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.
Bitcoin24h
$58,585.33-2.40%
Ethereum24h
$2,304.17-4.43%
BNB24h
$547.70-1.58%
Solana24h
$131.95-2.64%
XRP24h
$0.5707-2.48%
Dogecoin24h
$0.1016-3.36%
Toncoin24h
$5.50-2.45%
TRON24h
$0.1494+1.36%
Cardano24h
$0.3325-4.49%
Avalanche24h
$23.80-3.53%
Bitcoin L2 Merlin Chain has lost $1.7 billion since June
Promoters once claimed that Merlin Chain had Bitcoin’s seal of approval but investors are tiring of its ‘layer 2’ gimmick.
Bitcoin halving has attracted billions in speculative TVL
To capitalize on the most anticipated Bitcoin halving ever, traders are depositing billions onto speculative, pre-launch layer 2s.
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