CandleFocus Top 10 Bitcoin Layer 2 Solutions by BTC Locked: Merlin Tops the List
2024-10-19
Author: Content Editor
The article discusses the expansion of the Bitcoin ecosystem and the development of Layer 2 (L2) applications designed to enhance scalability and efficiency. The top 10 L2s ranked by the amount of BTC locked are presented, with Merlin leading the list at 9303 BTC. Core and Bitlayer follow closely with 6705 BTC and 5397 BTC locked, respectively. Lightning Network, with 5209 BTC locked, is the most popular Bitcoin L2 due to its functionality for low-fee microtransactions. Other L2 solutions like Liquid, Rootstock, Stacks, and BOB are also gaining traction in the market. The increasing BTC locked in L2 solutions highlights the growing need for scalability within the Bitcoin network, benefiting both individuals and the stability of Bitcoin as a global financial system.
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