There are less than 10 days left until the BTC halving.
BRC-20 and BTCfi narratives have massive 100x potential after Bitcoin surges.
But the most promising future lies in Bitcoin's second-layer ecosystem.
BTC has a market value of 1.4 trillion US dollars, so it is not difficult to derive a BTC L2 with a market value of tens of billions.
Here are 7 top BTC L2 projects that could surge 20-100x in the coming months.
The upcoming Bitcoin halving is a key event in the cryptocurrency space.
In short, the halving will cut the mining reward in half.
expected outcome:
- Inflation rate cut in half
- BTC price could hit a new all-time high
- Mining farms adjust operations or switch to other tokens using POW
- Eventually, BTC growth could spark an altcoin boom
The Bitcoin halving reduced the block reward to 3.125 BTC, intensifying competition among miners.
Although miners’ revenues have been surging, the drop in hash prices following the halving has had an impact on earnings.
As transaction fees have dropped significantly, the pressure on profitability continues to increase, and as the halving approaches, the risk to profitability also increases.
As the Bitcoin network hash rate is on an upward trend, more and more miners are competing for the same rewards, making competition more intense.
In response to these challenges, some miners increased their sales of BTC, ultimately peaking at 1.6K BTC per day to OTC desks in late March — the highest volume since August 2023.
The Bitcoin ecosystem has grown extensively since the last halving, and the upcoming halving will have a significant impact on the entire ecosystem.
In the BTC ecosystem, my main concerns are as follows:
- BTC L2
- BRCfi
- BRC-20
- Meme
- infrastructure
Today we will focus on new layer 2 solutions for Bitcoin.
These solutions are built on top of the core Bitcoin blockchain to provide faster transactions, lower fees, and offer enhanced functionality.
Options like sidechains, ZK Rollups, Optimistic Rollups, and platforms like Stacks offer unique ways to improve Bitcoin applications.
◢ BVMnetwork - $BVM - Market cap $110M
BVMnetwork is the first modular blockchain meta-protocol that allows you to customize and launch modular Bitcoin L2 blockchains using top-level modules including:
- Rollup
- Data availability
- Uniswap, Compound and other Dapp modules
- NFT Market
- Provides a new approach to building Bitcoin L2
◢ Satoshivm - $SAVM - Market cap $50m
SatoshiVM is a Bitcoin layer 2 solution that integrates ZK Stark and Taproot scripts to support complex smart contracts and ensure efficient computational verification on the Bitcoin blockchain.
It uses zkEVM execution, enhancing scalability and integration with the Ethereum ecosystem.
The platform is community-driven, emphasizing user engagement and collaborative growth within its ecosystem.
◢ Bounce_bit - $BOUNCE (coming soon)
BounceBit is the first native BTC staking chain, offering a unique dual-token staking system that leverages the security of Bitcoin while ensuring full compatibility with the Ethereum Virtual Machine.
The innovative platform secures its network by staking Bitcoin and BounceBit tokens, laying a solid foundation for re-staking products in the DeFi ecosystem.
BounceBit features:
• BTC Re-Pledge Infrastructure: Providing secure re-pledge infrastructure for various products.
• Dual-token staking system: Validators stake BTC and BounceBit’s native token, bridging the Bitcoin and Ethereum ecosystems.
• CeFi+DeFi yield mechanism: combining the yield mechanisms of centralized finance and decentralized finance.
• Secure ecosystem infrastructure: Restaked BTC ensures the security of critical infrastructure.
• Earn yield across multiple networks: Enables BTC holders to earn yield across networks.
◢ Multibit_Bridge - $MUBI - Market cap $160 million
MultiBit is the first-ever two-sided bridge designed to enable easy cross-network transfers between BRC20 and ERC20 tokens.
By facilitating unparalleled liquidity for these tokens, MultiBit improves cross-chain interoperability.
The MUBI token may play a role in this ecosystem, perhaps being used for transaction fees, governance, or incentivizing network security and participation.
◢ MapProtocol - $MAP - Market cap $130M
Map Protocol Network is an EVM-compatible blockchain that supports heterogeneous blockchains and builds an efficient light client verification network.
It provides the necessary full-chain infrastructure for interoperability between blockchain-based assets, storage, and computing. The network acts as a Web3 user gateway and developer portal, enabling users and developers to use and build cross-chain applications without trusting a central authority.
Features of MapProtocol:
• Enhance compatibility with Ethereum Virtual Machine.
• Facilitate interoperability between assets.
• Expand interoperability to include on-chain storage and computing resources.
• Support cross-chain interoperability with BRC-201 tokens.
◢ ZeusNetworkHQ - $ZEUS - Market cap $120M
Solana and a permissionless communication layer on top of Bitcoin.
SOL has fast transaction speed and scalability, and BTC has security, trust, and liquidity.
Developers can build a wide variety of applications and services between Solana and Bitcoin.
◢ MerlinLayer2
Merlin Chain is a Layer2 Bitcoin platform that combines a ZK-Rollup network, a decentralized oracle network, and an on-chain BTC fraud prevention module to improve Bitcoin's native assets, protocols, and products on Layer1.
Merlin Chain aims to extend native innovations from Layer 1 to Layer 2, support all Bitcoin Layer 1 assets, build DApps in the spirit of Bitcoin's "fully on-chain", and launch community-driven assets.
Merlin Chain features:
• Provides scalability and low fees.
• Supports popular Bitcoin protocols: BRC20, BRC420.
• Improve efficiency with ZK Rollup.
• Enhance user base and accessibility through decentralized oracles.
On Merlin Chain, SolvProtocol is also worth a look.
Solv Protocol is a decentralized yield platform that tokenizes and aggregates premium yields across industries, serving as a unified liquidity gateway to reduce barriers and costs to investment opportunities.
They recently launched a program that lets users earn points by staking on their platform.
Solv Points System: app.solv.finance/points
It is also worth mentioning that some of the projects in the BTC ecosystem are still in their infancy. The following is a brief summary of these projects, which may grow 10 to 100 times.
• $SPACE - Bitcoin + Smart Contract + DID + Unlimited Scalability
• $ELA - Smart Web + BTC L2
• $SOV - Decentralized Bitcoin Exchange
• $SSNC - Inscriptions and BTC L2 Protocol
• $VELAR - Liquidity Protocol, DeFi on Bitcoin
• $NAKA - Low-cost, lightning-fast Bitcoin L2
• $ML - PoS blockchain as a sidechain to the BTC network
• $ORDS - Dex with integrated BRC20 token AMM infrastructure
• $ORBK - Compound Finance meets Bitcoin L1
• $ALEX - Integrating BTC L1 with Stacks’ layer 2 functionality + BRC20
Projects that have not yet issued tokens:
• Build_on_bob - A platform focused on scaling and promoting innovation in DeFi and Bitcoin.
• Photon_L2 - High performance Bitcoin L2 with optimistic execution
• Bounce_bit - the first native BTC staking chain
• Babylon_chain - Bitcoin staking protocol
• BotanixLabs - EVM L2 on Bitcoin
Runes:
• Runestones - the base OG item for LeonidasNFT
• Runes_terminal - provides tools for token issuance and distribution
• Btcordinal - $ZBIT will migrate to Rune when the protocol launches
• RuneX_Tech - The first person to start mining runes
• RUNES_DEX - the first AMM for runes
Remember, if you view your position as a long-term investment, a market drop should be viewed as a gift. It provides an opportunity to buy more tokens.
Finally, it is crucial to have a strategy before making any purchases, and never invest all of your money.
I hope this topic is helpful to you. 🙏Thank you for your likes and support👍
