According to the Odaily Planet Daily report, the Bitcoin L2 network BOB posted on the X platform that its TVL has exceeded $87 million. Previously, BOB (Build on Bitcoin) announced the completion of a $10 million seed round of financing, led by Castle Island Ventures, with participation from Mechanism Ventures, Bankless Ventures, CMS Ventures and UTXO Management. BOB is a hybrid L2 network that sits on top of the Bitcoin blockchain but is compatible with Ethereum.