organization (DeAIO), aiming to pioneer AI governance through community-driven transparency.
On the regulatory front, the chair of the U.S. Commodity Futures Trading Commission (CFTC), Rostin Behnam, has announced his resignation effective January 20. He emphasized the urgent need for stronger oversight in the crypto space, leaving behind a legacy focused on enforcement.
