According to Deep Tide TechFlow news on November 21, reported by Cointelegraph, Galaxy Research analyzed the growth of the Bitcoin L2 ecosystem in its latest report, noting that the number of projects has increased sevenfold to date, with venture capital reaching approximately $447 million.
Galaxy estimates that by 2030, approximately $47 billion in Bitcoin liquidity may connect to the Bitcoin L2 network. Between January and September 2024, Bitcoin L2 projects received $174 million in financing.
Researchers also noted a significant change in the second quarter of 2024, where Bitcoin L2 projects accounted for 44% of the venture capital obtained by L2 networks across the entire cryptocurrency industry.
Compared to the first quarter, investment in the second quarter increased by 159%. Galaxy believes that as the ecosystem matures, crypto venture capital firms will continue to deploy funds into Bitcoin L2 projects.
