🌐 Get ready for a thrilling lineup of Layer-2 crypto projects making their way to Bullrun 2024-25. These projects are set to revolutionize the blockchain landscape and offer incredible opportunities for investors. 🌐
🧵 Exploring Top Layer-2 Solutions for Blockchain Scalability in this thread ⬇️🧵
1️⃣ Ronin (RON): Ronin is an EVM blockchain designed for gaming, launched by Sky Mavis, creators of Axie Infinity. It has scaled to millions of daily users and processed over $4B in NFT volumes. #Ronin #AxieInfinity
2️⃣ Boba (BOBA): Boba Network is an Ethereum layer-2 scaling solution using optimistic rollups. It increases transaction throughput, reduces gas fees, and leverages Hybrid Compute tech for off-chain data access. #BobaNetwork #EthereumL2
3️⃣ Immutable (IMX): Immutable X is a layer-2 solution for NFTs on Ethereum, offering instant transaction confirmation and near-zero gas fees for minting and trading NFTs. It enhances Ethereum's scalability and user experience. #ImmutableX #NFTs
4️⃣ MetisDAO (METIS): MetisDAO is an Ethereum Layer-2 scaling solution addressing the blockchain trilemma (decentralization, security, scalability). It aims to overcome Ethereum's speed, cost, and scalability challenges. #MetisDAO #EthereumL2
5️⃣ Cartesi (CTSI): Cartesi is a Layer 2 solution for the Ethereum Virtual Machine, enabling off-chain transactions for payments and smart contracts. It provides fast, simple, and secure application development. #Cartesi #Layer2
6️⃣ Polygon (MATIC): Polygon is a Layer 2 scaling solution running alongside Ethereum, offering speedy transactions and low fees. MATIC is the network's native cryptocurrency used for fees, staking, and more. #Polygon #MATIC
7️⃣ Celer (CELR): Celer Network is a Layer-2 scaling platform for off-chain transactions, including payments and smart contracts. It aims to bring blockchain technology to mass adoption. #CelerNetwork #Layer2
8️⃣ Loopring (LRC): Loopring is a scaling solution for Ethereum, using open-source smart contracts to create new projects. It focuses on creating a new exchange for crypto traders. #Loopring #EthereumL2
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- K33 Research predicts strong investment interest in Ethereum ETFs at launch.
- Expected inflows by K33 Research: $3.1 billion to $4.8 billion within 5 months.
- Balchunas forecasts lower inflows: $1.4 billion to $2.8 billion.
- K33 Research's optimism is based on Bitcoin ETFs' success, which have attracted around $14.8 billion.
- Despite varying figures, both K33 Research and Balchunas anticipate a highly positive response for Ethereum.
In late May, the U.S. approved several Ethereum ETFs, marking a significant milestone for the cryptocurrency market. However, the full impact of these new financial instruments is yet to be felt, as none of the eight approved applications have received the complete go-ahead for trading to commence. Despite this, K33 Research anticipates that these ETFs will have a massive impact upon launch.
This article will delve into K33 Research's projections for the Ethereum ETFs and their potential implications for Ethereum and the broader crypto market.
K33 Research's Outlook
According to data from Farside, spot Bitcoin ETFs are currently performing exceptionally well. On June 4, these ETFs experienced their second-best net inflow day, with a combined total of $886.6 million. Fidelity’s FBTC fund led the way with an inflow of $378.7 million, followed by BlackRock’s IBIT at $274.4 million, and Ark 21 Shares. These figures represent the highest net inflows since March 12, just before Bitcoin reached its all-time high of $73,800, when ETFs saw an inflow of $1.04 billion.
K33 Research suggests that a similar trend could be expected for Ethereum ETFs. Their prediction is based on the relative global assets under management (AUM) market share between Ethereum and Bitcoin. Currently, Ethereum's market share stands at around 28% of Bitcoin’s. Based on this ratio, K33 forecasts that Ethereum ETFs could attract approximately $4 billion in inflows within the first six months of their launch.
Correlation to Bitcoin ETFs
Farside data reveals that U.S. spot Bitcoin ETFs have accumulated around $14.8 billion so far, now holding over 1 million Bitcoin, which accounts for about 5% of the total Bitcoin supply. Drawing a parallel, K33 Research notes that institutional funds currently control 3.3% of Ethereum’s circulating supply. They predict that Ethereum ETFs will gather between $3.1 billion and $4.8 billion post-launch, translating to about 750,000 to 1 million ETH, or 0.65% to 0.85% of Ethereum's current supply.
Additionally, the Ethereum CME futures market, currently at 22.9% the size of Bitcoin’s, captured 34.6% of the inflows seen by Bitcoin futures ETFs between September 29 and December 26. This historical data provides further support for K33's optimistic outlook.
