Layer 2 TVL Hits $8.53B as Crypto Markets See Mixed Performance and Key Partnerships
Total Value Locked (TVL) on Layer 2 solutions has seen a slight uptick, standing at $8.53 billion today, up from $8.41 billion yesterday. The top five Layer 2 networks show varied performance:
- Arbitrum: $2.76B, an increase of 0.80% from yesterday.
- Base: $1.40B, up by 2.25%.
- Blast: $1.21B, a rise of 2.22%.
- Linea: $656.34M, a decrease of 0.84%.
- Optimism: $647.69M, up by 0.80%.
Bitcoin (BTC) is trading at $57,741, down from $58,041 yesterday. Ethereum (ETH) has seen a slight increase, currently priced at $3,127 compared to $3,068 yesterday.
Today's fundraising activities totaled $33.50 million. The biggest rounds included:
- Rome Protocol: $9.00M
- Dora: $5.50M
- Term Finance: $5.50M
For the current week, cumulative fundraising stands at $38.00 million.
In recent news, a whitehat hacker played a crucial role in recovering $450 million for a DeFi team, showcasing the importance of negotiation when facing cyber threats.
Ondo Finance has partnered with Pyth Network to expand access to their USDY token across over 65 blockchain ecosystems. This collaboration introduces a USDY-USD price feed, enabling developers to access real-time data for Ondo's USDY.
Economist Alex Krüger believes the market will absorb the sell pressure from Mt. Gox and the German government. The German government recently moved Bitcoin to exchanges after seizing 50,000 BTC during an investigation into Movie2k.to.
A report from Bernstein predicts that around a third of Bitcoin miners' future enterprise value could come from pivoting to AI data centers.
Mind Network has launched its Alpha Mainnet, a Restaking Layer utilizing Fully Homomorphic Encryption (FHE) technology. This launch aims to enhance the security and efficiency of AI and Proof-of-Stake (POS) networks.
