Bitcoin Layer-2s Poised for $47B Liquidity Surge by 2030 🚀
Galaxy Research projects that Bitcoin Layer-2 (L2) networks could see $47 billion in BTC liquidity by 2030, driven by growing yield opportunities and ecosystem maturity.
From January to September 2024, Bitcoin L2s raised $174 million in funding, with sidechains and rollups receiving $105 million and $63 million, respectively. The sector also saw a sevenfold increase in projects and $447 million in venture capital investments to date. This marks a significant shift in venture funding, with Bitcoin L2s capturing 44% of all crypto L2 VC investments in Q2 2024.
Galaxy attributes this growth to new narratives like Bitcoin Ordinals and BRC-20 tokens, expecting further investment as the ecosystem consolidates.
Bullish!
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