According to Odaily, Rainfire.btc, co-founder of cryptocurrency trading service company Velar, has stated that the Bitcoin Layer 2 (L2) ecosystem is projected to grow to 10-20% of Bitcoin's market capitalization. This prediction highlights the potential expansion and significance of the L2 ecosystem within the broader Bitcoin market.

Earlier this year, Velar announced the completion of a new funding round in February, raising $3.5 million. However, specific details regarding the investing institutions have not been disclosed.