By the end of the decade, over $47 billion in liquidity could shift to L2 solutions on Bitcoin. This estimate was shared by analysts at Galaxy Digital in the Bitcoin L2s report.
The study considers the market share of all wrapped bitcoins in DeFi, native BTC in L2 networks, and BTC locked in staking protocols. According to the report, 0.8% of all coins in circulation are concentrated in these segments. Analysts predict that in six years, this figure will reach 2.3%.
"If Bitcoin is worth $100,000 in 2030, the total market for L2 on Bitcoin could reach $47 billion, assuming that by 2030, 2.3% of the total BTC supply will be locked in [them]," the experts noted.
