{"id":323046,"date":"2024-06-14T01:57:31","date_gmt":"2024-06-13T20:27:31","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=323046"},"modified":"2024-06-14T01:57:31","modified_gmt":"2024-06-13T20:27:31","slug":"bitcoin-layer-2-tvl-soars-above-2-billion-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/bitcoin-layer-2-tvl-soars-above-2-billion-crypto-news\/","title":{"rendered":"Bitcoin Layer 2 TVL Soars Above $2 Billion – Crypto News"},"content":{"rendered":"

<\/p>\n

Bitcoin Layer 2 networks and sidechains are attracting large inflows amid an uptick in activity.<\/p>\n

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Bitcoin scaling solutions are surging, with the sector\u2019s total value locked (TVL) growing 105% in the past 30 days.<\/p>\n

Bitlayer\u2019s<\/a> iTVL has soared 720% over the last month to $250 million. The largest Bitcoin L2, Merlin Chain<\/a>, also sits at an all-time high TVL of $1.14 billion.<\/p>\n

<\/p>\n

Top Bitcoin L2s and Sidechains<\/figcaption><\/figure>\n

<\/a><\/p>\n

While there are no clear catalysts for the spike in activity, both Bitlayer and Merlin Chain are actively running incentive programs.<\/p>\n

On May 20, Bitlayer kicked off its dApp leaderboard competition<\/a>, which offers teams listing funds and liquidity support, as well as 20 million of its yet to be released $BTR token. The program is split into two epochs, with the first concluding on June 23 and the second slated to end sometime in August.<\/p>\n

Meanwhile, Merlin Chain unveiled its \u201cOnchain Summer\u201d incentives program on June 12, which will run until July 5 and features 3 million $MERL tokens distributed as rewards.<\/p>\n

<\/p>\n

\"Merlin
Merlin Chain Price<\/figcaption><\/figure>\n

<\/a><\/p>\n

Despite the ecosystem growth, $MERL is down 65% since its launch on April 19, sitting at a fully diluted value (FDV) of $810 million.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Bitcoin Layer 2 networks and sidechains are attracting large inflows amid an uptick in activity. Bitcoin scaling solutions are surging, with the sector\u2019s total value locked (TVL) growing 105% in the past 30 days. Bitlayer\u2019s iTVL has soared 720% over the last month to $250 million. The largest Bitcoin L2, Merlin Chain, also sits at […]<\/p>\n","protected":false},"author":2,"featured_media":323048,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[274,273,272,244,266,271,268,270,269,267],"class_list":["post-323046","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-de-fi","tag-crypto-finance","tag-decentralized-finance","tag-liquidity","tag-metamask","tag-pancake","tag-slippage","tag-sushiswap","tag-tronlink","tag-trust-wallet","tag-uniswap"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/323046","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=323046"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/323046\/revisions"}],"predecessor-version":[{"id":323051,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/323046\/revisions\/323051"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/323048"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=323046"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=323046"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=323046"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}