CandleFocus Bitcoin L2 and Sidechain Networks Surge to $1.31 Billion in Locked Value
2024-09-18
Author: Content Editor
Bitcoin layer two (L2) solutions and sidechains have gained significant traction this year, with the top ten Bitcoin-based sidechains and L2 protocols holding a combined $1.31 billion in total value locked (TVL). The majority of this value is held within two networks: Core and Bitlayer. Core, a network that combines Bitcoin and Ethereum features, leads with $387.94 million locked, followed closely by Bitlayer with $358.75 million. Other notable projects include Rootstock, Merlin, and Bsquared. The growth of these L2 solutions emphasizes the demand for scalability and interoperability in the Bitcoin ecosystem.
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