Bloomberg Analyst Eric Balchunas’ Perspective
Bloomberg ETF analyst Eric Balchunas has also shared his insights on the Ethereum ETFs. While K33 Research projects inflows of up to $4 billion, Balchunas is more conservative. In a recent tweet, he suggested that Ethereum ETFs might capture about 10% to 20% of the inflows seen by spot Bitcoin ETFs. This would still be significant, translating to around $1.4 billion to $2.8 billion in inflows.
Overall, regardless of differing estimates, analysts agree that the launch of Ethereum ETFs is a bullish event. The influx of capital into Ethereum could potentially drive its price higher, possibly even towards the $5,000 mark in the near future.
Disclaimer: Voice of Crypto aims to provide accurate and up-to-date information, but it is not responsible for any missing facts or inaccuracies. Cryptocurrencies are highly volatile financial assets, so please conduct your own research and make informed financial decisions.

#K33 #ETHETFS #EthereumETFs #ETH #Ethereum✅
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- The crypto market experienced a bullish surge in the last 24 hours, with the total market cap increasing by 3%.
- Bitcoin is spearheading the recovery. Breaking above the $71,515 resistance is essential for a potential retest of its previous all-time high.
- Ethereum's dominance is decreasing. Despite solid support at $3,720, Ethereum bulls need to gain momentum to stay competitive.
- Floki Inu has made a comeback over several weeks and needs to close above $0.000315 daily to confirm a bullish trend.
- Uniswap is recovering strongly, surpassing $9.3. Bulls are facing resistance at $11.89.
In the past 24 hours, the crypto market has shown significant bullish activity, with the total market capitalization increasing by 3%. Bitcoin, in particular, is making a notable effort to surpass the $71,000 mark, an event that hasn't occurred in weeks. The overall market heatmap reflects this positive trend, as nearly every cryptocurrency is trading in the green at present.
Bitcoin's dominance appears to be on the rise once again. Over the past day, almost every cryptocurrency has experienced gains, signaling a strong market-wide recovery. The heatmap of crypto liquidations from the past 24 hours mirrors the previous day’s data, with a crucial difference: today, the bears are bearing the brunt of losses.
In the last 24 hours, bulls have incurred losses of around $39 million due to liquidations, while bears have lost approximately $74 million, indicating a decisive bullish shift. From these observations, it's clear that bulls currently dominate the market, and Bitcoin seems poised to attempt reclaiming the $73,000 zone soon.
Bitcoin: Nearing a Crucial Breakthrough
Bitcoin's consolidation period, lasting over two months, is showing signs of ending. Initially trapped in a descending wedge for a month and a half, Bitcoin managed to break out in late May and has since been consolidating. Recent movements indicate a serious comeback, with Bitcoin rising more than 2% in the past 24 hours.
However, Bitcoin faces a key resistance level at $71,515, a high reached on May 20, before being pushed back down to the $66,000 zone. Surpassing this level is essential for Bitcoin to attempt retesting $73,800 and possibly setting a new all-time high this year.
Ethereum’s Stagnation
In contrast to Bitcoin’s resurgence, Ethereum has not mirrored this momentum. Ethereum's market dominance has decreased from 18% last week to around 17.33% currently, allowing Bitcoin's dominance to climb above 53%. Although Ethereum remains above its $3,720 support level, it has not participated in the recent rally. The cryptocurrency is stuck in a consolidation phase above $2,720, needing a bullish push to avoid being left behind.
Floki Inu Eyes New Highs
Floki Inu is on the verge of a new all-time high. After being rejected at the $0.000315 level on May 28 and experiencing a 25% decline, Floki has since rebounded. The cryptocurrency needs to close above $0.000315 with today’s daily candlestick to confirm a bullish breakout and convert this resistance into support. Investors should monitor today’s candlestick to gauge Floki’s future direction.
Uniswap's Strong Performance
Uniswap has shown impressive performance, rebounding strongly above the $9.3 price level. A significant candlestick from yesterday highlights substantial bullish activity. Currently, Uniswap is testing resistance at $11.89, where bears might attempt to halt further price increases. Investors should watch the $11.89 level closely; a break above could signal continued upward movement, while a rejection might lead to a retest of $9.3.
Disclaimer: Voice of Crypto strives to provide accurate and up-to-date information but is not responsible for any inaccuracies. Cryptocurrencies are highly volatile financial assets. Conduct thorough research and make informed financial decisions.

#UniSwap #bitcoin #ETH🔥🔥🔥🔥 #Ethereum✅ #btc70k
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