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Arbitrum, Optimism, and Base are fighting over $52 billion DeFi pie

Ethereum layer 2s are battling for dominance of a market they believe could be worth hundreds of billions of dollars.

There are hundreds of Bitcoin ‘layer 2s’

Self-described Bitcoin layer 2s have proliferated, attracting billions of dollars despite dubious relevance to Bitcoin’s blockchain.

Promoters once claimed that Merlin Chain had Bitcoin’s seal of approval but investors are tiring of its ‘layer 2’ gimmick.

To capitalize on the most anticipated Bitcoin halving ever, traders are depositing billions onto speculative, pre-launch layer 2s.